Plan Snapshot
- Plan Sponsor: Gainwell Acquisition Corp.
- Sponsor EIN: 851850812
- Sponsor Address: 225 E. JOHN CARPENTER FWY., IRVING, TX, 75062
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 13,019
- Total Assets: $837.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 13,019 | $837.8M | $0 | $0 |
| 2024 | 11,437 | $691.3M | $21.0M | $75.7M |
| 2023 | 10,917 | $559.4M | $19.4M | $71.6M |
| 2022 | 10,615 | $424.4M | $18.6M | $64.5M |
| 2020 | 7,216 | $131.4M | $10.3M | $8.9M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | Recordkeeper | $615,203 | — | $615,203 |
| STRATEGIC ADVISERS LLC | Investment Advisor | $192,444 | — | $192,444 |
| MERCER INVESTMENTS LLC | Investment Advisor | $119,498 | — | $119,498 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $927,145
- Estimated Expense Ratio: 0.111% 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 |
|---|---|---|---|---|---|
| 2025 | $84,378,839 | $192,444 | $1,800 | — | — |
| 2024 | $867,530 | $141,695 | $2,100 | — | — |
| 2023 | $818,565 | $97,718 | $1,800 | $44,520 | — |
| 2022 | $804,336 | $69,034 | — | — | — |
| 2020 | $3,650 | — | — | — | — |