Plan Ledger DOL Form 5500 · updated monthly

Government Contracting Resources, Inc.401(k)

GCR, INC. 401(K) PLAN · PINEHURST, NC · plan year 2020

Reported admin expense ratio · 2020
0.41%

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

Government Contracting Resources, Inc. reported $15,121 in plan administrative expenses for 2020: 0.41% of average plan assets, above the peer median. Employer contributions averaged $447 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 0.408%. The plan sits in the $1M–$10M size bracket, benchmarked here against 294 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in North Carolina (1,582nd of 2,005), and 1,611th of 2,534 in administrative & support services. In 2020, the employer put in $1.68 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$3,786,355
Participants with balances158
Active participants365
Employer contributions$163,239
Employee contributions$96,956
Employer contribution per active participant$447
Average account balance$23,964
Benefits paid to participants$823,800
Plan auditDisclaimer of opinion
Plan history2
Yearassets · accounts · employer contribution
2022$1.5M · 78 accts · $55K emplr
2020$3.8M · 158 accts · $163K emplr
Administrative expenses, itemized · 2020
Recordkeeping & contract admin$5,699
Audit (IQPA)$9,422
Total administrative$15,121
The Government Contracting Resources, Inc. 401(k) match · 2020
Employer contribution per active participant$447
Median for plans this size$893
2022$769 per active participant
2020$447 per active participant

Government Contracting Resources, Inc.'s 2020 employer contribution ran below the $893 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 2020 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Recordkeeper by year2
2024Ascensus
2023Ascensus

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Administrative cost history2
2022$8,573 · 0.41%
2020$15,121 · 0.41%
All plans at this employer2
GCR, INC. 401(K) PLAN401(k)
GCR UNION 401(K) PLAN401(k)
Similar plansAdministrative & Support Services · North Carolina
Demayo Holding, Inc. NC$5.0M · 1.06%
Trident Management, Inc. NC$4.3M · 0.15%
Rcs Corporation NC$4.2M · 0.31%
Edu Healthcare LLC NC$3.0M · 0.71%
Powerhouse Recycling Inc. NC$2.7M · 0.19%

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Source: U.S. Department of Labor, Form 5500 series, EIN 541590229 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.