# Global Tungsten &amp; Powders LLC 401(k) Plan
Source: https://planprovider.pro/companies/global-tungsten-powders-llc-770720929-001

> Global Tungsten &amp; Powders LLC&#39;s 401(k) plan: 459 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Global Tungsten & Powders LLC

- **Sponsor EIN:** 770720929

- **Sponsor Address:** 1 HAWES ST, TOWANDA, PA, 188482134

- **Plan Type:** 401(k)

- **Plan Number:** 001

- **Total Participants:** 459

- **Total Assets:** $98.9M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** Yes

- **Participant Loans:** Yes

- **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|459|$98.9M|$1.2M|$2.8M|

| 2023|457|$91.3M|$1.2M|$2.9M|

| 2022|493|$85.7M|$1.1M|$2.7M|

## 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|

| PRINCIPAL LIFE INSURANCE COMPANY|Recordkeeper|$217,048|—|$217,048|

| CAP FINANCIAL PARTNERS LLC|Other Service Provider|—|$50,000|$50,000|

| FREEDMAXICK CPAS|Other Service Provider|—|$36,075|$36,075|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $303,123

- **Estimated Expense Ratio:** 0.306% 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|$217,048|—|$217,048|—|—|

| 2023|$194,805|—|$194,805|—|—|

| 2022|$181,496|—|$181,496|—|—|

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