Plan Snapshot
- Plan Sponsor: General Distributing Company
- Sponsor EIN: 870275548
- Sponsor Address: 5350 WEST AMELIA EARHART DRIVE, SALT LAKE CITY, UT, 84116
- Plan Type: 401(k)
- Total Participants: 231
- Total Assets: $13.5M
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 | 231 | $13.5M | $297,055 | $713,577 |
| 2023 | 191 | $12.6M | $254,998 | $658,789 |
| 2022 | 175 | $10.1M | $251,294 | $606,225 |
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 |
|---|---|---|---|---|
| TRANSITIONAL BROKER LLC | Investment Advisor | — | $62,810 | $62,810 |
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $42,909 | — | $42,909 |
| NATIONAL BENEFIT SERVICES | Other Service Provider | $10,798 | — | $10,798 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $116,517
- Estimated Expense Ratio: 0.861% 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 | $50,719 | — | — | — | — |
| 2023 | $46,752 | $46,752 | — | — | — |
| 2022 | $40,881 | $40,881 | — | — | — |