# Galati Yacht Sales, LLC 401(k) Plan
Source: https://planprovider.pro/companies/galati-yacht-sales-llc-401k-plan

> Galati Yacht Sales, LLC's 401(k) plan: 136 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Galati Yacht Sales, LLC

- **Sponsor EIN:** 203773052

- **Sponsor Address:** 900 S. BAY BLVD., ANNA MARIA, FL, 34216

- **Plan Type:** 401(k)

- **Total Participants:** 136

- **Total Assets:** $19.0M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** No

- **ERISA Section 404(c) Fiduciary Safe Harbor:** Yes

## Plan Financials by Year

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

| 2024|136|$19.0M|$126,621|$769,355|

| 2023|130|$16.6M|$126,756|$793,428|

| 2022|139|$13.6M|$123,985|$816,684|

## 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|

| KSDT CPA|Auditor|—|—|$0|

## 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|$69,241|—|$42,255|—|—|

| 2023|$56,642|—|$36,957|—|—|

| 2022|$48,995|$14,584|$34,411|—|—|

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