Plan Snapshot
- Plan Sponsor: Gillman, INC.
- Sponsor EIN: 351498056
- Sponsor Address: 1162 TEKULVE ROAD, BATESVILLE, IN, 47006
- Plan Type: 401(k)
- Total Participants: 227
- Total Assets: $6.2M
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 | 227 | $6.2M | $241,646 | $620,526 |
| 2023 | 198 | $5.1M | $221,082 | $592,019 |
| 2022 | 189 | $4.6M | $211,604 | $532,615 |
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 |
|---|---|---|---|---|
| FIRST FINANCIAL BANK | Investment Advisor | $17,994 | — | $17,994 |
| AMERICAN PENSION BENEFITS | Recordkeeper | $10,273 | — | $10,273 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $28,267
- Estimated Expense Ratio: 0.460% 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 | $32,613 | $26,351 | $3,425 | — | — |
| 2023 | $33,466 | $17,576 | $13,512 | — | — |
| 2022 | $32,180 | $32,180 | — | — | — |