# Gibson Insurance Agency, INC. 401(k) Plan
Source: https://planprovider.pro/companies/gibson-insurance-agency-inc-401k-plan-002

> Gibson Insurance Agency, INC.'s 401(k) plan: 185 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Gibson Insurance Agency, INC.

- **Sponsor EIN:** 351116724

- **Sponsor Address:** 202 S. MICHIGAN ST., SOUTH BEND, IN, 46601

- **Plan Type:** 401(k)

- **Total Participants:** 185

- **Total Assets:** $38.1M

## 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|185|$38.1M|$573,585|$1.9M|

| 2023|175|$32.0M|$487,736|$1.6M|

| 2022|152|$27.1M|$428,575|$1.4M|

## 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|

| COMMONWEALTH FINANCIAL NETWORK|INVESTMENT ADVISOR|$45,000|—|$45,000|

| RETIREMENT PLAN CONCEPTS & SERVICES|CONTRACT ADMIN|$20,777|—|$20,777|

| EMPOWER ADVISORY GROUP, LLC|INVESTMENT MGMT|$7,566|—|$7,566|

| EMPOWER ANNUITY INSURANCE COMPANY|RECORDKEEPER|$5,353|—|$5,353|

| KRUGGEL, LAWTON & COMPANY, LLC|AUDITOR|$5,000|—|$5,000|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [COMMONWEALTH FINANCIAL NETWORK](https://planprovider.pro/provider/commonwealth-financial-network) — INVESTMENT ADVISOR

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $83,696

- **Estimated Expense Ratio:** 0.220% 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|$131,929|—|$5,890|$5,000|—|

| 2023|$57,725|—|$4,925|—|—|

| 2022|$61,850|—|—|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/gibson-insurance-agency-inc-401k-plan-002)

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