Plan Snapshot
- Plan Sponsor: Apple Valley Ford, INC.
- Sponsor EIN: 411717918
- Sponsor Address: P.O. BOX 240299, APPLE VALLEY, MN, 55124
- Plan Type: 401(k)
- Total Participants: 711
- Total Assets: $33.9M
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. |
|---|---|---|---|---|
| 2024 | 711 | $33.9M | $852,495 | $3.1M |
| 2023 | 534 | $28.4M | $840,387 | $2.8M |
| 2022 | 504 | $21.8M | $725,560 | $2.4M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $10,890 | — | $10,890 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $5,503 | — | $5,503 |
| BRADY MARTZ | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- STRATEGIC ADVISORS, INC. — ADVISOR
- BRADY MARTZ — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $16,393
- Estimated Expense Ratio: 0.048% 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 | $16,393 | $5,503 | — | — | — |
| 2023 | $13,917 | $4,802 | — | — | — |
| 2022 | $9,917 | $2,682 | — | — | — |