Plan Snapshot
- Plan Sponsor: Gws Tool, LLC
- Sponsor EIN: 364790066
- Sponsor Address: 595 COUNTY ROAD 448, TAVARES, FL, 32778
- Plan Type: 401(k)
- Total Participants: 495
- Total Assets: $20.2M
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. |
|---|---|---|---|---|
| 2023 | 495 | $20.2M | $977,360 | $1.9M |
| 2022 | 491 | $17.8M | $802,474 | $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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | RECORDKEEPER | $94,364 | — | $94,364 |
| MERRILL LYNCH PIERCE FENNER | INVESTMENT ADVISOR | $84,764 | — | $84,764 |
| JULY BUSINESS SERVICES | CONTRACT ADMIN | $21,592 | $20,000 | $41,592 |
| EMPOWER ADVISORY GROUP, LLC | INVESTMENT MGMT | $26,576 | — | $26,576 |
| PLANCHECK CPA'S LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JULY BUSINESS SERVICES — CONTRACT ADMIN
- PLANCHECK CPA'S LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $247,296
- Estimated Expense Ratio: 1.222% 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 |
|---|---|---|---|---|---|
| 2023 | $99,422 | — | — | — | — |
| 2022 | $75,126 | — | $75,126 | — | — |