Plan Snapshot
- Plan Sponsor: Gates Automotive Corporation
- Sponsor EIN: 350330997
- Sponsor Address: 640 WEST IRELAND ROAD, SOUTH BEND, IN, 466143808
- Plan Type: 401(k)
- Total Participants: 214
- Total Assets: $15.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 214 | $15.7M | $192,009 | $1.0M |
| 2023 | 192 | $16.0M | $207,214 | $1.1M |
| 2022 | 184 | $15.3M | $214,757 | $1.1M |
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 |
|---|---|---|---|---|
| ATM &CO CERTIFIED PUBLIC ACCOUNTANT | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $66,948 | $50,076 | $16,872 | — | — |
| 2023 | $64,903 | $46,714 | $18,189 | — | — |
| 2022 | $65,173 | $47,992 | $17,181 | — | — |