Plan Snapshot
- Plan Sponsor: Arc Automotive, INC.
- Sponsor EIN: 621812438
- Sponsor Address: 1729 MIDPARK RD, KNOXVILLE, TN, 379215978
- Plan Type: 401(k)
- Total Participants: 133
- Total Assets: $14.1M
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 | 133 | $14.1M | $283,379 | $964,085 |
| 2023 | 232 | $13.5M | $366,165 | $1.0M |
| 2022 | 156 | $12.0M | $322,836 | $868,296 |
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 | $79,946 | — | $79,946 |
| MERRILL LYNCH | CONSULTANT | — | $26,449 | $26,449 |
| PUGH & COMPANY, P.C. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MERRILL LYNCH — CONSULTANT
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $106,395
- Estimated Expense Ratio: 0.755% 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 | $79,946 | — | $79,946 | — | — |
| 2023 | $71,194 | — | $71,194 | — | — |
| 2022 | $61,920 | — | $61,920 | — | — |