Retirement plan

GMRG 401(K) PLAN

Name: GMRG ACQ 1, LLC - GMRG 401(K) PLAN (2024) Form 5500
Creator: GMRG ACQ 1, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GMRG 401(K) PLAN, GMRG ACQ 1, LLC

GMRG ACQ 1, LLCEIN 82-2381178Plan #001PY 2024

10880 BENSON DR STE 2320 - OVERLAND PARK, KS 662101525913-318-8485

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$3.7M

+6.1% from 2023

Total participants

691

-0.3% from 2023

Average account balance

$34,353

+11.0% from 2023

Annual return

11.52%

-1.68 pp from 2023

Benchmarks

See 937 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants250-999

Cohort937 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$3.71M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$34K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

108

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

12.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$431K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$650

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+11.52%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$225

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

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Service providers

Top 6 by compensation

Provider	Service type	Compensation
NATIONWIDE5 years Service code 13 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Contract Administrator	$11,059
PENTEGRA SERVICES, INC.4 years Filed as: APS - PENTEGRA Service code 14 · EIN 13-3892096 5350 SEVENTY SEVEN CENTER DRIVE · CHARLOTTE, NC 28217	Plan Administrator	$9,076
MORGAN STANLEY SMITH BARNEY3 years Filed as: MORGAN STANLEY SMITH BARNEY LL Service code 27 1 NEW YORK PLAZA, 12TH FL · NEW YORK, NY 10004	Advisory (Plan)	$8,966
PENTEGRA SERVICES, INC.5 years Filed as: PENTEGRA SERVICES INC Service code 14 · EIN 13-3745616 6830 COMMERCE COURT DR · BLACKLICK, OH 43004	Plan Administrator	$1,816
PROACCOUNT1 year Service code 27 · EIN 73-0988442 10 W NATIONWIDE BLVD · COLUMBUS, OH 43215	Advisory (Plan)	$1,574
IRON-CO-FID-COMPREHENSIVE4 years Filed as: IRON-CO-FID Service code 49 · EIN 26-2409128 5440 W 110TH ST · SHAWNEE MISSION, KS 66211	Other Services	$726

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$24K

$37 / participant

Recordkeeping$11K44.9%
Investment mgmt$7263.0%
Contract admin$13K52.1%

% of EOY assets

0.654%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SSC CPAS PA
Auditor EIN: 048121558
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$34,353

$29,525+16.4%

$56,033-38.7%

$77,736-55.8%

Participation rate

12.1%

32.7%-20.6pp

52.5%-40.4pp

70.6%-58.5pp

Annual return

11.52%

18.90%-7.4pp

1711.38%-1699.9pp

31.26%-19.7pp

Employer contribution / active EE

$234

$569-58.9%

$1,041-77.5%

$2,728-91.4%

Participant deferral / active EE

$416

$1,062-60.8%

$1,954-78.7%

$4,651-91.1%

Admin fee / account holder

$225

$1,040-78.4%

$2,827-92.1%

$433-48.2%

Provider

Service type

Compensation

NATIONWIDE5 years

Service code 13

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Contract Administrator

$11,059

PENTEGRA SERVICES, INC.4 years

Filed as: APS - PENTEGRA

Service code 14 · EIN 13-3892096

5350 SEVENTY SEVEN CENTER DRIVE · CHARLOTTE, NC 28217

Plan Administrator

$9,076

MORGAN STANLEY SMITH BARNEY3 years

Filed as: MORGAN STANLEY SMITH BARNEY LL

Service code 27

1 NEW YORK PLAZA, 12TH FL · NEW YORK, NY 10004

Advisory (Plan)

$8,966

PENTEGRA SERVICES, INC.5 years

Filed as: PENTEGRA SERVICES INC

Service code 14 · EIN 13-3745616

6830 COMMERCE COURT DR · BLACKLICK, OH 43004

Plan Administrator

$1,816

PROACCOUNT1 year

Service code 27 · EIN 73-0988442

10 W NATIONWIDE BLVD · COLUMBUS, OH 43215

Advisory (Plan)

$1,574

IRON-CO-FID-COMPREHENSIVE4 years

Filed as: IRON-CO-FID

Service code 49 · EIN 26-2409128

5440 W 110TH ST · SHAWNEE MISSION, KS 66211

Other Services

$726

GMRG 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GMRG 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion