# Gorton'S INC. DB Plan
Source: https://planprovider.pro/companies/gorton-s-inc-plan

> Gorton'S INC.'s DB plan: 72 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Gorton'S INC.

- **Sponsor EIN:** 043575531

- **Sponsor Address:** 128 ROGERS STREET, GLOUCESTER, MA, 01930

- **Plan Type:** DB

- **Total Participants:** 72

- **Total Assets:** $54.4M

## Key Plan Design Features

- **Auto-Enrollment:** No

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** No

- **ERISA Section 404(c) Fiduciary Safe Harbor:** No

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|72|$54.4M|$0|$0|

| 2023|82|$58.6M|$0|$0|

| 2022|76|$59.3M|$0|$0|

## 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|

| MAMACOS, BYSIEWICZ & ASSOCIATES LLC|Auditor|$6,000|—|$6,000|

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $6,000

- **Estimated Expense Ratio:** 0.011% 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|$187,542|—|$84,473|$6,000|—|

| 2023|$261,126|—|$76,641|$8,089|—|

| 2022|$120,090|—|$45,668|—|—|

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