Plan Snapshot
- Plan Sponsor: Gerry Lane Enterprises, INC. Dba. Gerry Lane Chevrolet
- Sponsor EIN: 640388844
- Sponsor Address: 6505 FLORIDA BOULEVARD, BATON ROUGE, LA, 70806
- Plan Type: 401(k)
- Total Participants: 263
- Total Assets: $15.3M
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 | 263 | $15.3M | $613,413 | $1.1M |
| 2023 | 248 | $13.3M | $562,791 | $1.1M |
| 2022 | 232 | $11.0M | $547,372 | $963,258 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $76,101 | — | $76,101 |
| AVANTAX INSURANCE AGENCY LLC | Other Service Provider | — | $26,155 | $26,155 |
| ROLAND CRISS FIDUCIARY S | Recordkeeper | $18,000 | — | $18,000 |
| RETIREMENT STRATEGIES GROUP, LLC | Recordkeeper | $4,799 | $6,767 | $11,566 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $131,822
- Estimated Expense Ratio: 0.861% 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 | $98,896 | $15,247 | $83,649 | — | — |
| 2023 | $68,589 | — | $68,589 | — | — |
| 2022 | $72,403 | — | $72,403 | — | — |