# Gsm Services, INC. 401(k) Plan
Source: https://planprovider.pro/companies/gsm-services-inc-401k-plan

> Gsm Services, INC.'s 401(k) plan: 273 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/lincoln-financial-group) — CUSTODIAN

- [BUTLER & STOWE](https://planprovider.pro/provider/butler-and-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|—|—|

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