Plan Snapshot
- Plan Sponsor: Gee Papa Enterprises Dba Team Wireless
- Sponsor EIN: 383621046
- Sponsor Address: 2220 6TH AVE N, ESCANABA, MI, 49829
- Plan Type: 401(k)
- Total Participants: 215
- Total Assets: $6.5M
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 | 215 | $6.5M | $661,826 | $873,584 |
| 2023 | 231 | $4.8M | $598,948 | $750,736 |
| 2022 | 201 | $3.2M | $434,612 | $576,553 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $18,328 | — | $18,328 |
| HOFF BROTHERS, LLC | Investment Advisor | $15,441 | — | $15,441 |
| NORTHWESTERN WISCONSIN ASSOCIATES | Recordkeeper | $7,632 | $1,985 | $9,617 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $43,386
- Estimated Expense Ratio: 0.672% 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 | $30,737 | — | $30,737 | — | — |
| 2023 | $20,913 | $7,564 | $8,924 | — | — |
| 2022 | $22,692 | — | $22,692 | — | — |