Employers › Gorman-Rupp
Recordkeeping fees per participant · The Gorman-rupp Company 401(k) Plan · plan year 2024
$19.90
Higher than 18% of the 5,847 plans $50 to 250M that report it.
= $28,977 / 1,456
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250709124049NAL0008092816001, received 2025-07-09
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250709124049NAL0008092816001, received 2025-07-09
Percentiles compare this plan with the Schedule H plans $50 to 250M 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 2025-07-09.
Administrative expenses excluding investment management, per participant
$75.96
Higher than 39% of the 8,758 plans $50 to 250M that report it.
= $110,601 / 1,456
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250709124049NAL0008092816001, received 2025-07-09
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250709124049NAL0008092816001, received 2025-07-09
Administrative expenses per participant
$75.96
Higher than 26% of the 9,042 plans $50 to 250M that report it.
= $110,601 / 1,456
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250709124049NAL0008092816001, received 2025-07-09
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250709124049NAL0008092816001, received 2025-07-09
Administrative expenses as a share of assets
0.090%
Higher than 34% of the 9,049 plans $50 to 250M that report it.
= $110,601 / $122,587,365
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250709124049NAL0008092816001, received 2025-07-09
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250709124049NAL0008092816001, received 2025-07-09
Employer contributions per participant
$3,320
Higher than 60% of the 9,105 plans $50 to 250M that report it.
= $4,834,285 / 1,456
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250709124049NAL0008092816001, received 2025-07-09
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250709124049NAL0008092816001, received 2025-07-09
Employer share of total contributions
41.1%
Higher than 79% of the 9,112 plans $50 to 250M that report it.
= $4,834,285 / $11,751,166
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250709124049NAL0008092816001, received 2025-07-09
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250709124049NAL0008092816001, received 2025-07-09
Vesting
“Vesting in the Company age and service contribution is based on years of continuous service; a participant is 100% vested after three years of service.”
Form 11-K filed 2026-06-23, for the year ended 2025-12-31 · plan description note, vesting · source document
Automatic enrollment
“New hires are auto-enrolled in the Plan with employee deferrals at 6%.”
Form 11-K filed 2026-06-23, for the year ended 2025-12-31 · plan description note, contributions · source document
Terms quoted from the filing for the year ended 2025-12-31. Figures cover plan year 2024. The plan document governs.
2E profit-sharing · 2F ERISA 404(c) plan · 2H partially participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2S pre-approved plan document · 2T default investment (QDIA) · 3H controlled-group sponsor · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250709124049NAL0008092816001, received 2025-07-09
| Field | Value | Source |
|---|---|---|
| Plan sponsor | THE GORMAN-RUPP COMPANY | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250709124049NAL0008092816001, received 2025-07-09 |
| Plan name | THE GORMAN-RUPP COMPANY 401K PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250709124049NAL0008092816001, received 2025-07-09 |
| Sponsor EIN / plan number | 34-0253990 / 005 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250709124049NAL0008092816001, received 2025-07-09 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250709124049NAL0008092816001, received 2025-07-09 |
| Sponsor location | MANSFIELD, OH | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250709124049NAL0008092816001, received 2025-07-09 |
| Industry (business code) | 333200, Manufacturing | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250709124049NAL0008092816001, received 2025-07-09 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250709124049NAL0008092816001, received 2025-07-09 |
| Filing received | 2025-07-09 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250709124049NAL0008092816001, received 2025-07-09 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250709124049NAL0008092816001, received 2025-07-09 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250709124049NAL0008092816001, received 2025-07-09 |
| Participants, beginning of year | 1,577 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250709124049NAL0008092816001, received 2025-07-09 |
| Active participants | 1,278 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250709124049NAL0008092816001, received 2025-07-09 |
| Participants, end of year | 1,506 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250709124049NAL0008092816001, received 2025-07-09 |
| Participants with an account balance | 1,456 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250709124049NAL0008092816001, received 2025-07-09 |
| Total assets, beginning of year | $97,478,963 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250709124049NAL0008092816001, received 2025-07-09 |
| Total assets, end of year | $122,587,365 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250709124049NAL0008092816001, received 2025-07-09 |
| Net assets, end of year | $122,587,365 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250709124049NAL0008092816001, received 2025-07-09 |
| Total income | $23,895,661 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250709124049NAL0008092816001, received 2025-07-09 |
| Net income | $14,354,698 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250709124049NAL0008092816001, received 2025-07-09 |
| Employer contributions | $4,834,285 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250709124049NAL0008092816001, received 2025-07-09 |
| Participant contributions | $6,592,622 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250709124049NAL0008092816001, received 2025-07-09 |
| Other contributions (incl. rollovers) | $324,259 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250709124049NAL0008092816001, received 2025-07-09 |
| Total contributions | $11,751,166 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250709124049NAL0008092816001, received 2025-07-09 |
| Benefit payments | $9,429,155 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250709124049NAL0008092816001, received 2025-07-09 |
| Total expenses (incl. benefit payments) | $9,540,963 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250709124049NAL0008092816001, received 2025-07-09 |
| Total administrative expenses | $110,601 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250709124049NAL0008092816001, received 2025-07-09 |
| Recordkeeping fees | $28,977 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250709124049NAL0008092816001, received 2025-07-09 |
| Administrative expenses excluding investment management | $110,601 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250709124049NAL0008092816001, received 2025-07-09 |
| Held in common/collective trusts | $4,875,066 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250709124049NAL0008092816001, received 2025-07-09 |
| Held in mutual funds | $104,992,052 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250709124049NAL0008092816001, received 2025-07-09 |
| Independent auditor | MEADEN & MOORE | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250709124049NAL0008092816001, received 2025-07-09 |
Position = column in the DOL layout for form year 2024. Filing 20250709124049NAL0008092816001, received 2025-07-09.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER AND Srecordkeeper | RECORDKEEPER | 15 Recordkeeping and information management; 52 Investment management fees paid indirectly by plan; 59 Shareholder servicing fees; 60 Sub-transfer agency fees; 62 Float revenue; 71 Securities brokerage commissions and fees; 72 Other investment fees and expenses | $28,977 | yes |
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 20250709124049NAL0008092816001, received 2025-07-09.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $97,478,963 | $122,587,365 | 25.8% |
| Participants with a balance | 1,410 | 1,456 | 3.3% |
| Administrative expenses | $224,394 | $110,601 | -50.7% |
| Recordkeeping fees per participant | $20.55 | $19.90 | -3.2% |
| Employer contributions | $4,034,587 | $4,834,285 | 19.8% |
Prior filing 20240624113315NAL0008710224001, received 2024-06-24; the plan years are contiguous.
Sponsor name as filed: THE GORMAN-RUPP COMPANY; SEC registrant: GORMAN RUPP CO (CIK 42682, matched by EIN; display name from the Form 11-K cover).