Plan Snapshot
- Plan Sponsor: Garrett Electronics, INC.
- Sponsor EIN: 752242670
- Sponsor Address: 1881 W. STATE ST., GARLAND, TX, 750426797
- Plan Type: 401(k)
- Total Participants: 196
- Total Assets: $20.1M
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 | 196 | $20.1M | $220,480 | $887,849 |
| 2023 | 201 | $17.3M | $214,181 | $892,772 |
| 2022 | 199 | $14.7M | $300,783 | $930,322 |
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 |
|---|---|---|---|---|
| FROST BANK | ADVISOR | $36,894 | — | $36,894 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $32,526 | — | $32,526 |
| KURTIS SMITH, LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- KURTIS SMITH, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $69,420
- Estimated Expense Ratio: 0.345% 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 | $70,662 | $38,136 | — | — | — |
| 2023 | $64,215 | $39,257 | — | — | — |
| 2022 | $69,093 | $1,957 | — | — | — |