Plan Snapshot
- Plan Sponsor: Gerbers Poultry, INC.
- Sponsor EIN: 341099759
- Sponsor Address: 5889 KIDRON ROAD P.O. BOX 206, KIDRON, OH, 44636
- Plan Type: 401(k)
- Total Participants: 477
- Total Assets: $7.1M
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 | 477 | $7.1M | $242,522 | $386,200 |
| 2023 | 440 | $6.4M | $234,249 | $368,590 |
| 2022 | 415 | $5.9M | $228,368 | $358,012 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $19,921 | — | $19,921 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $8,924 | — | $8,924 |
| FIFTH THIRD BANK | Other Service Provider | $7,837 | — | $7,837 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $36,682
- Estimated Expense Ratio: 0.514% 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 | $36,682 | $8,924 | — | — | — |
| 2023 | $33,757 | $7,409 | — | — | — |
| 2022 | $31,851 | — | $31,851 | — | — |