Plan Snapshot
- Plan Sponsor: Gaylor Electric, INC.
- Sponsor EIN: 203727689
- Sponsor Address: 10405 CROSSPOINT BLVD, INDIANAPOLIS, IN, 46256
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 1,845
- Total Assets: $9,848
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 | 1,845 | $9,848 | $8.7M | $4.1M |
| 2023 | 1,521 | $172,733 | $7.8M | $3.3M |
| 2022 | 1,523 | $236,918 | $7.5M | $3.2M |
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 |
|---|---|---|---|---|
| UMR INSURANCE COMPANIES | Other Service Provider | $662,510 | — | $662,510 |
| COORDINATED CARE PROGRAMS LLC | Other Service Provider | $346,817 | — | $346,817 |
| TRUE RX | Recordkeeper | $119,573 | — | $119,573 |
| BENEFIT TECHNOLOGY RESOURCES, LLC | Other Service Provider | $115,015 | — | $115,015 |
| DELTA DENTAL PLAN OF INDIANA | Recordkeeper | $53,662 | — | $53,662 |
| FMLA SOURCE | Other Service Provider | $29,026 | — | $29,026 |
| RX HELP CENTER, LLC | Other Service Provider | $8,160 | — | $8,160 |
| PLAN SOURCE | Other Service Provider | $7,815 | — | $7,815 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,342,578
- Estimated Expense Ratio: 13633.002% 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 | $1,347,234 | — | $1,347,193 | — | — |
| 2023 | $1,224,041 | — | $1,219,987 | — | — |
| 2022 | $1,220,904 | $41,694 | — | — | $1,179,210 |