Plan Snapshot
- Plan Sponsor: Government Employees' Benefit Association, INC.
- Sponsor EIN: 526051763
- Sponsor Address: 1362 MELLON ROAD SUITE 100, HANOVER, MD, 21076
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 15,618
- Total Assets: $23.5M
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 | 15,618 | $23.5M | $0 | $11.0M |
| 2023 | 15,784 | $23.3M | $0 | $10.7M |
| 2022 | 16,104 | $20.6M | $0 | $11.7M |
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 |
|---|---|---|---|---|
| GEBA STAFF | Other Service Provider | $984,201 | — | $984,201 |
| NEXUS DIRECT | Other Service Provider | $794,437 | — | $794,437 |
| B/NET SYSTEMS | Other Service Provider | $273,155 | — | $273,155 |
| VIRTUAL BENEFITS ADMINISTRATOR | Other Service Provider | $166,408 | — | $166,408 |
| BORMEL, GRICE & HUYETT, P.A. | Other Service Provider | $91,414 | — | $91,414 |
| POINT CLICK | Other Service Provider | $68,760 | — | $68,760 |
| BALTIMORE ORIOLES | Other Service Provider | $48,625 | — | $48,625 |
| NSA/CIVILIAN WELFARE FUND (CWF) | Other Service Provider | $39,900 | — | $39,900 |
| ADOPT A HIGHWAY | Other Service Provider | $36,969 | — | $36,969 |
| FEEA | Other Service Provider | $20,000 | — | $20,000 |
| KOHAN STRATEGIC MEDIA LLC | Other Service Provider | $18,950 | — | $18,950 |
| ATTAIN SPORTS & ENTERTAINMENT | Other Service Provider | $18,800 | — | $18,800 |
| PRINTING PRODUCTIONS | Other Service Provider | $18,055 | — | $18,055 |
| MOUNT ROYAL PRINTING | Other Service Provider | $14,904 | — | $14,904 |
| GOVERNMENT EXECUTIVE MEDIA | Other Service Provider | $14,825 | — | $14,825 |
| THE CYPHERS AGENCY | Other Service Provider | $13,080 | — | $13,080 |
| ASTRIATA | Other Service Provider | $8,140 | — | $8,140 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $2,630,623
- Estimated Expense Ratio: 11.174% 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 | $3,184,832 | $350 | $235,787 | $41,136 | — |
| 2023 | $2,254,622 | $2,405 | $241,883 | $38,008 | — |
| 2022 | $2,990,566 | $6,462 | $301,657 | — | $132,859 |