Plan Snapshot
- Plan Sponsor: Garrett Transportation I INC.
- Sponsor EIN: 824723195
- Sponsor Address: 47548 HALYARD DR, PLYMOUTH, MI, 48170
- Plan Type: DB
- Total Participants: 68
- Total Assets: $163.6M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 68 | $163.6M | $0 | $0 |
| 2023 | 80 | $173.4M | $0 | $0 |
| 2022 | 95 | $169.2M | $0 | $0 |
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 |
|---|---|---|---|---|
| AON INVESTMENTS USA INC | Other Service Provider | $239,104 | — | $239,104 |
| ALIGHT SOLUTIONS LLC | Recordkeeper | $120,680 | $46 | $120,726 |
| NORTHERN TRUST COMPANY | Other Service Provider | $67,610 | — | $67,610 |
| MCDERMOTT WILL & EMERY | Other Service Provider | $52,500 | — | $52,500 |
| AON CONSULTING | Recordkeeper | $36,953 | — | $36,953 |
| CROWE LLP | Other Service Provider | $11,944 | — | $11,944 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ALIGHT SOLUTIONS LLC — Recordkeeper
- AON CONSULTING — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $528,837
- Estimated Expense Ratio: 0.323% 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 | $656,051 | — | $239,104 | $11,944 | — |
| 2023 | $838,197 | — | $391,018 | $33,800 | — |
| 2022 | $636,258 | — | $76,564 | — | $433,371 |