Recordkeeping fees per participant
not reported
Not reported on this filing.
Employers › Defiance › plan 002
GT Technologies 401(k) Savings Plan
- Sponsor Defiance
- Plan number 002
- Plan year 2024
- $10-50M in assets
- single-employer
Administrative expenses excluding investment management, per participant · GT Technologies 401(k) Savings Plan · plan year 2024
$91.05
Higher than 39% of the 24,371 plans $10 to 50M that report it.
Source
= $29,591 / 325
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251013150727NAL0003306402001, received 2025-10-13
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251013150727NAL0003306402001, received 2025-10-13
Percentiles compare this plan with the Schedule H plans $10 to 50M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-10-13.
Cost and contributions
Administrative expenses per participant
$91.05
Higher than 25% of the 25,098 plans $10 to 50M that report it.
Source
= $29,591 / 325
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251013150727NAL0003306402001, received 2025-10-13
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251013150727NAL0003306402001, received 2025-10-13
Administrative expenses as a share of assets
0.134%
Higher than 25% of the 25,132 plans $10 to 50M that report it.
Source
= $29,591 / $22,037,874
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251013150727NAL0003306402001, received 2025-10-13
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251013150727NAL0003306402001, received 2025-10-13
Employer contributions per participant
$1,476
Higher than 32% of the 24,050 plans $10 to 50M that report it.
Source
= $479,619 / 325
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251013150727NAL0003306402001, received 2025-10-13
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251013150727NAL0003306402001, received 2025-10-13
Employer share of total contributions
27.1%
Higher than 47% of the 24,084 plans $10 to 50M that report it.
Source
= $479,619 / $1,771,463
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251013150727NAL0003306402001, received 2025-10-13
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251013150727NAL0003306402001, received 2025-10-13
Plan features
2E profit-sharing · 2J 401(k) feature · 2K 401(m) arrangement · 3D IRS pre-approved plan · 2S pre-approved plan document · 2T default investment (QDIA) · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251013150727NAL0003306402001, received 2025-10-13
Full record, GT Technologies 401(k) Savings Plan
| Field | Value | Source |
|---|---|---|
| Plan sponsor | GT TECHNOLOGIES INC. | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251013150727NAL0003306402001, received 2025-10-13 |
| Plan name | GT TECHNOLOGIES 401(K) SAVINGS PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20251013150727NAL0003306402001, received 2025-10-13 |
| Sponsor EIN / plan number | 34-1526359 / 002 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251013150727NAL0003306402001, received 2025-10-13 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251013150727NAL0003306402001, received 2025-10-13 |
| Sponsor location | WESTLAND, MI | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251013150727NAL0003306402001, received 2025-10-13 |
| Industry (business code) | 325900, Manufacturing | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20251013150727NAL0003306402001, received 2025-10-13 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251013150727NAL0003306402001, received 2025-10-13 |
| Filing received | 2025-10-13 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251013150727NAL0003306402001, received 2025-10-13 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251013150727NAL0003306402001, received 2025-10-13 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20251013150727NAL0003306402001, received 2025-10-13 |
| Participants, beginning of year | 328 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251013150727NAL0003306402001, received 2025-10-13 |
| Active participants | 257 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251013150727NAL0003306402001, received 2025-10-13 |
| Participants, end of year | 341 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251013150727NAL0003306402001, received 2025-10-13 |
| Participants with an account balance | 325 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251013150727NAL0003306402001, received 2025-10-13 |
| Total assets, beginning of year | $21,003,667 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251013150727NAL0003306402001, received 2025-10-13 |
| Total assets, end of year | $22,037,874 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251013150727NAL0003306402001, received 2025-10-13 |
| Net assets, end of year | $22,037,874 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251013150727NAL0003306402001, received 2025-10-13 |
| Total income | $5,125,151 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251013150727NAL0003306402001, received 2025-10-13 |
| Net income | $1,034,207 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251013150727NAL0003306402001, received 2025-10-13 |
| Employer contributions | $479,619 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251013150727NAL0003306402001, received 2025-10-13 |
| Participant contributions | $1,192,516 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251013150727NAL0003306402001, received 2025-10-13 |
| Other contributions (incl. rollovers) | $99,328 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251013150727NAL0003306402001, received 2025-10-13 |
| Total contributions | $1,771,463 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251013150727NAL0003306402001, received 2025-10-13 |
| Benefit payments | $4,060,410 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251013150727NAL0003306402001, received 2025-10-13 |
| Total expenses (incl. benefit payments) | $4,090,944 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251013150727NAL0003306402001, received 2025-10-13 |
| Total administrative expenses | $29,591 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251013150727NAL0003306402001, received 2025-10-13 |
| Contract administrator fees | $10,505 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20251013150727NAL0003306402001, received 2025-10-13 |
| IQPA audit fees | $19,086 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20251013150727NAL0003306402001, received 2025-10-13 |
| Administrative expenses excluding investment management | $29,591 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251013150727NAL0003306402001, received 2025-10-13 |
| Held in mutual funds | $20,395,410 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251013150727NAL0003306402001, received 2025-10-13 |
| Independent auditor | PLANTE & MORAN, PLLC | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251013150727NAL0003306402001, received 2025-10-13 |
Position = column in the DOL layout for form year 2024. Filing 20251013150727NAL0003306402001, received 2025-10-13.
Service providers paid directly by the plan
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| PLANTE & MORAN, PLLC | RETAINED BY CLIENT | 10 Accounting (including auditing) | $19,086 | no |
| JOHN HANCOCKrecordkeeper | RETAINED BY CLIENT | 15 Recordkeeping and information management; 64 Recordkeeping fees; 37 Participant loan processing; 62 Float revenue | $10,505 | yes |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20251013150727NAL0003306402001, received 2025-10-13.
What changed since the 2023 plan year
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $21,003,667 | $22,037,874 | 4.9% |
| Participants with a balance | 312 | 325 | 4.2% |
| Administrative expenses | $24,523 | $29,591 | 20.7% |
| Recordkeeping fees per participant | not reported | not reported | |
| Employer contributions | $442,712 | $479,619 | 8.3% |
Prior filing 20241014133116NAL0013353635001, received 2024-10-14; the plan years are contiguous.