Plan Snapshot
- Plan Sponsor: Gearheart Communications Company, INC.
- Sponsor EIN: 610513429
- Sponsor Address: 20 LAYNESVILLE RD, HAROLD, KY, 416359076
- Plan Type: 401(k)
- Total Participants: 134
- Total Assets: $13.5M
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 | 134 | $13.5M | $647,799 | $406,157 |
| 2023 | 120 | $11.6M | $582,365 | $355,032 |
| 2022 | 120 | $10.0M | $462,816 | $320,245 |
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 COMPANY | CONTRACT ADMINISTRATOR | $58,560 | — | $58,560 |
| GLOBAL RETIREMENT PARTNERS LLC | INVESTMENT ADVISORY | — | $30,177 | $30,177 |
| JONES NALE AND MATTINGLY PLC | ACCOUNTANT | $13,000 | — | $13,000 |
| WELLTH ADVISORY SERVICES, LLC | INVESTMENT ADVISORY | — | $10,074 | $10,074 |
| JONES, NALE & MATTINGLY, PLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GLOBAL RETIREMENT PARTNERS LLC — INVESTMENT ADVISORY
- JONES, NALE & MATTINGLY, PLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $111,811
- Estimated Expense Ratio: 0.827% 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 | $58,561 | — | $58,561 | — | — |
| 2023 | $50,927 | — | $50,927 | — | — |
| 2022 | $81,058 | $18,965 | $62,093 | — | — |