Plan Snapshot
- Plan Sponsor: Gibson & Associates, INC.
- Sponsor EIN: 752057660
- Sponsor Address: 11210 RYLIECREST DR., BALCH SPRINGS, TX, 751800579
- Plan Type: 401(k)
- Total Participants: 197
- Total Assets: $11.6M
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 | 197 | $11.6M | $431,727 | $724,589 |
| 2023 | 196 | $9.9M | $375,878 | $647,191 |
| 2022 | 180 | $8.4M | $359,459 | $610,845 |
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 |
|---|---|---|---|---|
| TRANSAMERICA LIFE INSURANCE COMPANY | RECORD-KEEPER | $9,989 | — | $9,989 |
| DEFINITI LLC | RECORD-KEEPER | $9,006 | $248 | $9,254 |
| GARRETY AND ASSOCIATES CPA, LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TRANSAMERICA LIFE INSURANCE COMPANY — RECORD-KEEPER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $19,243
- Estimated Expense Ratio: 0.166% 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 | $21,108 | $2,113 | — | — | — |
| 2023 | $20,269 | — | — | — | — |
| 2022 | $18,593 | — | — | — | — |