Plan Snapshot
- Plan Sponsor: Gem Technologies, INC.
- Sponsor EIN: 621578186
- Sponsor Address: 2033 CASTAIC LANE, KNOXVILLE, TN, 37932
- Plan Type: 401(k)
- Total Participants: 236
- Total Assets: $11.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 236 | $11.7M | $564,005 | $1.4M |
| 2023 | 274 | $9.4M | $549,771 | $1.4M |
| 2022 | 319 | $6.7M | $518,100 | $1.3M |
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 |
|---|---|---|---|---|
| THE TRUST COMPANY OF TENNESSEE, INC | NONE | $59,192 | — | $59,192 |
| WOODALL GROUP, LLC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $59,192
- Estimated Expense Ratio: 0.505% 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 | $59,192 | — | $10,950 | — | — |
| 2023 | $49,736 | — | $10,348 | — | — |
| 2022 | $48,528 | — | $25,934 | — | $22,594 |