# The Gorman-Rupp Company DB Plan
Source: https://planprovider.pro/companies/the-gorman-rupp-company-plan-003

> The Gorman-Rupp Company's DB plan: 213 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** The Gorman-Rupp Company

- **Sponsor EIN:** 340253990

- **Sponsor Address:** 600 SOUTH AIRPORT ROAD, MANSFIELD, OH, 44903

- **Plan Type:** DB

- **Total Participants:** 213

- **Total Assets:** $56.1M

## 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|213|$56.1M|$2.7M|$0|

| 2023|231|$53.7M|$3.4M|$0|

| 2022|236|$48.4M|$2.0M|$0|

## 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|

| BANK OF AMERICA|RETAINED BY EMPLOYER|$163,695|—|$163,695|

| JOHN HANCOCK RETIREMENT|RETAINED BY EMPLOYER|$150,103|—|$150,103|

| COLUMBIA MANAGEMENT|RETAINED BY EMPLOYER|$78,715|—|$78,715|

| MEADEN & MOORE|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [JOHN HANCOCK RETIREMENT](https://planprovider.pro/provider/john-hancock) — RETAINED BY EMPLOYER

- [MEADEN & MOORE](https://planprovider.pro/provider/meaden-and-moore-ltd) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $392,513

- **Estimated Expense Ratio:** 0.700% 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|$392,513|$78,715|$150,103|—|—|

| 2023|$367,352|$72,596|$150,000|—|—|

| 2022|$413,200|$85,828|$150,000|—|—|

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