Plan Snapshot
- Plan Sponsor: Gemma Power Systems, LLC
- Sponsor EIN: 061479207
- Sponsor Address: 769 HEBRON AVENUE, GLASTONBURY, CT, 06033
- Plan Type: 401(k)
- Total Participants: 442
- Total Assets: $46.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 442 | $46.4M | $2.1M | $2.8M |
| 2023 | 180 | $35.3M | $1.9M | $2.2M |
| 2022 | 161 | $27.6M | $1.8M | $2.1M |
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 |
|---|---|---|---|---|
| SMITH BROTHERS FINANCIAL, LLC | Investment Advisor | $45,078 | — | $45,078 |
| ADP, INC. | Recordkeeper | $36,251 | — | $36,251 |
| PENSION CONSULTANTS, INC | Investment Advisor | $24,346 | — | $24,346 |
| COHNREZNICK LLP | Investment Advisor | $9,000 | — | $9,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ADP, INC. — Recordkeeper
- PENSION CONSULTANTS, INC — Investment Advisor
- COHNREZNICK LLP — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $114,675
- Estimated Expense Ratio: 0.247% 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 | $114,675 | $78,424 | — | — | — |
| 2023 | $92,748 | $60,007 | — | — | — |
| 2022 | $74,568 | — | — | — | — |