Plan Snapshot
- Plan Sponsor: Granite City Electric Supply Co.
- Sponsor EIN: 041384230
- Sponsor Address: 19 QUINCY AVE, QUINCY, MA, 02169
- Plan Type: 401(k)
- Total Participants: 448
- Total Assets: $42.9M
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 | 448 | $42.9M | $967,980 | $2.9M |
| 2023 | 430 | $39.6M | $951,607 | $2.7M |
| 2022 | 417 | $32.1M | $1.3M | $2.4M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $57,915 | — | $57,915 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $18,132 | — | $18,132 |
| FORVIS MAZARS | ACCOUNTANT/AUDITOR | $7,800 | — | $7,800 |
| MAZARS USA LLP | ACCOUNTANT/AUDITOR | $7,280 | — | $7,280 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- STRATEGIC ADVISORS, INC. — ADVISOR
- FORVIS MAZARS — ACCOUNTANT/AUDITOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $91,127
- Estimated Expense Ratio: 0.212% 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 | $111,068 | $18,132 | — | $15,080 | — |
| 2023 | $127,749 | $15,131 | — | $13,000 | — |
| 2022 | $120,482 | $18,104 | — | — | — |