Plan Snapshot
- Plan Sponsor: General Tool INC
- Sponsor EIN: 800494601
- Sponsor Address: 2025 ALTON PARKWAY, IRVINE, CA, 92606
- Plan Type: 401(k)
- Total Participants: 133
- Total Assets: $7.0M
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 | 133 | $7.0M | $163,339 | $568,661 |
| 2023 | 131 | $5.8M | $186,894 | $541,676 |
| 2022 | 124 | $4.2M | $134,318 | $489,709 |
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 |
|---|---|---|---|---|
| HASKELL & WHITE LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $47,599 | $24,181 | — | — | — |
| 2023 | $39,904 | $18,296 | — | — | — |
| 2022 | $32,553 | — | — | — | — |