Plan Snapshot
- Plan Sponsor: Glovis Alabama, LLC
- Sponsor EIN: 432037591
- Sponsor Address: 300 HYUNDAI BLVD, MONTGOMERY, AL, 36105
- Plan Type: 401(k)
- Total Participants: 633
- Total Assets: $7.4M
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 | 633 | $7.4M | $385,700 | $1.2M |
| 2023 | 638 | $5.8M | $359,965 | $975,897 |
| 2022 | 607 | $4.4M | $317,523 | $820,263 |
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 |
|---|---|---|---|---|
| WARREN AVERETT | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WARREN AVERETT — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $95,368 | $11,040 | — | — | — |
| 2023 | $77,975 | $8,665 | — | — | — |
| 2022 | $70,345 | — | — | — | — |