Plan Snapshot
- Plan Sponsor: Gower Corporation
- Sponsor EIN: 570293575
- Sponsor Address: P.O. BOX 6767, GREENVILLE, SC, 29606
- Plan Type: 401(k)
- Total Participants: 122
- Total Assets: $30.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 122 | $30.0M | $2.6M | $798,937 |
| 2023 | 104 | $25.9M | $2.4M | $986,246 |
| 2022 | 176 | $28.6M | $2.7M | $947,591 |
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 |
|---|---|---|---|---|
| AMERICAN TRUST COMPANY | CONTRACT ADMINISTRATION | $43,428 | — | $43,428 |
| NORTHWESTERN MUTUAL INVESTMENT SERV | INVESTMENT ADVISOR | $29,945 | — | $29,945 |
| MML INVESTOR SERVICES | INVESTMENT ADVISOR | $8,856 | — | $8,856 |
| SUGGSJOHNSON LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SUGGSJOHNSON LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $82,229
- Estimated Expense Ratio: 0.274% 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 | $82,454 | $59,496 | $13,040 | — | — |
| 2023 | $94,282 | $43,043 | — | — | — |
| 2022 | $90,399 | $42,303 | $48,096 | — | — |