Plan Snapshot
- Plan Sponsor: Al Baumann Chevrolet Buick, INC.
- Sponsor EIN: 344471507
- Sponsor Address: 2379 W. STATE ST., FREMONT, OH, 43420
- Plan Type: 401(k)
- Total Participants: 234
- Total Assets: $17.1M
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 | 234 | $17.1M | $260,337 | $772,736 |
| 2023 | 240 | $15.1M | $240,409 | $839,078 |
| 2022 | 219 | $13.7M | $291,455 | $878,892 |
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 O | Recordkeeper | $57,131 | — | $57,131 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $8,327 | — | $8,327 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $65,458
- Estimated Expense Ratio: 0.382% 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 | $65,458 | $8,327 | — | — | — |
| 2023 | $58,956 | $7,067 | — | — | — |
| 2022 | $58,208 | $6,642 | $51,166 | — | $400 |