Plan Snapshot
- Plan Sponsor: Gt Technologies INC.
- Sponsor EIN: 341526359
- Sponsor Address: 5859 E. EXECUTIVE DR., WESTLAND, MI, 48185
- Plan Type: DB
- Total Participants: 95
- Total Assets: $20.3M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 95 | $20.3M | $610,000 | $0 |
| 2023 | 95 | $19.1M | $800,000 | $0 |
| 2022 | 102 | $17.1M | $589,000 | $0 |
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 |
|---|---|---|---|---|
| AON CONSULTING, INC. | Other Service Provider | $37,128 | — | $37,128 |
| JOHN HANCOCK RETIREMENT PLAN SERVIC | Recordkeeper | $37,055 | — | $37,055 |
| WILSHIRE ASSOCIATES | Other Service Provider | $9,484 | — | $9,484 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JOHN HANCOCK RETIREMENT PLAN SERVIC — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $83,667
- Estimated Expense Ratio: 0.412% 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 | $209,505 | $46,612 | $37,055 | $4,000 | — |
| 2023 | $304,350 | $32,777 | $35,665 | $14,500 | — |
| 2022 | $293,295 | $21,030 | $41,504 | — | $23,589 |