Plan Ledger DOL Form 5500 · updated monthly

Gomez Management Company401(k)

GOMEZ MANAGEMENT COMPANY 401(K) PLAN · SOUTH HADLEY, MA · plan year 2022

Reported admin expense ratio · 2022
1.39%

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

Gomez Management Company reported $6,725 in plan administrative expenses for 2022: 1.39% of average plan assets, above the peer median. Employer contributions averaged $19 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 2 years on file its reported administrative ratio rose from 0.98% to 1.39%. The plan sits in the under $1M size bracket, benchmarked here against 4,041 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in Massachusetts (2,688th of 2,726), and 1,936th of 2,240 in accommodation & food services. In 2022, employees put in $5.82 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$446,954
Participants with balances37
Active participants647
Employer contributions$12,165
Employee contributions$70,818
Employer contribution per active participant$19
Average account balance$12,080
Benefits paid to participants$46,707
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2022$447K · 37 accts · $12K emplr
2020$391K · 25 accts · $9K emplr
2019$269K · 25 accts
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$6,725
Total administrative$6,725
The Gomez Management Company 401(k) match · 2022
Employer contribution per active participant$19
Median for plans this size$331
2022$19 per active participant
2020$20 per active participant

Gomez Management Company's 2022 employer contribution ran below the $331 median for plans its size, in the bottom quarter of its peers. 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history3
2022$6,725 · 1.39%
2020$3,252 · 0.98%
2019Not separately reported
Similar plansAccommodation & Food Services · Massachusetts
Cadete Enterprises, Inc. MA$851K · 0.07%
Expressit Logistics Inc. MA$513K · 0.83%
Houston Enterprises Inc MA$461K · 1.08%
Millennial Foods MA$154K · 1.05%
Paul USA, Inc MA$142K · 0.28%
Hyde Park Burgers, LLC MA$123K · 0.31%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 222945520 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.