Plan Snapshot
- Plan Sponsor: Gentex Corporation
- Sponsor EIN: 232801499
- Sponsor Address: 324 MAIN STREET, SIMPSON, PA, 18407
- Plan Type: 401(k)
- Total Participants: 851
- Total Assets: $93.7M
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 | 851 | $93.7M | $1.8M | $4.5M |
| 2023 | 758 | $82.0M | $1.6M | $4.1M |
| 2022 | 760 | $70.0M | $1.4M | $3.8M |
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 |
|---|---|---|---|---|
| VOYA RETIREMENT INSURANCE & ANNUITY | SERVICE PROVIDER | $137,588 | $4 | $137,592 |
| VALLEY FORGE INVESTMENT CONSULTANTS | SERVICE PROVIDER | — | $50,000 | $50,000 |
| VOYA RETIREMENT ADVISORS, LLC | SERVICE PROVIDER | $36,399 | — | $36,399 |
| BAKER TILLY US, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BAKER TILLY US, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $223,991
- Estimated Expense Ratio: 0.239% 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 | $173,988 | $37,429 | $134,059 | — | — |
| 2023 | $164,372 | $33,262 | $128,610 | — | — |
| 2022 | $229,887 | — | — | — | — |