Group Management Services 401(k) match, vesting and fees
What Group Management Services' 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Transamerica Financial Life Ins Co | Schedule C ↗ |
| Independent auditor | Corrigan Krause (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
| Late participant contributions | Reported on the filing | Schedule H ↗ |
How the plan compares
Plan year 2024 medians for 135 defined-contribution plans in professional, scientific, and technical services with 5,000 to 9,999 participants.
| Group Management Services: employer contribution per participant | $1,871 | |
| Peer median | $2,490 |
| Group Management Services: average balance | $42,339 | |
| Peer median | $122,161 |
| Group Management Services: admin expenses ÷ assets | 0.42% | |
| Peer median | 0.05% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $196M at the end of plan year 2021 to $420M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 18,123 | $420M | $18.5M | $1,871 | 0.42% | Not published | Form 5500 ↗ |
| 2023 | 14,810 | $336M | $13.9M | $1,790 | 0.36% | Not published | Form 5500 ↗ |
| 2022 | 11,996 | $262M | $11.2M | $1,698 | 0.69% | Not published | Form 5500 ↗ |
| 2021 | 5,553 | $196M | $7.2M | $1,407 | 1.00% | Not published | Form 5500 ↗ |
Common questions
Does Group Management Services match 401(k) contributions?
The match terms for the Group Management Services, Inc. 401(k) Profit Sharing Plan & Trust have not been published from its filing yet. The plan year 2024 filing reports $18.5M in employer contributions, about $1,871 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Group Management Services 401(k) match vested?
The vesting schedule for the Group Management Services, Inc. 401(k) Profit Sharing Plan & Trust is not in the data published so far. Your Summary Plan Description states it.
Who manages the Group Management Services 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Transamerica Financial Life Ins Co. The plan administrator is Group Management Services, Inc..
I left Group Management Services. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Group Management Services, Inc., (330) 659-0106) or the recordkeeper, Transamerica Financial Life Ins Co. The Group Management Services old 401(k) page lists the contacts from every plan filing. Find an old Group Management Services 401(k)
Data from the public Form 5500 annual reports Group Management Services filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Group Management Services. Not financial advice. Report a correction · Methodology