Plan Snapshot
- Plan Sponsor: Gibson Sales, LP
- Sponsor EIN: 752913132
- Sponsor Address: 2321A LOOP 281, LONGVIEW, TX, 75604
- Plan Type: 401(k)
- Total Participants: 548
- 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 | 548 | $7.1M | $55,934 | $313,185 |
| 2023 | 359 | $7.0M | $0 | $268,629 |
| 2022 | 328 | $5.8M | $62,264 | $295,406 |
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 |
|---|---|---|---|---|
| HEARD, MCELROY & VESTAL, LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- HEARD, MCELROY & VESTAL, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $1,628,913 | — | $125 | — | — |
| 2023 | $490,309 | — | $1,740 | — | — |
| 2022 | $145 | — | — | — | — |