Plan Snapshot
- Plan Sponsor: Global Leadership Academy INC
- Sponsor EIN: 800297346
- Sponsor Address: PO BOX 350999, JACKSONVILLE, FL, 322350999
- Plan Type: 401(k)
- Total Participants: 327
- Total Assets: $966,963
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 | 327 | $966,963 | $140,099 | $277,581 |
| 2023 | 257 | $641,037 | $86,791 | $192,353 |
| 2022 | 217 | $350,606 | $16,014 | $147,273 |
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 |
|---|---|---|---|---|
| PAYCHEX, INC. | RECORDKEEPER | $6,670 | — | $6,670 |
| COLEMAN & ASSOCIATES CPA FIRM | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PAYCHEX, INC. — RECORDKEEPER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $6,670
- Estimated Expense Ratio: 0.690% 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 | $11,259 | $386 | $8,940 | — | — |
| 2023 | $7,059 | $235 | $5,964 | — | — |
| 2022 | $3,078 | $152 | $2,926 | — | — |