Plan Snapshot
- Plan Sponsor: Gorman & Company, LLC
- Sponsor EIN: 823739186
- Sponsor Address: 200 NORTH MAIN STREET, OREGON, WI, 53575
- Plan Type: 401(k)
- Total Participants: 602
- Total Assets: $35.8M
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 | 602 | $35.8M | $1.7M | $2.5M |
| 2023 | 511 | $29.9M | $1.4M | $2.2M |
| 2022 | 445 | $23.0M | $2.1M | $1.8M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | RECORDKEEPER | $73,935 | — | $73,935 |
| EMPOWER ADVISORY GROUP, LLC | INVESTMENT MGMT | $12,683 | — | $12,683 |
| MERRILL LYNCH PIERCE FENNER & SMITH | INVESTMENT ADVISOR | $6,526 | — | $6,526 |
| WORLD INVESTMENT ADVISORS LLC | INVESTMENT ADVISOR | $6,189 | — | $6,189 |
| WEGNER CPAS | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WEGNER CPAS — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $99,333
- Estimated Expense Ratio: 0.278% 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 | $99,333 | $25,398 | — | — | — |
| 2023 | $66,805 | $17,219 | — | — | — |
| 2022 | $54,520 | $13,881 | $40,639 | — | — |