Plan Ledger DOL Form 5500 · updated monthly

The Gel Group, Inc.401(k)

THE GEL GROUP, INC. 401(K) PLAN · CHARLESTON, SC · plan year 2024

Reported admin expense ratio · 2024
0.32%

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

The Gel Group, Inc. reported $128,232 in plan administrative expenses for 2024: 0.32% of average plan assets, above the peer median. Employer contributions averaged $2,011 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 0.32%. 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 134th-largest of 807 plans among South Carolina employers on file, and the 3,117th of 11,654 in professional & technical services. In 2024, employees put in $3.81 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$43,130,897
Participants with balances428
Active participants363
Employer contributions$730,004
Employee contributions$2,783,841
Employer contribution per active participant$2,011
Average account balance$100,773
Benefits paid to participants$1,312,287
Plan auditDisclaimer of opinion
AuditorMOSS AND YANTIS, CPA PA
Plan history3
Yearassets · accounts · employer contribution
2024$43.1M · 428 accts · $730K emplr
2023$36.3M · 414 accts · $616K emplr
2022$31.1M · 409 accts · $668K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$82,154
Investment management$46,078
Total administrative$128,232
The The Gel Group, Inc. 401(k) match · 2024
Employer contribution per active participant$2,011
Median for plans this size$2,416
2024$2,011 per active participant
2023$1,749 per active participant
2022$1,982 per active participant

The Gel Group, Inc.'s 2024 employer contribution ran below 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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$68,510
MMA SECURITIES LLC · Contract administrator · Investment advisory (plan)$59,729
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp

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$128,232 · 0.32%
2023$95,979 · 0.28%
2022$105,119 · 0.31%
Same employer
Similar plansProfessional & Technical Services · South Carolina
Signum , LLC SC$48.8M · 0.05%
Dority and Manning PA SC$47.7M · 0.00%
O'Neal, Inc. SC$45.5M · 0.08%
Esp Associates, Inc. SC$42.1M · 0.23%
Atlas Technologies, Inc. SC$41.4M · 0.41%
Css LLC SC$40.0M · 0.30%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 570713831 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.