Plan Snapshot
- Plan Sponsor: Gateway First Bank
- Sponsor EIN: 731577221
- Sponsor Address: 244 S GATEWAY PLACE, JENKS, OK, 74037
- Plan Type: 401(k)
- Total Participants: 762
- Total Assets: $75.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 762 | $75.5M | $2.3M | $5.3M |
| 2023 | 806 | $71.5M | $3.1M | $6.3M |
| 2022 | 1,044 | $65.1M | $4.3M | $9.1M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $123,690 | — | $123,690 |
| GLOBAL RETIREMENT PARTNERS LLC | ADVISOR | $60,079 | — | $60,079 |
| PAYNE & SMITH, LLC CPA | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- GLOBAL RETIREMENT PARTNERS LLC — ADVISOR
- PAYNE & SMITH, LLC CPA — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $183,769
- Estimated Expense Ratio: 0.243% 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 | $183,715 | $60,079 | — | — | — |
| 2023 | $180,198 | $57,229 | — | — | — |
| 2022 | $148,838 | — | — | — | — |