Plan Snapshot
- Plan Sponsor: Gulf Island Fabrication, INC.
- Sponsor EIN: 721147390
- Sponsor Address: 16225 PARK TEN PLACE, SUITE 300, HOUSTON, TX, 77084
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 1,216
- Total Assets: $60.1M
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: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 1,216 | $60.1M | $0 | $0 |
| 2024 | 780 | $57.6M | $707,488 | $3.3M |
| 2023 | 807 | $54.7M | $655,247 | $3.0M |
| 2022 | 742 | $48.8M | $431,932 | $2.9M |
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 | $149,965 | — | $149,965 |
| PRIME CAPITAL INVESTMENT ADVISORS, | Investment Advisor | $26,250 | — | $26,250 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $176,215
- Estimated Expense Ratio: 0.293% 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 |
|---|---|---|---|---|---|
| 2025 | $12,589,621 | — | $300 | — | — |
| 2024 | $176,544 | — | — | — | — |
| 2023 | $47,131 | $35,000 | — | — | — |
| 2022 | $16,308 | — | — | — | — |