Plan Ledger DOL Form 5500 · updated monthly

Gsf USA, Inc.401(k)

GSF USA INC. 401K RETIREMENT PLAN · INDIANAPOLIS, IN · plan year 2023

Reported admin expense ratio · 2023
0.80%

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

Gsf USA, Inc. reported $41,670 in plan administrative expenses for 2023: 0.80% of average plan assets, above the peer median. Employer contributions averaged $147 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 0.36% to 0.67%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in Indiana (1,160th of 1,562), and 1,411th of 2,534 in administrative & support services. In 2023, employees put in $1.83 for every $1.00 the employer contributed; active participation has shrunk from 2,896 to 1,470 since 2022.

Plan summary
Net assets, end of year$5,237,114
Participants with balances131
Active participants1,470
Employer contributions$216,757
Employee contributions$395,885
Employer contribution per active participant$147
Average account balance$39,978
Benefits paid to participants$1,078,088
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$4.7M · 137 accts · $254K emplr
2023$5.2M · 131 accts · $217K emplr
2022$5.1M · 90 accts · $178K emplr
Administrative expenses, itemized · 2023
Investment management$41,670
Total administrative$41,670
The Gsf USA, Inc. 401(k) match · 2023
Employer contribution per active participant$147
Median for plans this size$1,308
2024$156 per active participant
2023$147 per active participant
2022$62 per active participant

Gsf USA, Inc.'s 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
SHEPHERD FINANCIAL INVESTMENT ADVIS · Investment advisory (plan)$23,576
EMPOWER ADVISORY GROUP, LLC · Investment management$295

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$33,591 · 0.67%
2023$41,670 · 0.80%
2022$20,099 · 0.36%
Same employer
Similar plansAdministrative & Support Services · Indiana
C&S Acquisitions, Inc. IN$5.8M · 0.01%
Springbuk, Inc. IN$5.4M · 1.26%
Engledow Inc. IN$5.3M · 0.72%
Plastic Recycling, Inc. IN$4.2M · 0.04%
Ciproms, Inc. IN$3.5M · 1.27%

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Source: U.S. Department of Labor, Form 5500 series, EIN 351734232 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.