Plan Snapshot
- Plan Sponsor: Global Maritek Systems, INC.
- Sponsor EIN: 364526480
- Sponsor Address: 6080 US 1 NORTH, ST. AUGUSTINE, FL, 32095
- Plan Type: 401(k)
- Total Participants: 142
- Total Assets: $10.7M
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 | 142 | $10.7M | $364,466 | $661,353 |
| 2023 | 140 | $9.2M | $383,238 | $611,745 |
| 2022 | 142 | $7.8M | $241,895 | $533,857 |
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 |
|---|---|---|---|---|
| PROVENANCE WEALTH ADVISORS LLC | RIA | $35,384 | — | $35,384 |
| EMPOWER ANNUITY INSURANCE COMPANY | RECORDKEEPER | $27,135 | — | $27,135 |
| EMPOWER ADVISORY GROUP, LLC | INVESTMENT MGMT. | $5,907 | — | $5,907 |
| BENCHMARK RETIREMENT PLAN SERVICES | CONTRACT ADMIN | $5,006 | — | $5,006 |
| SNYDER COHN, PC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SNYDER COHN, PC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $73,432
- Estimated Expense Ratio: 0.683% 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 | $51,649 | — | $51,649 | — | — |
| 2023 | $60,860 | — | $60,860 | — | — |
| 2022 | $63,932 | — | $63,932 | — | — |