Plan Snapshot
- Plan Sponsor: The Gores Group, LLC
- Sponsor EIN: 331066785
- Sponsor Address: 9800 WILSHIRE BLVD, BEVERLY HILLS, CA, 90212
- Plan Type: 401(k)
- Total Participants: 1,388
- Total Assets: $361.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 1,388 | $361.3M | $763,505 | $3.3M |
| 2023 | 3,333 | $362.1M | $1.9M | $6.7M |
| 2022 | 5,909 | $423.9M | $4.1M | $14.1M |
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 |
|---|---|---|---|---|
| MORGAN STANLEY | NONE | $191,612 | — | $191,612 |
| HOLTHOUSE CARLIN & VAN TRIGT LLP | NONE | $64,575 | — | $64,575 |
| THE GORES GROUP LLC | NONE | $52,354 | — | $52,354 |
| LITTLER MENDELSON, P.C. | NONE | $30,025 | — | $30,025 |
| EMPOWER ANNUITY INSURANCE COMPANY | NONE | $5,703 | — | $5,703 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORGAN STANLEY — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $344,269
- Estimated Expense Ratio: 0.095% 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 | $344,869 | $243,966 | — | $64,575 | — |
| 2023 | $296,211 | $191,612 | $6,067 | $63,070 | — |
| 2022 | $279,946 | $272,536 | $6,810 | — | — |