Gmrg Acq 1, LLC 401(k) Review & Grade
Gmrg 401(k) Plan
Overland Park, KSAccommodation & Food Services694 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$224Employer $ per active participant
$398Employee $ saved per active participant
0.67%Direct admin cost, % of plan assets
$3.7MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity22.2 / 5044th percentile for employer $ per participant
- Low cost3.5 / 2514th percentile for low admin cost vs. same-size plans
- Employee saving3.7 / 1525th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score32 / 100 · Grade D
This plan vs. peers
Peers: Accommodation & Food Services plans with 500–2,499 active participants (458 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 44th |
| Lower admin cost | 14th |
| Employee saving | 25th |
| Peers that auto-enroll | 17% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Gmrg Acq 1 put in about $224 per active participant, below the typical peer ($266). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Direct plan expenses (0.67% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $155,000 |
| Participant (employee) contributions | $275,796 |
| Other contributions (incl. rollovers in) | $0 |
| Administrative expenses paid from the plan | $24,250 |
| Contract administrator fees | $12,633 |
| Investment advisory & management fees | $726 |
| Benefits paid out | $621,322 |
| Net assets, start / end of year | $3.5M / $3.7M |
| Active participants, start / end of year | 724 / 663 |
| Participants with account balances | 108 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | SSC Cpas PA |
Largest service providers (Schedule C)
| Nationwide | $11,059 reported compensation |
| Aps - Pentegra | $9,076 reported compensation |
| Morgan Stanley Smith Barney LL | $8,966 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014101923NAL0002504993001, received 2025-10-14, EIN 82-2381178, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.