Plan Snapshot
- Plan Sponsor: Great Lakes Carpet & Tile
- Sponsor EIN: 593105913
- Sponsor Address: 4411 NE 83RD RD, WILDWOOD, FL, 34785
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 65
- Total Assets: $2.2M
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. |
|---|---|---|---|---|
| 2023 | 65 | $2.2M | $213,056 | $208,940 |
| 2022 | 82 | $1.6M | $130,356 | $161,770 |
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 |
|---|---|---|---|---|
| PAI | Recordkeeper | $7,877 | — | $7,877 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $7,877
- Estimated Expense Ratio: 0.360% 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 |
|---|---|---|---|---|---|
| 2023 | $13,946 | — | $13,946 | — | — |
| 2022 | $28,978 | — | — | — | — |