Plan Snapshot
- Plan Sponsor: The Garrett Companies
- Sponsor EIN: 465670071
- Sponsor Address: 1051 GREENWOOD SPRINGS BLVD., GREENWOOD, IN, 46143
- Plan Type: 401(k)
- Total Participants: 0
- Total Assets: $0
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 | 0 | $0 | $0 | $0 |
| 2024 | 346 | $11.6M | $1.2M | $1.4M |
| 2023 | 271 | $7.7M | $873,055 | $1.1M |
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 | $45,980 | — | $45,980 |
| LATITUDE SERVICE COMPANY INC | CONTRACT ADMIN | $29,013 | — | $29,013 |
| EMPOWER ADVISORY GROUP,LLC | INVESTMENT MGMT | $9,944 | — | $9,944 |
| SIKICH CPA LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SIKICH CPA LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $84,937
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 | $72,493 | $10,732 | $1,269 | — | — |
| 2024 | $88,089 | $9,944 | $29,013 | — | — |
| 2023 | $45,887 | — | — | — | — |