Plan Snapshot
- Plan Sponsor: Giti Tire Usa Ltd.
- Sponsor EIN: 651259770
- Sponsor Address: 3600 ARCO CORPORATE DRIVE, CHARLOTTE, NC, 28273
- Plan Type: 401(k)
- Total Participants: 827
- Total Assets: $15.7M
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 | 827 | $15.7M | $553,678 | $2.0M |
| 2023 | 669 | $14.2M | $506,188 | $1.9M |
| 2022 | 605 | $12.3M | $473,761 | $1.8M |
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 |
|---|---|---|---|---|
| THONG, YU, WONG & LEE LLP | 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 | $34,393 | $811 | — | — | — |
| 2023 | $25,943 | $998 | — | — | — |
| 2022 | $24,318 | — | — | — | — |