Plan Snapshot
- Plan Sponsor: Gage Brothers Concrete Products INC
- Sponsor EIN: 460213879
- Sponsor Address: 2810 N BAHNSON AVE, SIOUX FALLS, SD, 57104
- Plan Type: 401(k)
- Total Participants: 255
- Total Assets: $5.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 255 | $5.3M | $0 | $424,934 |
| 2023 | 255 | $4.6M | $0 | $413,976 |
| 2022 | 263 | $4.7M | $2,648 | $456,897 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| FIRST BANK & TRUST | Other Service Provider | $21,780 | — | $21,780 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $21,780
- Estimated Expense Ratio: 0.412% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $21,780 | — | $21,780 | — | — |
| 2023 | $21,205 | — | $21,205 | — | — |
| 2022 | $19,824 | — | $19,824 | — | — |