Department of Labor filing

GFS CHEMICALS, INC.

GFS CHEMICALS, INC. PROFIT SHARING AND 401(K) RETIREMENT PLANS · For the plan year ended Dec 31, 2024

Spot something wrong?

Public filing 2024 · received Jul 2, 2025Verified current terms Not available

Plan at a glance

How good does the filing look?

56filing comparison
out of 100

The filing looks broadly typical among comparable plans. This is a filing comparison, not a complete benefits score.

$Employer support

$4,902

Reported employer contributions per active participant.

Higher than about 66% of comparable plans

#People in the filing

146

Active participants reported for 2024.

The filing does not say how many employees are currently contributing.

¢Visible plan-paid fees

$225 / participant

Reported administrative expense—not every fee an employee may pay.

Lower cost than about 33% of comparable plans

↗Investment performance

Not available

Plan assets changed 15.0%, but that includes contributions, withdrawals, and market movement.

Asset change is not investment performance.

What we still need to judge the benefit

Current match formula, vesting, eligibility, investment choices, fund expense ratios, and employee-level fees.

See missing terms ↓

Filing comparison · 202456out of 100 among similar-size plans in the same industry when enough peers exist

How this filing compares

Reported employer contributions66th percentileTypical peer $3,557 · based on 507 comparable plans

Lower reported administrative expense33rd percentileTypical peer $151 · based on 492 comparable plans

This comparison uses historical filing figures. It does not compare current match formulas, vesting, investments, or employee fees.

The short version

What the latest filing tells us

For the plan year ended Dec 31, 2024, GFS CHEMICALS, INC. reported $715,644 in employer contributions across the plan and 146 active participants. That works out to $4,902 per active participant. It is useful context, but it is not the current match formula and it does not show what any one employee received.

Participation proxy77%

Active participants divided by all end-of-year plan participants. This is not the company participation rate because the filing does not report every eligible employee.

Employer money trendUp 1.9%

Change in reported employer contribution per active participant across the filing history shown.

Expense trendDown 29.2%

Change in reported administrative expense per participant. Investment expenses may not be included.

Peer context56/100

A filing comparison among similar-size plans in the same industry when enough peers exist.

Where the public filing stops

Current match, vesting, eligibility, employee fees, and investment choices require a dated plan document. Until we have one, those details stay blank.

Latest financial record

Contributions, assets, and expenses

These figures are reported totals for the plan—not individual account balances or promises to any employee.

Employer contributions: $715,644
Participant contributions: $532,027
Other contributions: $325,296
Employer share of reported contributions: 57.4%
Beginning assets: $15,932,926
Ending assets: $18,325,967
Ending net assets: $18,325,967
Ending liabilities: $0
Total income: $4,064,958
Total expenses: $1,671,917
Administrative expenses: $36,922
Participant loans: $111,099

Three-year filing history

How the reported figures changed

Each chart uses its own scale and starts at zero. When the filing has no value, the chart says so rather than turning it into a zero.

Employer contributions reported per active participant

2022

$4,809

2023

$5,722

2024

$4,902

Plan-paid administrative expenses per participant

2022

$318

2023

$218

2024

$225

Active participants

2022

119

2023

117

2024

146

Detailed filing history
Plan year	Per active participant	Active participants	Plan assets	Filing ID
2024	$4,902	146	18.3M	20250702075310NAL0013368209001
2023	$5,722	117	15.9M	20240703092221NAL0013316626001
2022	$4,809	119	15.6M	20230605123511NAL0035125712001

Changes in plan assets are not the same as investment performance. Each row uses the selected public filing for that year.

Plan operations

Details worth knowing

Participant loans as a share of plan assets: 0.6%
Independent accountant’s opinion: Unqualified opinion Code 1
Late participant contributions reported: Yes
Public plan identifier: 314405875-002

Reported plan details

Identity and filing status

Plan type: Retirement plan
Employer arrangement: Single-employer plan
Plan effective date: Apr 1, 1979
Industry: Industry group 325
Amended filing: No
Final filing for this plan: No
Short plan year: No
401(k) feature reported: Yes
Show DOL characteristic codes
2F2G2J2K2S2T2E3D

Reported service providers

Organizations named in the latest filing

The public dataset does not always identify a provider’s exact role. Compensation stays blank when it was not separately reported.

Provider	Plan year	Direct compensation	Indirect compensation
FIDELITY INVESTMENTS INSTITUTIONAL	2024	Not reported	unknown

Current plan terms

Help fill the gap the filing leaves.

If you have a current SPD, fee disclosure, or enrollment guide, you can share it with us. We check the source and date before adding anything to the profile.

Share a document →

Filing ACK_ID20250702075310NAL0013368209001

Data sourceDOL Form 5500 bulk data ↗

Filing searchEFAST2 ↗