Plan Snapshot
- Plan Sponsor: Galpin Motors, INC.
- Sponsor EIN: 951472486
- Sponsor Address: 15505 ROSCOE BOULEVARD, NORTH HILLS, CA, 91343
- Plan Type: 401(k)
- Total Participants: 1,170
- Total Assets: $87.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 1,170 | $87.3M | $836,846 | $6.7M |
| 2023 | 1,083 | $82.1M | $603,767 | $6.0M |
| 2022 | 1,052 | $71.1M | $621,684 | $6.0M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | RECORDKEEPER | $99,260 | — | $99,260 |
| WORLD INVESTMENT ADVISORS LLC | INVESTMENT ADVISOR | $53,641 | — | $53,641 |
| PENSIONMARK FINANCIAL GROUP LLC | NONE | $17,855 | — | $17,855 |
| FORVIS MAZARS, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FORVIS MAZARS, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $170,756
- Estimated Expense Ratio: 0.195% 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 |
|---|---|---|---|---|---|
| 2024 | $173,270 | $71,495 | $23,528 | — | — |
| 2023 | $177,756 | $65,325 | $109,212 | — | — |
| 2022 | $207,560 | $66,121 | $137,978 | — | — |