# Garrett Electronics, INC. 401(k) Plan
Source: https://planprovider.pro/companies/garrett-electronics-inc-401k-plan

> Garrett Electronics, INC.'s 401(k) plan: 196 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/fidelity-investments) — RECORDKEEPER

- [KURTIS SMITH, LLC](https://planprovider.pro/provider/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|—|—|—|

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