Plan Snapshot
- Plan Sponsor: Gsm Services, INC.
- Sponsor EIN: 560883987
- Sponsor Address: 1535 WEST MAY AVENUE, GASTONIA, NC, 280520030
- Plan Type: 401(k)
- Total Participants: 273
- Total Assets: $6.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 273 | $6.5M | $88,547 | $481,422 |
| 2023 | 218 | $5.7M | $72,348 | $407,032 |
| 2022 | 187 | $4.5M | $64,620 | $337,958 |
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 |
|---|---|---|---|---|
| LINCOLN NATIONAL CORPORATION | CUSTODIAN | $10,725 | — | $10,725 |
| BUTLER & STOWE | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LINCOLN NATIONAL CORPORATION — CUSTODIAN
- BUTLER & STOWE — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $10,725
- Estimated Expense Ratio: 0.165% 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 | $481,744 | — | — | — | — |
| 2023 | $11,843 | — | $11,843 | — | — |
| 2022 | $10,568 | — | $10,568 | — | — |