Plan Snapshot
- Plan Sponsor: Gt Technologies INC.
- Sponsor EIN: 341526359
- Sponsor Address: 5859 E. EXECUTIVE DR., WESTLAND, MI, 48185
- Plan Type: DB
- Total Participants: 2
- Total Assets: $11.5M
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 | 2 | $11.5M | $0 | $0 |
| 2023 | 3 | $12.3M | $0 | $0 |
| 2022 | 2 | $12.0M | $0 | $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 | $27,828 | — | $27,828 |
| JOHN HANCOCK RETIREMENT PLAN SEVIC | Recordkeeper | $23,408 | — | $23,408 |
| WILSHIRE | Other Service Provider | $5,881 | — | $5,881 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JOHN HANCOCK RETIREMENT PLAN SEVIC — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $57,117
- Estimated Expense Ratio: 0.497% 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 | $84,149 | $33,710 | $23,408 | $4,000 | — |
| 2023 | $130,006 | $37,152 | $21,478 | $14,500 | — |
| 2022 | $135,073 | $5,085 | $26,955 | — | $44,089 |