Plan Snapshot
- Plan Sponsor: Gateway Industrial Power, INC.
- Sponsor EIN: 201225632
- Sponsor Address: 921 FOURNIE LANE, COLLINSVILLE, IL, 62234
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 279
- Total Assets: $22.8M
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. |
|---|---|---|---|---|
| 2025 | 279 | $22.8M | $0 | $0 |
| 2024 | 216 | $18.5M | $623,053 | $1.1M |
| 2023 | 228 | $17.1M | $660,203 | $1.1M |
| 2022 | 227 | $15.6M | $658,701 | $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 |
|---|---|---|---|---|
| RUBINBROWN LLP | Other Service Provider | $54,652 | — | $54,652 |
| EPIC RETIREMENT PLAN SERVICES | Other Service Provider | $36,673 | — | $36,673 |
| CHARLES SCHWAB TRUST BANK | Other Service Provider | — | $9,389 | $9,389 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $100,714
- Estimated Expense Ratio: 0.443% 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 |
|---|---|---|---|---|---|
| 2025 | $1,402,359 | $54,652 | — | — | — |
| 2024 | $84,225 | $51,075 | — | — | — |
| 2023 | $76,688 | $46,034 | — | — | — |
| 2022 | $79,756 | $48,023 | — | — | — |