401(k) · DOL Form 5500 · 2023

Gls Industries, Inc. 401(k) Plan

Data updated 2026-08-25

$11M
Total assets Small plan by assets
104
Participants Small participant base
60th
Percentile by assets National rank
$104,841
Avg per participant Below avg balance/head
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Official DOL plan name: Gls Industries, Inc. 401(k) Plan · Sponsored by Gls Industries, Inc. · Minnesota · Manufacturing

$11M in assets, 104 participants

Gls Industries, Inc.'s Gls Industries, Inc. 401(k) Plan reported $11M in total assets and 104 participants in its 2023 DOL Form 5500 filing, ranking in the 60th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #8,803 in Manufacturing (18,722 peers)

Coverage in Minnesota

Gls Industries, Inc. 401(k) Plan covers 104 participants in Minnesota, about 9% of the average Minnesota filer (state average ~1,126 per filing). Assets: $11M.

#8,803
in Manufacturing (18,722 peers)
+17.4%
assets growth YoY

Gls Industries, Inc. 401(k) Plan's mid-pack asset rank among Manufacturing and all filers

Gls Industries, Inc. 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$10,903,428 Top 40% higher than 60% of 127,068 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Gls Industries, Inc. 401(k) Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Gls Industries, Inc. 401(k) Plan sits mid-pack in the medium band (104 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Gls Industries, Inc. 401(k) Plan reported net income rose from -$2M in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • Gls Industries, Inc. 401(k) Plan end-of-year assets rose from $9M in the plan year 2022 filing to $11M in the plan year 2023 filing.
  • Gls Industries, Inc. 401(k) Plan reported participants fell from 107 in the plan year 2022 filing to 104 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 411665692 · Gls Industries, Inc. PY 2023 · 401(k)

Gls Industries, Inc. 401(k) Plan · $11M · 104 · 60th

  • RANK $11M
  • RANK 104
  • RANK 60th
  • RANK 401(k)
  • RANK near Ims Technology Services, Inc. 401(k) Plan
  • RANK ind #8803

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Manufacturing retirement plans → · Plans in Minnesota →

Gls Industries, Inc. 401(k) Plan in the asset neighbourhood

Gls Industries, Inc. 401(k) PlanGls Industries, Inc. 401(k) …$11MIms Technology Services, Inc. 401(k) PlanIms Technology Services, Inc…$11MTrulife, Inc. 401(k) Savings PlanTrulife, Inc. 401(k) Savings…$11MAce/Avant 401(k) Retirement PlanAce/Avant 401(k) Retirement …$11MEmployee Savings/Ps Plan of General Fasteners CompanyEmployee Savings/Ps Plan of …$11M
End-of-year total assets ($M) among Gls Industries, Inc. 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Minnesota filing particulars

Total Assets (Beginning of Year)$9M
Net Assets (End of Year)$11M
Net Income$2M
Employer EIN411665692
Plan Effective Date1996-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Gls Industries, Inc.)

Sponsor-wide plan assets over time

All Gls Industries, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$13M 37.91696195660369% vs 2022
2024 filing year
$8M$10M$12M$14M 202220232024 $9.28M $12.8M ▲ +38.0%
Year Plans Participants Total Assets
2022 1 107 $9M
2023 1 104 $11M
2024 1 104 $13M

Nearby 401(k) Plans in Minnesota

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Gls Industries, Inc. 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -50510152025 Total assets ($B) Participants Gls Industries, Inc. 401(k) Plan, Total assets ($B): 0.010903428 · Participants: 104Gls Industries, Inc. 401(k) PlanUnitedhealth Group 401(k) Savings Plan, Total assets ($B): 22.432100178 · Participants: 198972Unitedhealth Group 401(k) Savings PlanTarget Corporation 401(k) Plan, Total assets ($B): 13.008265857 · Participants: 432617Target Corporation 401(k) PlanMedtronic Savings and Investment Plan, Total assets ($B): 12.931979 · Participants: 44342Medtronic Savings and Investment Plan3M Voluntary Investment Plan and Employee Stock Ownership Plan, Total assets ($B): 12.04661588 · Participants: 360493M Voluntary Investment Plan and Employee Stock Ownership PlanU.S. Bank 401(k) Savings Plan, Total assets ($B): 10.271161911 · Participants: 75272U.S. Bank 401(k) Savings Plan
Gls Industries, Inc. 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Gls Industries, Inc. 401(k) Plan side-by-side with 3 peers →

Gls Industries, Inc. 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is Ims Technology Services, Inc. 401(k) Plan in PA ($11M); by covered participants it is Penn Automotive, Inc. 401(k) Plan in MI (104 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($11M here).

Similar participant headcount

Nearest other-state filings by covered participants (104 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Gls Industries, Inc. 401(k) Plan assets move in 2023? ▼
Gls Industries, Inc. 401(k) Plan grew sharply - up 17.4% during 2023, from $9M to $11M. Reported net income was $2M.
How have Gls Industries, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Gls Industries, Inc.'s sponsor-wide assets grew 37.9%, from $9M to $13M.
Which 401(k) plans are similar in size to Gls Industries, Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Ims Technology Services, Inc. 401(k) Plan in PA ($11M, 116 participants).
Which 401(k) plans cover a similar participant headcount to Gls Industries, Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Penn Automotive, Inc. 401(k) Plan in MI (104 participants, N/A in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 411665692.

Read our methodology - how this data is sourced, computed, and verified.

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