401(k)
2022 plan-year 401(k) DOL Form 5500

The Gel Group, Inc. 401(k) Plan

ERISA Form 5500 plan record drawn from DOL EBSA โ€” verify with linked source filings below.

Sponsored by The Gel Group, Inc. ยท South Carolina ยท Professional & Technical Services

What the 2023 filing shows

The Gel Group, Inc. 401(k) Plan holds $31M for 312 participants - about $99,631 per participant, down 15.9% over the 2022 plan year.

$31M
total plan assets (2022 EOY)
312
covered participants
$99,631
avg assets per participant
-15.9%
assets change YoY

The plan reported a net loss of $6M for the year โ€” a single-year figure driven by markets and benefit payments, not a measure of plan health.

Total Assets (2023)
$31M
Participants
312
Industry
Professional & Technical Services

What the Filing Says About The Gel Group, Inc. 401(k) Plan

The Gel Group, Inc. 401(k) Plan is a 401(k) retirement plan sponsored by The Gel Group, Inc., headquartered in South Carolina. As of the 2022 Form 5500 filing, the plan reports $31M in total end-of-year assets and covers 312 participants across the Professional & Technical Services industry. The sponsor's EIN on file with the U.S. Department of Labor is 570713831, and the plan has been effective since 1989-01-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $37M at the beginning of 2022 to $31M at year-end โ€” a decline of 15.9%. Net assets (after liabilities) closed the year at $31M, with reported net income of $-5,866,076 driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows โ€” a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

Financial Summary (2023)

Total Assets (Beginning of Year)$37M
Total Assets (End of Year)$31M
Net Assets (End of Year)$31M
Net Income$-5,866,076
Plan Type401(k)
Employer EIN570713831
Plan Effective Date1989-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (The Gel Group, Inc.)

Year Plans Participants Total Assets
2022 1 312 $31M
2023 1 343 $36M
2024 1 357 $43M

Nearby 401(k) Plans in South Carolina

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Frequently Asked Questions

How much money is in the The Gel Group, Inc. 401(k) Plan?
As of the 2022 Form 5500 filing, The Gel Group, Inc. 401(k) Plan holds $31M in total assets with 312 participants. It is sponsored by The Gel Group, Inc..
What type of plan is The Gel Group, Inc. 401(k) Plan?
The Gel Group, Inc. 401(k) Plan is a 401(k) plan. It has been effective since 1989-01-01. The plan is filed with the U.S. Department of Labor under EIN 570713831.
Who sponsors the The Gel Group, Inc. 401(k) Plan?
The Gel Group, Inc. 401(k) Plan is sponsored by The Gel Group, Inc., located in South Carolina. The sponsor's EIN is 570713831 and the plan operates in the Professional & Technical Services industry.
How did The Gel Group, Inc. 401(k) Plan perform in 2022?
The Gel Group, Inc. 401(k) Plan declined by 15.9% during 2022, moving from $37M to $31M in total assets. Net income was $-5,866,076.
Where can I find official filings for The Gel Group, Inc. 401(k) Plan?
Official Form 5500 filings for The Gel Group, Inc. 401(k) Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 570713831 or plan name at efast.dol.gov.
How does The Gel Group, Inc. 401(k) Plan compare to other plans?
You can compare The Gel Group, Inc. 401(k) Plan against other 401(k) plans on the plan type page, or view plans in South Carolina on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.

Explore PlainRetire

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) โ€” original filing retrieval by EIN 570713831.

Reference: IRS Publication 560 โ€” Retirement Plans for Small Business, contribution-limit rules.

Reference: IRS Publication 590-B โ€” Distributions from IRAs, RMD rules under SECURE Act 2.0.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.