Employers › Gorman
Recordkeeping fees per participant · Gorman 401(k) Plan · plan year 2024
$107.78
Higher than 60% of the 14,075 plans $10 to 50M that report it.
= $73,935 / 686
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250829153721NAL0011428353001, received 2025-08-29
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250829153721NAL0011428353001, received 2025-08-29
Percentiles compare this plan with the Schedule H plans $10 to 50M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-08-29.
Administrative expenses excluding investment management, per participant
$107.78
Higher than 45% of the 24,371 plans $10 to 50M that report it.
= $73,935 / 686
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250829153721NAL0011428353001, received 2025-08-29
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250829153721NAL0011428353001, received 2025-08-29
Administrative expenses per participant
$144.80
Higher than 37% of the 25,098 plans $10 to 50M that report it.
= $99,333 / 686
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250829153721NAL0011428353001, received 2025-08-29
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250829153721NAL0011428353001, received 2025-08-29
Administrative expenses as a share of assets
0.278%
Higher than 48% of the 25,132 plans $10 to 50M that report it.
= $99,333 / $35,773,285
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250829153721NAL0011428353001, received 2025-08-29
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250829153721NAL0011428353001, received 2025-08-29
Employer contributions per participant
$2,487
Higher than 62% of the 24,050 plans $10 to 50M that report it.
= $1,705,884 / 686
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250829153721NAL0011428353001, received 2025-08-29
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250829153721NAL0011428353001, received 2025-08-29
Employer share of total contributions
38.7%
Higher than 82% of the 24,084 plans $10 to 50M that report it.
= $1,705,884 / $4,404,828
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250829153721NAL0011428353001, received 2025-08-29
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250829153721NAL0011428353001, received 2025-08-29
Plan terms are not published in public filings.
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2S pre-approved plan document · 2T default investment (QDIA) · 3D IRS pre-approved plan · 2R participant brokerage window · 3H controlled-group sponsor · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250829153721NAL0011428353001, received 2025-08-29
| Field | Value | Source |
|---|---|---|
| Plan sponsor | GORMAN & COMPANY, LLC | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250829153721NAL0011428353001, received 2025-08-29 |
| Plan name | GORMAN 401(K) PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250829153721NAL0011428353001, received 2025-08-29 |
| Sponsor EIN / plan number | 82-3739186 / 001 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250829153721NAL0011428353001, received 2025-08-29 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250829153721NAL0011428353001, received 2025-08-29 |
| Sponsor location | OREGON, WI | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250829153721NAL0011428353001, received 2025-08-29 |
| Industry (business code) | 531390, Real estate and rental and leasing | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250829153721NAL0011428353001, received 2025-08-29 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250829153721NAL0011428353001, received 2025-08-29 |
| Filing received | 2025-08-29 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250829153721NAL0011428353001, received 2025-08-29 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250829153721NAL0011428353001, received 2025-08-29 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250829153721NAL0011428353001, received 2025-08-29 |
| Participants, beginning of year | 678 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250829153721NAL0011428353001, received 2025-08-29 |
| Active participants | 602 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250829153721NAL0011428353001, received 2025-08-29 |
| Participants, end of year | 714 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250829153721NAL0011428353001, received 2025-08-29 |
| Participants with an account balance | 686 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250829153721NAL0011428353001, received 2025-08-29 |
| Total assets, beginning of year | $29,899,187 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250829153721NAL0011428353001, received 2025-08-29 |
| Total assets, end of year | $35,773,285 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250829153721NAL0011428353001, received 2025-08-29 |
| Net assets, end of year | $35,773,285 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250829153721NAL0011428353001, received 2025-08-29 |
| Total income | $8,622,846 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250829153721NAL0011428353001, received 2025-08-29 |
| Net income | $5,874,098 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250829153721NAL0011428353001, received 2025-08-29 |
| Employer contributions | $1,705,884 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250829153721NAL0011428353001, received 2025-08-29 |
| Participant contributions | $2,451,710 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250829153721NAL0011428353001, received 2025-08-29 |
| Other contributions (incl. rollovers) | $247,234 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250829153721NAL0011428353001, received 2025-08-29 |
| Total contributions | $4,404,828 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250829153721NAL0011428353001, received 2025-08-29 |
| Benefit payments | $2,648,390 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250829153721NAL0011428353001, received 2025-08-29 |
| Total expenses (incl. benefit payments) | $2,748,748 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250829153721NAL0011428353001, received 2025-08-29 |
| Total administrative expenses | $99,333 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250829153721NAL0011428353001, received 2025-08-29 |
| Contract administrator fees | $0 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20250829153721NAL0011428353001, received 2025-08-29 |
| Recordkeeping fees | $73,935 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250829153721NAL0011428353001, received 2025-08-29 |
| IQPA audit fees | $0 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20250829153721NAL0011428353001, received 2025-08-29 |
| Investment advisory and management fees | $25,398 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250829153721NAL0011428353001, received 2025-08-29 |
| Administrative expenses excluding investment management | $73,935 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250829153721NAL0011428353001, received 2025-08-29 |
| Held in master trusts | $0 | Schedule H, line 1c(11) col (b); INT_MASTER_TR_EOY_AMT pos 53; filing 20250829153721NAL0011428353001, received 2025-08-29 |
| Held in common/collective trusts | $0 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250829153721NAL0011428353001, received 2025-08-29 |
| Held in mutual funds | $33,021,415 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250829153721NAL0011428353001, received 2025-08-29 |
| Independent auditor | WEGNER CPAS | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250829153721NAL0011428353001, received 2025-08-29 |
Position = column in the DOL layout for form year 2024. Filing 20250829153721NAL0011428353001, received 2025-08-29.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY Orecordkeeper | RECORDKEEPER | 64 Recordkeeping fees | $73,935 | yes |
| EMPOWER ADVISORY GROUP, LLC | INVESTMENT MGMT | 28 Investment management | $12,683 | no |
| MERRILL LYNCH PIERCE FENNER & SMITH | INVESTMENT ADVISOR | 27 Investment advisory (plan) | $6,526 | no |
| WORLD INVESTMENT ADVISORS LLC | INVESTMENT ADVISOR | 27 Investment advisory (plan) | $6,189 | no |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20250829153721NAL0011428353001, received 2025-08-29.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $29,899,187 | $35,773,285 | 19.6% |
| Participants with a balance | 614 | 686 | 11.7% |
| Administrative expenses | $66,805 | $99,333 | 48.7% |
| Recordkeeping fees per participant | $80.76 | $107.78 | 33.5% |
| Employer contributions | $1,401,621 | $1,705,884 | 21.7% |
Prior filing 20240920150603NAL0007649441001, received 2024-09-20; the plan years are contiguous.
Sponsor name as filed: GORMAN & COMPANY, LLC; SEC registrant: Gorman & Company, LLC (CIK 1730680, matched by EIN).