Department of Labor filing

GORMAN & COMPANY, LLC

GORMAN 401(K) PLAN · For the plan year ended Dec 31, 2024

Public filing 2024 · received Aug 29, 2025Verified current terms Not available

Plan at a glance

How good does the filing look?

67filing comparison
out of 100

The filing looks somewhat better than typical peers on the measures we can compare. This is a filing comparison, not a complete benefits score.

$Employer support

$2,834

Reported employer contributions per active participant.

Higher than about 85% of comparable plans

#People in the filing

602

Active participants reported for 2024.

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

¢Visible plan-paid fees

$147 / participant

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

Lower cost than about 26% of comparable plans

↗Investment performance

Not available

Plan assets changed 19.6%, 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 · 202467out of 100 among similar-size plans in the same industry when enough peers exist

How this filing compares

Reported employer contributions85th percentileTypical peer $1,145 · based on 241 comparable plans

Lower reported administrative expense26th percentileTypical peer $91 · based on 244 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, GORMAN & COMPANY, LLC reported $1,705,884 in employer contributions across the plan and 602 active participants. That works out to $2,834 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 proxy84%

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 trendDown 40.7%

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

Expense trendUp 29.3%

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

Peer context67/100

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: $1,705,884
Participant contributions: $2,451,710
Other contributions: $247,234
Employer share of reported contributions: 41.0%
Beginning assets: $29,899,187
Ending assets: $35,773,285
Ending net assets: $35,773,285
Ending liabilities: $0
Total income: $8,622,846
Total expenses: $2,748,748
Administrative expenses: $99,333
Participant loans: $418,250

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

$4,778

2023

$2,743

2024

$2,834

Plan-paid administrative expenses per participant

2022

$113

2023

$120

2024

$147

Active participants

2022

445

2023

511

2024

602

Detailed filing history
Plan year	Per active participant	Active participants	Plan assets	Filing ID
2024	$2,834	602	35.8M	20250829153721NAL0011428353001
2023	$2,743	511	29.9M	20240920150603NAL0007649441001
2022	$4,778	445	23M	20231005134456NAL0029215328001

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: 1.2%
Independent accountant’s opinion: Unqualified opinion Code 1
Late participant contributions reported: Not stated in the filing
Public plan identifier: 823739186-001

Reported plan details

Identity and filing status

Plan type: Retirement plan
Employer arrangement: Single-employer plan
Plan effective date: Aug 1, 1989
Industry: Real estate
Amended filing: No
Final filing for this plan: No
Short plan year: No
401(k) feature reported: Yes
Show DOL characteristic codes
2E2F2G2J2K2S2T3D3H2R

Current plan terms

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Filing ACK_ID20250829153721NAL0011428353001

Data sourceDOL Form 5500 bulk data ↗

Filing searchEFAST2 ↗