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: 198
- Total Assets: $5.6M
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 | 198 | $5.6M | $197,726 | $525,460 |
| 2023 | 215 | $5.3M | $194,851 | $531,663 |
| 2022 | 232 | $4.7M | $157,110 | $517,707 |
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 | $688 | — | $688 |
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: $688
- Estimated Expense Ratio: 0.012% 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 | $2,640 | — | $1,952 | $688 | — |
| 2023 | $9,873 | — | $2,373 | $7,500 | — |
| 2022 | $4,521 | — | $4,521 | — | — |