GP Strategies Corporation 401(k) Review & Grade
GP Retirement Savings Plan
Columbia, MDProfessional, Scientific & Technical Services1,592 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,619Employer $ per active participant
$6,547Employee $ saved per active participant
0.21%Direct admin cost, % of plan assets
$169.0MNet plan assets, end of year
$86,905Average balance per account
Score breakdown
- Employer generosity14.1 / 5028th percentile for employer $ per participant
- Low cost13.4 / 2553th percentile for low admin cost vs. same-size plans
- Employee saving4.9 / 1533th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score42 / 100 · Grade D
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 28th |
| Lower admin cost | 53th |
| Employee saving | 33th |
| Peers that auto-enroll | 48% |
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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
- GP Strategies put in about $1,619 per active participant, below the typical peer ($3,082). 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.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $2,577,952 |
| Participant (employee) contributions | $10,426,795 |
| Other contributions (incl. rollovers in) | $514,191 |
| Administrative expenses paid from the plan | $364,877 |
| Investment advisory & management fees | $113,584 |
| Other admin expenses | $28,330 |
| Benefits paid out | $27,141,958 |
| Net assets, start / end of year | $185.5M / $169.0M |
| Active participants, start / end of year | 1,636 / 1,549 |
| Participants with account balances | 1,945 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Baker Tilly, US LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $222,963 reported compensation |
| Morgan Stanley | $113,584 reported compensation |
| GP Strategies Corporation | $28,030 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013153534NAL0000782051001, received 2025-10-13, EIN 52-0845774, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.