Plan Snapshot
- Plan Sponsor: Art'S Rental Equipment, INC.
- Sponsor EIN: 610956063
- Sponsor Address: 215 EAST SIXTH STREET, NEWPORT, KY, 41071
- Plan Type: 401(k)
- Total Participants: 185
- Total Assets: $31.9M
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 | 185 | $31.9M | $1.4M | $1.1M |
| 2023 | 172 | $29.7M | $1.6M | $1.0M |
| 2022 | 168 | $25.3M | $1.3M | $867,118 |
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 |
|---|---|---|---|---|
| CLARK SCHAEFER HACKETT & CO | Auditor | $13,500 | — | $13,500 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $13,500
- Estimated Expense Ratio: 0.042% 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 | $149,554 | $106,825 | — | $13,500 | — |
| 2023 | $140,695 | $98,589 | — | $11,800 | — |
| 2022 | $133,078 | — | $133,078 | — | — |