Plan Snapshot
- Plan Sponsor: Gettel Automotive, INC.
- Sponsor EIN: 650224226
- Sponsor Address: 5959 E. STATE RD 64, BRADENTON, FL, 34208
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 1,531
- Total Assets: $49.2M
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. |
|---|---|---|---|---|
| 2025 | 1,531 | $49.2M | $0 | $0 |
| 2024 | 1,232 | $42.1M | $693,129 | $5.5M |
| 2023 | 1,039 | $36.0M | $682,619 | $5.1M |
| 2022 | 933 | $27.6M | $665,992 | $4.8M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $175,594 | — | $175,594 |
| GLOBAL RETIREMENT PARTNERS LLC | Investment Advisor | — | $41,679 | $41,679 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $217,273
- Estimated Expense Ratio: 0.442% 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 |
|---|---|---|---|---|---|
| 2025 | $8,038,008 | — | $175,595 | — | — |
| 2024 | $168,871 | — | $168,871 | — | — |
| 2023 | $147,605 | — | $147,605 | — | — |
| 2022 | $150,907 | — | $150,907 | — | — |