Plan Snapshot
- Plan Sponsor: The Gel Group, INC.
- Sponsor EIN: 570713831
- Sponsor Address: 2040 SAVAGE ROAD, CHARLESTON, SC, 29407
- Plan Type: 401(k)
- Total Participants: 363
- Total Assets: $43.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 363 | $43.1M | $730,004 | $2.8M |
| 2023 | 352 | $36.3M | $615,788 | $2.5M |
| 2022 | 337 | $31.1M | $667,841 | $2.1M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $68,510 | — | $68,510 |
| MMA SECURITIES LLC | CONTRACT ADMINISTRATOR | $59,729 | — | $59,729 |
| MOSS AND YANTIS, CPA PA | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MMA SECURITIES LLC — CONTRACT ADMINISTRATOR
- MOSS AND YANTIS, CPA PA — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $128,239
- Estimated Expense Ratio: 0.297% 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 | $128,232 | $46,078 | $82,154 | — | — |
| 2023 | $95,979 | $23,986 | $71,993 | — | — |
| 2022 | $105,119 | $51,809 | $53,310 | — | — |