# Global Engineering & Technology, INC. 401(k) Plan
Source: https://planprovider.pro/companies/global-engineering-technology-inc-plan-001-3579

> Global Engineering & Technology, INC.'s 401(k) plan: 98 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

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