Plan Ledger DOL Form 5500 · updated monthly

Gse Systems, Inc.401(k)

GSE SYSTEMS 401(K) PLAN · COLUMBIA, MD · plan year 2024

Reported admin expense ratio · 2024
0.18%

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

Gse Systems, Inc. reported $85,086 in plan administrative expenses for 2024: 0.18% of average plan assets, below the peer median. Employer contributions averaged $2,686 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 0.178%. 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 326th-largest of 1,671 plans among Maryland employers on file, and the 2,804th of 11,654 in professional & technical services. In 2024, employees put in $4.28 for every $1.00 the employer contributed; active participation has shrunk from 254 to 192 since 2022.

Plan summary
Net assets, end of year$49,030,852
Participants with balances355
Active participants192
Employer contributions$515,664
Employee contributions$2,208,284
Employer contribution per active participant$2,686
Average account balance$138,115
Benefits paid to participants$5,819,334
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$49.0M · 355 accts · $516K emplr
2023$46.5M · 400 accts · $525K emplr
2022$45.6M · 441 accts · $487K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$45,095
Investment management$39,991
Total administrative$85,086
The Gse Systems, Inc. 401(k) match · 2024
Employer contribution per active participant$2,686
Median for plans this size$2,416
2024$2,686 per active participant
2023$2,262 per active participant
2022$1,917 per active participant

Gse Systems, Inc.'s 2024 employer contribution ran above 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$45,095
CREATIVE PLANNING, LLC · Investment advisory (plan)$39,983

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$85,086 · 0.18%
2023$83,414 · 0.18%
2022$90,831 · 0.18%
Same employer
Similar plansProfessional & Technical Services · Maryland
Hord Coplan Macht, Inc. MD$50.8M · 0.02%
Visionist, Inc MD$50.1M · 0.00%
Calibre CPA Group, PLLC MD$49.8M · 0.19%
Coronis Global LLC MD$49.3M · 0.32%
Varen Technologies, Inc. MD$48.0M · 0.22%
Aem Commercial, Inc. MD$47.3M · 0.20%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 521868008 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.