Plan Snapshot
- Plan Sponsor: Gulfspan Industrial, LLC
- Sponsor EIN: 450910052
- Sponsor Address: PO BOX 20318, BEAUMONT, TX, 777200318
- Plan Type: 401(k)
- Total Participants: 213
- Total Assets: $10.7M
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. |
|---|---|---|---|---|
| 2024 | 213 | $10.7M | $207,376 | $830,999 |
| 2023 | 229 | $9.5M | $391,209 | $992,255 |
| 2022 | 270 | $7.9M | $236,521 | $902,228 |
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 |
|---|---|---|---|---|
| COOK PARKER & ASSOCIATES LLC | Auditor | $10,025 | — | $10,025 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $10,025
- Estimated Expense Ratio: 0.094% 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 | $26,998 | — | — | $10,025 | — |
| 2023 | $19,392 | — | — | $9,995 | — |
| 2022 | $6,689 | — | $6,689 | — | — |