Plan Snapshot
- Plan Sponsor: Gilbane INC.
- Sponsor EIN: 050147010
- Sponsor Address: 7 JACKSON WALKWAY, PROVIDENCE, RI, 02903
- Plan Type: 401(k)
- Total Participants: 3,592
- Total Assets: $1.0B
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 3,592 | $1.0B | $31.5M | $40.8M |
| 2023 | 3,405 | $906.3M | $28.6M | $38.5M |
| 2022 | 3,582 | $792.4M | $26.8M | $35.5M |
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 |
|---|---|---|---|---|
| KAHN, LITWIN, RENZA & CO., LTD. | 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 | $568,225 | $399,724 | $1,800 | — | — |
| 2023 | $478,442 | $311,588 | $1,200 | — | — |
| 2022 | $485,020 | $100,325 | — | — | — |