# Gls Industries, INC. 401(k) Plan
Source: https://planprovider.pro/companies/gls-industries-inc-401k-plan

> Gls Industries, INC.'s 401(k) plan: 106 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Gls Industries, INC.

- **Sponsor EIN:** 411665692

- **Sponsor Address:** 7200 BROADWAY AVE N, ROCHESTER, MN, 55906

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

- **Total Participants:** 106

- **Total Assets:** $12.8M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** Yes

- **Participant Loans:** No

- **Participant-Directed Investments:** Yes

- **ERISA Section 404(c) Fiduciary Safe Harbor:** Yes

## Plan Financials by Year

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

| 2024|106|$12.8M|$202,882|$727,107|

| 2023|103|$10.9M|$181,486|$688,538|

| 2022|112|$9.3M|$161,452|$591,802|

## 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|

| PRINCOR FINANCIAL SERVICES CORPORAT|INVESTMENT/FINANCIAL ADVI|$27,051|—|$27,051|

| ADP, INC.|RECORD KEEPER|$18,350|—|$18,350|

| SMITH SCHAFER & ASSOCIATES LTD|Auditor|—|—|$0|

### Verified Provider Profiles

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

- [ADP, INC.](https://planprovider.pro/provider/adp-retirement-services) — RECORD KEEPER

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $45,401

- **Estimated Expense Ratio:** 0.355% 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|$45,360|$27,051|—|—|—|

| 2023|$47,013|—|—|—|—|

| 2022|$19,167|—|$19,167|—|—|

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