Plan Snapshot
- Plan Sponsor: Gt Technologies INC.
- Sponsor EIN: 341526359
- Sponsor Address: 5859 E. EXECUTIVE DR., WESTLAND, MI, 48185
- Plan Type: 401(k)
- Total Participants: 257
- Total Assets: $22.0M
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: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 257 | $22.0M | $479,619 | $1.2M |
| 2023 | 224 | $21.0M | $442,712 | $1.1M |
| 2022 | 307 | $18.5M | $396,380 | $1.1M |
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 |
|---|---|---|---|---|
| PLANTE & MORAN, PLLC | Auditor | $19,086 | — | $19,086 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PLANTE & MORAN, PLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $19,086
- Estimated Expense Ratio: 0.087% 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 | $29,591 | — | $10,505 | $19,086 | — |
| 2023 | $24,523 | — | $10,023 | $14,500 | — |
| 2022 | $14,070 | — | $14,070 | — | — |