Plan Snapshot
- Plan Sponsor: Gaylor Electric, INC.
- Sponsor EIN: 203727689
- Sponsor Address: 10405 CROSSPOINT BLVD, INDIANAPOLIS, IN, 46256
- Plan Type: 401(k)
- Total Participants: 2,620
- Total Assets: $80.4M
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 | 2,620 | $80.4M | $7.6M | $10.5M |
| 2023 | 1,659 | $62.2M | $3.3M | $7.1M |
| 2022 | 1,435 | $48.2M | $953,372 | $6.5M |
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 | $169,948 | — | $169,948 |
| WELLINGTON WEALTH STRATEGIES LLC | ADVISOR | $97,950 | — | $97,950 |
| KATZ SAPPER & MILLER LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- KATZ SAPPER & MILLER LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $267,898
- Estimated Expense Ratio: 0.333% 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 | $267,898 | $97,950 | — | — | — |
| 2023 | $210,538 | $75,564 | $300 | — | — |
| 2022 | $227,898 | — | — | — | — |