Plan Snapshot
- Plan Sponsor: Gulf Air Group, INC.
- Sponsor EIN: 592821261
- Sponsor Address: 5486 FAIRCHILD ROAD, CRESTVIEW, FL, 32539
- Plan Type: 401(k)
- Total Participants: 119
- Total Assets: $25.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 119 | $25.6M | $540,030 | $1.5M |
| 2023 | 110 | $21.8M | $486,191 | $1.3M |
| 2022 | 113 | $17.6M | $660,085 | $1.6M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $32,486 | — | $32,486 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $31,490 | — | $31,490 |
| HACKER JOHNSON & SMITH PA | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- STRATEGIC ADVISORS, INC. — ADVISOR
- HACKER JOHNSON & SMITH PA — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $63,976
- Estimated Expense Ratio: 0.250% 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 | $63,976 | $31,490 | — | — | — |
| 2023 | $60,082 | $32,423 | — | — | — |
| 2022 | $61,510 | $32,943 | — | — | — |