Plan Snapshot
- Plan Sponsor: Geospace Technologies Corporation
- Sponsor EIN: 760447780
- Sponsor Address: 7007 PINEMONT DRIVE, HOUSTON, TX, 770406601
- Plan Type: 401(k)
- Total Participants: 470
- Total Assets: $66.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 470 | $66.9M | $1.4M | $3.0M |
| 2023 | 451 | $57.3M | $1.0M | $2.7M |
| 2022 | 396 | $50.1M | $944,892 | $2.5M |
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 |
|---|---|---|---|---|
| CROWE 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 | $91,288 | $30,000 | $300 | — | — |
| 2023 | $83,135 | $30,000 | $900 | — | — |
| 2022 | -$36,232 | — | — | — | — |