Plan Snapshot
- Plan Sponsor: Garden Spot Village
- Sponsor EIN: 232640814
- Sponsor Address: 433 S KINZER AVE, NEW HOLLAND, PA, 17557
- Plan Type: 401(k)
- Total Participants: 708
- Total Assets: $20.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 708 | $20.7M | $928,066 | $1.5M |
| 2023 | 517 | $15.7M | $657,385 | $1.0M |
| 2022 | 323 | $14.3M | $543,480 | $861,971 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $90,894 | — | $90,894 |
| CAMBRIDGE INVESTMENT RESEARCH ADVIS | Investment Advisor | — | $43,835 | $43,835 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $134,729
- Estimated Expense Ratio: 0.651% 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 | $90,894 | — | $90,894 | — | — |
| 2023 | $60,584 | — | $60,584 | — | — |
| 2022 | $56,638 | $50,692 | — | — | — |