Plan Ledger DOL Form 5500 · updated monthly

Gns North America, Inc.401(k)

GNS NORTH AMERICA, INC. 401(K) PLAN · HOLLAND, MI · plan year 2024

Reported admin expense ratio · 2024
0.62%

Peer grade: C · admin costs + employer contributions vs same-size plans · how grading works

Gns North America, Inc. reported $70,615 in plan administrative expenses for 2024: 0.62% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,074 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 3 years on file its reported administrative ratio has held roughly steady near 0.62%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Michigan (1,363rd of 2,619), and 7,812th of 13,661 in manufacturing. In 2024, employees put in $1.85 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$12,716,905
Participants with balances281
Active participants309
Employer contributions$640,723
Employee contributions$1,185,378
Employer contribution per active participant$2,074
Average account balance$45,256
Benefits paid to participants$607,074
Plan auditUnmodified (clean) audit opinion
AuditorMANER COSTERISAN, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$12.7M · 281 accts · $641K emplr
2023$10.1M · 269 accts · $601K emplr
2022$7.7M · 275 accts · $700K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$32,451
Investment management$38,164
Total administrative$70,615
The Gns North America, Inc. 401(k) match · 2024
Employer contribution per active participant$2,074
Median for plans this size$2,416
2024$2,074 per active participant
2023$2,005 per active participant
2022$2,168 per active participant

Gns North America, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
ASCENSUS LLC · Loan processing · Recordkeeping$32,451
LPL FINANCIAL RPCP · Investment advisory (plan)$38,164

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Ascensus
2023Ascensus

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$70,615 · 0.62%
2023$61,039 · 0.69%
2022$51,373 · 0.65%
Same employer
Similar plansManufacturing · Michigan
Fleetwood Group, Inc. MI$12.9M · 0.00%
HELM43, LLC MI$12.9M · 0.30%
Navistar Defense, LLC MI$12.8M · 0.87%
Backyard Services, LLC MI$12.8M · 0.50%
Suspa, Incorporated MI$12.7M · 0.02%
Rtdcorp Inc. MI$12.4M · 0.54%

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Source: U.S. Department of Labor, Form 5500 series, EIN 274502405 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.