Plan Snapshot
- Plan Sponsor: Gil-Bar Industries INC.
- Sponsor EIN: 112812363
- Sponsor Address: 498 7TH AVE FL 14, NEW YORK, NY, 100186751
- Plan Type: 401(k)
- Total Participants: 323
- Total Assets: $56.3M
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 | 323 | $56.3M | $2.8M | $5.0M |
| 2023 | 577 | $42.3M | $790,806 | $1.5M |
| 2022 | 127 | $15.4M | $674,040 | $1.1M |
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 |
|---|---|---|---|---|
| PLANTE MORAN | Auditor | — | — | $0 |
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 | $139,327 | $113,322 | $25,145 | — | — |
| 2023 | $76,342 | $45,774 | $29,708 | — | — |
| 2022 | $73,033 | $41,705 | $31,328 | — | — |