Plan Snapshot
- Plan Sponsor: Gale Banks Engineering
- Sponsor EIN: 952687960
- Sponsor Address: 546 DUGGAN AVE, AZUSA, CA, 91702
- Plan Type: 401(k)
- Total Participants: 134
- Total Assets: $11.6M
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: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 134 | $11.6M | $181,848 | $688,306 |
| 2023 | 133 | $9.7M | $191,138 | $561,502 |
| 2022 | 118 | $7.8M | $133,489 | $432,638 |
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 |
|---|---|---|---|---|
| MAGINNIS KNECHTER & MCINTIRE | 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 | $27,397 | $26,452 | — | — | — |
| 2023 | $25,937 | — | — | — | — |
| 2022 | $13,683 | — | — | — | — |