Plan Snapshot
- Plan Sponsor: Global Engineering & Technology, INC.
- Sponsor EIN: 651003579
- Sponsor Address: 3191 CORAL WAY, MIAMI, FL, 331453220
- Plan Type: 401(k)
- Total Participants: 98
- Total Assets: $11.3M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 98 | $11.3M | $399,641 | $1.0M |
| 2023 | 100 | $10.1M | $357,573 | $877,825 |
| 2022 | 108 | $8.8M | $361,764 | $929,791 |
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 |
|---|---|---|---|---|
| KABAT, SCHERTZER, DE LA TORRE ET AL | Auditor | $16,799 | — | $16,799 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $16,799
- Estimated Expense Ratio: 0.148% 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 | $66,242 | — | $49,443 | $16,799 | — |
| 2023 | $57,258 | — | $41,259 | $15,999 | — |
| 2022 | $55,977 | — | $40,978 | — | $14,999 |