Plan Snapshot
- Plan Sponsor: Genesis Logistics INC.
- Sponsor EIN: 223590938
- Sponsor Address: 360 WESTAR BLVD, WESTERVILLE, OH, 430827627
- Plan Type: 401(k)
- Total Participants: 85
- Total Assets: $2.9M
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 | 85 | $2.9M | $50,492 | $127,164 |
| 2023 | 93 | $3.3M | $178,330 | $461,833 |
| 2022 | 324 | $5.2M | $254,754 | $718,933 |
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 |
|---|---|---|---|---|
| CLARK, SCHAEFER, HACKETT & CO. | 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 | $655,105 | — | $1,968 | — | — |
| 2023 | $1,991 | — | — | — | — |
| 2022 | -$940 | — | — | — | — |