Plan Snapshot
- Plan Sponsor: Gongos, LLC
- Sponsor EIN: 383012309
- Sponsor Address: 150 W. 2ND STREET, SUITE 300, ROYAL OAK, MI, 48067
- Plan Type: 401(k)
- Total Participants: 105
- Total Assets: $21.2M
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 | 105 | $21.2M | $493,439 | $1.2M |
| 2023 | 133 | $18.3M | $547,640 | $1.3M |
| 2022 | 137 | $16.1M | $472,132 | $1.2M |
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 |
|---|---|---|---|---|
| WIPFLI, LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WIPFLI, LLC — 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 | $33,399 | — | $2,875 | — | — |
| 2023 | $28,364 | — | $2,625 | — | — |
| 2022 | $25,879 | $24,754 | — | — | $1,125 |