Plan Snapshot
- Plan Sponsor: Group Management Services, INC.
- Sponsor EIN: 341707723
- Sponsor Address: 3750 TIMBERLAKE DR, RICHFIELD, OH, 44286
- Plan Type: 401(k)
- Total Participants: 15,988
- Total Assets: $419.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 15,988 | $419.6M | $18.5M | $39.6M |
| 2023 | 12,883 | $335.6M | $13.9M | $31.2M |
| 2022 | 10,303 | $262.3M | $11.2M | $25.7M |
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 |
|---|---|---|---|---|
| CORRIGAN KRAUSE | Auditor | $55,800 | — | $55,800 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $55,800
- Estimated Expense Ratio: 0.013% 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 | $1,574,440 | $471,813 | — | $55,800 | — |
| 2023 | $1,075,438 | $355,973 | — | $78,000 | — |
| 2022 | $1,575,247 | $1,424,088 | — | — | $151,159 |