Plan Snapshot
- Plan Sponsor: Gate 1, Ltd.
- Sponsor EIN: 510346014
- Sponsor Address: 455 MARYLAND DR, FORT WASHINGTON, PA, 190342501
- Plan Type: 401(k)
- Total Participants: 427
- Total Assets: $16.6M
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 | 427 | $16.6M | $652,792 | $1.7M |
| 2023 | 413 | $12.7M | $597,993 | $1.5M |
| 2022 | 335 | $9.3M | $346,442 | $1.0M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $45,373 | — | $45,373 |
| THE BENCHMARK GROUP RIA SERVICES L | INVESTMENT ADVISORY | — | $36,289 | $36,289 |
| WITHUM SMITH + BROWN, PC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WITHUM SMITH + BROWN, PC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $81,662
- Estimated Expense Ratio: 0.491% 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 | $45,373 | — | $45,373 | — | — |
| 2023 | $12,815 | — | $12,815 | — | — |
| 2022 | $7,752 | — | $7,752 | — | — |