Plan Snapshot
- Plan Sponsor: Gbank
- Sponsor EIN: 260154236
- Sponsor Address: 9115 WEST RUSSELL ROAD, SUITE 110, LAS VEGAS, NV, 89148
- Plan Type: 401(k)
- Total Participants: 166
- Total Assets: $22.5M
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 | 166 | $22.5M | $618,290 | $1.4M |
| 2023 | 163 | $12.5M | $693,739 | $1.3M |
| 2022 | 142 | $8.7M | $399,133 | $822,553 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE CO. | CONTRACT ADMINISTRATOR | $67,821 | — | $67,821 |
| COMMONWEALTH FINANCIAL NETWORK | INVESTMENT ADVISORY | — | $35,144 | $35,144 |
| MEIHAUS CPA, PC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- COMMONWEALTH FINANCIAL NETWORK — INVESTMENT ADVISORY
- MEIHAUS CPA, PC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $102,965
- Estimated Expense Ratio: 0.458% 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 | $68,071 | — | $66,382 | — | — |
| 2023 | $52,514 | — | $51,137 | — | — |
| 2022 | $16,252 | $10,213 | $6,039 | — | — |