Plan Snapshot
- Plan Sponsor: General Equipment & Supplies, INC.
- Sponsor EIN: 450382112
- Sponsor Address: 4300 MAIN AVE, FARGO, ND, 58107
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 290
- Total Assets: $38.5M
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. |
|---|---|---|---|---|
| 2025 | 290 | $38.5M | $0 | $0 |
| 2024 | 239 | $33.3M | $866,561 | $1.7M |
| 2023 | 275 | $27.7M | $824,953 | $1.6M |
| 2022 | 261 | $24.0M | $734,733 | $1.5M |
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 |
|---|---|---|---|---|
| HEARTLAND TRUST COMPANY | Other Service Provider | $140,241 | — | $140,241 |
| CHARLES SCHWAB TRUST BANK | Other Service Provider | — | $14,379 | $14,379 |
| EIDE BAILLY LLP | Other Service Provider | $11,576 | — | $11,576 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $166,196
- Estimated Expense Ratio: 0.432% 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 |
|---|---|---|---|---|---|
| 2025 | $3,122,920 | — | — | $11,576 | — |
| 2024 | $135,509 | — | — | $10,700 | — |
| 2023 | $114,651 | — | — | $10,000 | — |
| 2022 | $112,516 | — | — | — | $9,400 |