Gls Industries, Inc. 401(K) Plan — Form 5500 plan (Gls Industries, Inc.)
Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Gls Industries, Inc. 401(K) Plan is a benefit plan reported by Gls Industries, Inc. under EIN 41-1665692 and plan number 001. The latest loaded filing year is 2023. The filing reports 120 participants and $10,903,428 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$10.9MPlan net assets, end of year$10,891,567
Participants120Covered participants reported
Assets / participant$90.9KComputed: assets ÷ participants$90,862 (computed)
Provider compensation$29.8K3 Schedule C provider row(s)$29,776
- Plan sponsor
- Gls Industries, Inc.
- EIN
- 41-1665692
- Plan number
- 001
- Plan type
- 2
- Location
- Rochester, MN
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 120 | H, C | 20250515050342NAL0014533859001 |
Schedule H · 2023
Reported financial statement
Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.
Reported balance (end of year)$10.9M total assets
Net assets$10.9MLiabilities$11.9K
Full reported line items
Net assets
- Total assets (EOY)
- $10,903,428
- Total liabilities (EOY)
- $11,861
- Net assets (EOY)
- $10,891,567
- Net assets (BOY)
- $9,262,180
Income & contributions
- Employer contributions
- $181,486
- Participant contributions
- $688,538
- Total contributions
- $878,768
- Total income / additions
- $2,562,224
Expenses & distributions
- Benefits paid
- $857,818
- Administrative expenses
- $47,013
- Total expenses
- $932,837
- Net increase / (decrease)
- $1,629,387
Computed from reported fields
Reported ratios
Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.
21%79%
Employer 21%Participant 79%
Total expenses ÷ net assets9%Computed ratio
Benefits paid ÷ total income33%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Princor Financial Services Corporat | INVESTMENT/FINANCIAL ADVI | $17,229 | $0 | 2023 |
| Adp, Inc. | RECORD KEEPER | $12,547 | $0 | 2023 |
| Mesirow Financial Investment Manage | INVESTMENT/FINANCIAL ADVI | $0 | $0 | 2023 |