Plan Ledger DOL Form 5500 · updated monthly

Gray Matter Systems, LLC401(k)

GRAY MATTER SYSTEMS, LLC 401(K) PROFIT SHARING PLAN AND TRUST · WARRENDALE, PA · plan year 2024

Reported admin expense ratio · 2024
0.33%

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

Gray Matter Systems, LLC reported $92,547 in plan administrative expenses for 2024: 0.33% of average plan assets, above the peer median. Employer contributions averaged $4,944 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 0.30% to 0.33%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 1,107th-largest of 3,651 plans among Pennsylvania employers on file, and the 3,919th of 11,654 in professional & technical services. In 2024, employees put in $2.37 for every $1.00 the employer contributed; active participation has grown from 153 to 260 since 2022.

Plan summary
Net assets, end of year$32,414,194
Participants with balances268
Active participants260
Employer contributions$1,285,552
Employee contributions$3,043,703
Employer contribution per active participant$4,944
Average account balance$120,948
Benefits paid to participants$1,864,167
Plan auditUnmodified (clean) audit opinion
AuditorWILKE & ASSOCIATES
Plan history3
Yearassets · accounts · employer contribution
2024$32.4M · 268 accts · $1.3M emplr
2023$24.0M · 252 accts · $941K emplr
2022$12.3M · 157 accts · $564K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$24,077
Investment management$68,470
Total administrative$92,547
The Gray Matter Systems, LLC 401(k) match · 2024
Employer contribution per active participant$4,944
Median for plans this size$2,416
2024$4,944 per active participant
2023$3,704 per active participant
2022$3,687 per active participant

Gray Matter Systems, LLC's 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
RBC CAPITAL MARKETS LLC · Investment advisory (plan)$68,470
DUNBAR BENDER & ZAPF INC · Contract administrator$10,479

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

Administrative cost history3
2024$92,547 · 0.33%
2023$52,573 · 0.29%
2022$38,072 · 0.30%
Same employer
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Rqm+ PA$33.2M · 0.61%
Microbac Laboratories, Inc PA$33.1M · 0.34%
ALL4 LLC PA$32.7M · 0.16%
Mastech Digital, Inc. PA$32.4M · 0.36%
Playfly, LLC PA$32.4M · 0.25%
Kline & Specter, P.C. PA$32.3M · 0.16%
Stambaugh Ness, Inc. PA$32.2M · 0.34%

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Source: U.S. Department of Labor, Form 5500 series, EIN 251820946 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.