Plan Snapshot
- Plan Sponsor: Glenn Machine Works, INC.
- Sponsor EIN: 640470007
- Sponsor Address: P.O. BOX 1247, COLUMBUS, MS, 39703
- Plan Type: 401(k)
- Total Participants: 153
- Total Assets: $10.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 153 | $10.4M | $290,135 | $707,241 |
| 2023 | 159 | $8.9M | $313,661 | $635,978 |
| 2022 | 149 | $7.4M | $296,236 | $601,462 |
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 | Recordkeeper | $73,869 | — | $73,869 |
| VALMARK SECURITIES INC. | Investment Advisor | — | $39,229 | $39,229 |
| NAIL MCKINNEY PROFESSIONAL ASSOC. | Auditor | $10,750 | — | $10,750 |
| T. E. LOTT & COMPANY, P.A. | Other Service Provider | $800 | $9,658 | $10,458 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $134,306
- Estimated Expense Ratio: 1.291% 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 | $87,503 | — | $76,753 | — | — |
| 2023 | $98,401 | — | $77,901 | — | — |
| 2022 | $77,433 | — | $77,433 | — | — |