# Gbs Corp 401(k) Plan
Source: https://planprovider.pro/companies/gbs-corp-341084079-003

> Gbs Corp&#39;s 401(k) plan: 200 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Gbs Corp

- **Sponsor EIN:** 341084079

- **Sponsor Address:** 7233 FREEDOM AVE NW, NORTH CANTON, OH, 447207123

- **Plan Type:** 401(k)

- **Plan Number:** 003

- **Total Participants:** 200

- **Total Assets:** $125.5M

## Key Plan Design Features

- **Auto-Enrollment:** No

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** No

- **ERISA Section 404(c) Fiduciary Safe Harbor:** No

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|200|$125.5M|$1.2M|$0|

| 2023|186|$111.4M|$1.1M|$0|

| 2022|193|$108.6M|$1.0M|$0|

## Service Providers (Schedule C)

Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).

| Provider Name|
Role|
Direct Compensation|
Indirect Compensation|
Total Fees|

| CHARTWELL FINANCIAL ADVISORY, INC.|Other Service Provider|$25,500|—|$25,500|

| CLIFTONLARSONALLEN LLP|Auditor|$14,279|—|$14,279|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [CLIFTONLARSONALLEN LLP](https://planprovider.pro/provider/cliftonlarsonallen-llp) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $39,779

- **Estimated Expense Ratio:** 0.032% of plan assets

### Historical Administrative Expenses

Breakdown of administrative expense categories reported on Form 5500 filings.

| Year|
Total Admin Expenses|
Investment Mgmt Fees|
Contract Admin Fees|
IQPA Audit Fees|
Professional Fees|

| 2024|$39,779|—|—|$14,279|—|

| 2023|$41,080|—|—|$17,580|—|

| 2022|$33,035|—|—|—|$33,035|

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