The Gms Group, LLC401(k)
THE GMS GROUP, LLC SALARY SAVINGS PLAN · EAST HANOVER, NJ · plan year 2022
The Gms Group, LLC's 2022 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $30,692,636 across 85 participant accounts, with employer contributions averaging $503 per active participant. See methodology for what Form 5500 does and doesn't capture.
The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other finance & insurance employers. By assets it is the 817th-largest of 2,419 plans among New Jersey employers on file, and the 2,389th of 4,798 in finance & insurance. In 2022, employees put in $23.39 for every $1.00 the employer contributed.
The Gms Group, LLC's 2022 employer contribution ran below the $2,266 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.
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Source: U.S. Department of Labor, Form 5500 series, EIN 770606720 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.