# Great Neck Tools, INC. 401(K) Plan 401(k) Plan
Source: https://planprovider.pro/companies/great-neck-saw-manufacturers-inc-401k-plan

> Great Neck Tools, INC. 401(K) Plan's 401(k) plan: 421 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Great Neck Tools, INC. 401(K) Plan

- **Sponsor EIN:** 110834190

- **Sponsor Address:** 165 EAST SECOND STREET, MINEOLA, NY, 11501

- **Plan Type:** 401(k)

- **Total Participants:** 421

- **Total Assets:** $20.5M

## 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.|

| 2024|421|$20.5M|$603,376|$965,091|

| 2023|266|$19.6M|$643,292|$871,232|

| 2022|369|$18.1M|$1.1M|$797,625|

## 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|

| STONE HILL FIDUCIARY MANAGEMENT LL|INVESTMENT ADVISOR|$20,000|—|$20,000|

| FORVIS MAZARS, LLP|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [FORVIS MAZARS, LLP](https://planprovider.pro/provider/forvis-mazars-llp) — Auditor

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $20,000

- **Estimated Expense Ratio:** 0.098% 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|$23,740|$2,319|—|—|—|

| 2023|$31,141|$21,400|—|—|—|

| 2022|$15,450|$55|—|—|—|

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