# Gulf Air Group, INC. 401(k) Plan
Source: https://planprovider.pro/companies/gulf-air-group-inc-401k-plan

> Gulf Air Group, INC.&#39;s 401(k) plan: 119 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/fidelity-investments) — RECORDKEEPER

- [STRATEGIC ADVISORS, INC.](https://planprovider.pro/provider/creative-planning) — ADVISOR

- [HACKER JOHNSON & SMITH PA](https://planprovider.pro/provider/hacker-johnson-and-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|—|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/gulf-air-group-inc-401k-plan)

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