Plan Ledger DOL Form 5500 · updated monthly

Gvs Filtration, Inc.401(k)

GVS FILTRATION, INC. NON BARGAINED PLAN · FINDLAY, OH · plan year 2023

Reported admin expense ratio · 2023
0.20%

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

Gvs Filtration, Inc. reported $29,571 in plan administrative expenses for 2023: 0.20% of average plan assets, below the peer median. Employer contributions averaged $5,176 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 has held roughly steady near 0.202%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other manufacturing employers. By assets it is the 1,596th-largest of 3,295 plans among Ohio employers on file, and 7,069th of 13,661 in manufacturing. In 2023, the employer put in $1.19 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$15,079,089
Participants with balances196
Active participants110
Employer contributions$569,386
Employee contributions$479,814
Employer contribution per active participant$5,176
Average account balance$76,934
Benefits paid to participants$2,480,926
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$15.1M · 196 accts · $569K emplr
2022$14.2M · 201 accts · $589K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$29,571
Total administrative$29,571
The Gvs Filtration, Inc. 401(k) match · 2023
Employer contribution per active participant$5,176
Median for plans this size$2,440
2023$5,176 per active participant
2022$4,565 per active participant

Gvs Filtration, Inc.'s 2023 employer contribution ran above the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
ASCENSUS LLC · Loan processing · Recordkeeping$29,571

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

Administrative cost history2
2023$29,571 · 0.20%
2022$27,827 · 0.20%
All plans at this employer2
GVS FILTRATION, INC. NON BARGAINED PLAN401(k)
GVS FILTRATION, INC. BARGAINED PLAN401(k)
Same employer
Similar plansManufacturing · Ohio
Salvagnini America, Inc. OH$15.2M · 0.02%
Grote Enterprises, LLC OH$15.2M · 0.71%
Select Arc, Inc. OH$15.1M · 0.62%
Fallsway Equipment Co. Inc. OH$14.9M · 0.23%
Jackson Tube Service, Inc. OH$14.9M · 0.37%
Kent Displays Inc OH$14.9M · 0.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 452676797 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.