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GMS HOLDINGS INC EMPLOYEE STOCK OWNERSHIP PLAN 401k Plan overview

Plan NameGMS HOLDINGS INC EMPLOYEE STOCK OWNERSHIP PLAN
Plan identification number 001

GMS HOLDINGS INC EMPLOYEE STOCK OWNERSHIP PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Stock bonus
  • Leveraged ESOP - An ESOP that acquires employer securities with borrowed money or other debt-financing techniques. A completed Schedule E must be attached to a Form 5500 filed for an ESOP.
  • Plan requiring that all or part of employer contributions be invested and held, at least for a limited period, in employer securities.

401k Sponsoring company profile

GMS HOLDINGS INC has sponsored the creation of one or more 401k plans.

Company Name:GMS HOLDINGS INC
Employer identification number (EIN):886739084
NAIC Classification:213110
NAIC Description: Support Activities for Mining

Form 5500 Filing Information

Submission information for form 5500 for 401k plan GMS HOLDINGS INC EMPLOYEE STOCK OWNERSHIP PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01

Plan Statistics for GMS HOLDINGS INC EMPLOYEE STOCK OWNERSHIP PLAN

401k plan membership statisitcs for GMS HOLDINGS INC EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2022: GMS HOLDINGS INC EMPLOYEE STOCK OWNERSHIP PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01690
Total number of active participants reported on line 7a of the Form 55002022-01-01400
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-0184
Total of all active and inactive participants2022-01-01484
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-01484
Number of participants with account balances2022-01-01477
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-01232

Financial Data on GMS HOLDINGS INC EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2022 : GMS HOLDINGS INC EMPLOYEE STOCK OWNERSHIP PLAN 2022 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2022-12-31$-101,436,730
Total unrealized appreciation/depreciation of assets2022-12-31$-101,436,730
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$114,787,736
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Expenses. Interest paid2022-12-31$966,006
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022022-12-31$966,006
Total income from all sources (including contributions)2022-12-31$-93,064,032
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$966,006
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$8,372,698
Value of total assets at end of year2022-12-31$27,182,698
Value of total assets at beginning of year2022-12-31$6,425,000
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$0
Total interest from all sources2022-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$250,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2022-12-31$114,787,736
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-94,030,038
Value of net assets at end of year (total assets less liabilities)2022-12-31$-87,605,038
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$6,425,000
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Assets. Invements in employer securities at end of year2022-12-31$18,810,000
Contributions received in cash from employer2022-12-31$8,372,698
Employer contributions (assets) at end of year2022-12-31$8,372,698
Employer contributions (assets) at beginning of year2022-12-31$6,425,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$0
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Accountancy firm name2022-12-31BRADY, WARE AND SCHOENFELD, INC.
Accountancy firm EIN2022-12-31351476702

Form 5500 Responses for GMS HOLDINGS INC EMPLOYEE STOCK OWNERSHIP PLAN

2022: GMS HOLDINGS INC EMPLOYEE STOCK OWNERSHIP PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01First time form 5500 has been submittedYes
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes

Potentially related plans

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