Plan Snapshot
- Plan Sponsor: Gulf Equipment Corporation
- Sponsor EIN: 630879907
- Sponsor Address: 5540 BUSINESS PARKWAY, THEODORE, AL, 36582
- Plan Type: 401(k)
- Total Participants: 114
- Total Assets: $14.6M
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: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 114 | $14.6M | $381,794 | $702,513 |
| 2023 | 108 | $13.5M | $454,421 | $812,215 |
| 2022 | 119 | $11.3M | $392,352 | $702,872 |
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 |
|---|---|---|---|---|
| WARREN AVERETT, LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WARREN AVERETT, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $61,530 | — | $61,530 | — | — |
| 2023 | $56,701 | — | $56,701 | — | — |
| 2022 | $64,569 | — | $64,569 | — | — |