Plan Snapshot
- Plan Sponsor: Gse Systems, LLC
- Sponsor EIN: 521868008
- Sponsor Address: 7067 COLUMBIA GATEWAY DRIVE, COLUMBIA, MD, 210462788
- Plan Type: 401(k)
- Total Participants: 192
- Total Assets: $49.0M
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 | 192 | $49.0M | $515,664 | $2.2M |
| 2023 | 232 | $46.5M | $524,778 | $2.4M |
| 2022 | 254 | $45.6M | $486,998 | $2.6M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $45,095 | — | $45,095 |
| CREATIVE PLANNING, LLC | Investment Advisor | $39,983 | $17 | $40,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CREATIVE PLANNING, LLC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $85,095
- Estimated Expense Ratio: 0.174% 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 | $85,086 | $39,991 | $45,095 | — | — |
| 2023 | $83,414 | $40,000 | $43,414 | — | — |
| 2022 | $90,831 | $39,984 | $50,847 | — | — |