# Gulf Stream Marine, INC. 401(k) Plan
Source: https://planprovider.pro/companies/gulf-stream-marine-inc-401k-plan

> Gulf Stream Marine, INC.&#39;s 401(k) plan: 1,036 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Gulf Stream Marine, INC.

- **Sponsor EIN:** 760327304

- **Sponsor Address:** 10000 MANCHESTER AVE., HOUSTON, TX, 77012

- **Plan Type:** 401(k)

- **Total Participants:** 1,036

- **Total Assets:** $17.8M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** No

- **ERISA Section 404(c) Fiduciary Safe Harbor:** Yes

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|1,036|$17.8M|$689,344|$1.4M|

| 2023|670|$15.3M|$690,851|$1.3M|

| 2022|669|$12.1M|$645,977|$1.2M|

## 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|

| LPL FINANCIAL LLC|ADVISOR|$31,378|—|$31,378|

| ABIP, PC|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [LPL FINANCIAL LLC](https://planprovider.pro/provider/lpl-financial-llc) — ADVISOR

- [ABIP, PC](https://planprovider.pro/provider/abip-pc) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $31,378

- **Estimated Expense Ratio:** 0.176% 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|$31,530|$31,378|—|—|—|

| 2023|$24,870|$25,462|—|—|—|

| 2022|$28,374|—|—|—|—|

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