# Gal-Tex Hotel Corp. DB Plan
Source: https://planprovider.pro/companies/gal-tex-hotel-corp-plan

> Gal-Tex Hotel Corp.'s DB plan: 232 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Gal-Tex Hotel Corp.

- **Sponsor EIN:** 740637442

- **Sponsor Address:** P.O. BOX 59, GALVESTON, TX, 77553

- **Plan Type:** DB

- **Total Participants:** 232

- **Total Assets:** $21.9M

## Key Plan Design Features

- **Auto-Enrollment:** No

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** No

- **ERISA Section 404(c) Fiduciary Safe Harbor:** No

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|232|$21.9M|$845,102|$430,816|

| 2023|224|$20.3M|$943,149|$407,968|

| 2022|187|$16.0M|$939,150|$340,257|

## 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|

| WITHUMSMITH+BROWN, PC|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [WITHUMSMITH+BROWN, PC](https://planprovider.pro/provider/withumsmithbrown-pc) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $0

### 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|$31,346|—|$31,346|—|—|

| 2023|$31,325|—|$31,325|—|—|

| 2022|$33,765|—|—|—|$33,765|

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