Plan Snapshot
- Plan Sponsor: Gallo Mechanical, LLC
- Sponsor EIN: 720643909
- Sponsor Address: 4141 BIENVILLE STREET, NEW ORLEANS, LA, 70119
- Plan Type: 401(k)
- Total Participants: 392
- Total Assets: $16.6M
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 | 392 | $16.6M | $869,941 | $1.7M |
| 2023 | 317 | $13.6M | $754,074 | $1.5M |
| 2022 | 380 | $12.4M | $716,363 | $1.3M |
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 |
|---|---|---|---|---|
| LAPORTE CPAS & BUSINESS ADVISORS. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LAPORTE CPAS & BUSINESS ADVISORS. — 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 | $66,710 | $35,154 | $300 | — | — |
| 2023 | $8,253 | $8,810 | — | — | — |
| 2022 | -$12,966 | — | — | — | — |