Plan Snapshot
- Plan Sponsor: Glaz-Tech Industries, INC.
- Sponsor EIN: 860766038
- Sponsor Address: 2207 E. ELVIRA ROAD, TUCSON, AZ, 85706
- Plan Type: 401(k)
- Total Participants: 211
- Total Assets: $2.1M
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 | 211 | $2.1M | $28,025 | $324,128 |
| 2023 | 224 | $2.3M | $29,087 | $377,816 |
| 2022 | 219 | $1.6M | $23,844 | $316,180 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | Recordkeeper | $31,694 | — | $31,694 |
| CBIZ INVESTMENT ADVISORY SERVICES L | Investment Advisor | $11,673 | — | $11,673 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $43,367
- Estimated Expense Ratio: 2.084% 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 | $50,187 | — | $50,187 | — | — |
| 2023 | $27,714 | $12,662 | — | — | — |
| 2022 | $21,469 | $10,446 | $11,023 | — | — |