Plan Snapshot
- Plan Sponsor: Griffon Aerospace, INC.
- Sponsor EIN: 631132845
- Sponsor Address: 106 COMMERCE CIRCLE, MADISON, AL, 35758
- Plan Type: 401(k)
- Total Participants: 174
- Total Assets: $8.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 174 | $8.9M | $560,142 | $814,925 |
| 2023 | 133 | $6.9M | $383,054 | $532,049 |
| 2022 | 114 | $5.1M | $300,697 | $417,519 |
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 |
|---|---|---|---|---|
| WARREN AVERETT LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WARREN AVERETT LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $49,255 | $1,559 | $47,696 | — | — |
| 2023 | — | — | — | — | — |
| 2022 | $31,856 | $1,006 | $30,850 | — | — |