Plan Snapshot
- Plan Sponsor: Automotive Aftermarket Association Southeast
- Sponsor EIN: 630013048
- Sponsor Address: 11245 CHANTILLY PARKWAY COURT, PIKE ROAD, AL, 36064
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 787
- Total Assets: $767,661
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 787 | $767,661 | $11.4M | $0 |
| 2023 | 905 | $462,226 | $12.7M | $0 |
| 2022 | 944 | $706,854 | $12.0M | $0 |
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 |
|---|---|---|---|---|
| AUTOMOTIVE AFTERMARKET ASSOCIATION | Other Service Provider | $225,517 | — | $225,517 |
| BLUE CROSS BLUE SHIELD OF ALABAMA | Other Service Provider | $48,472 | — | $48,472 |
| ALDRIDGE, BORDEN & COMPANY, P.C. | Other Service Provider | $32,112 | — | $32,112 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $306,101
- Estimated Expense Ratio: 39.875% 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 | $314,301 | $2,181 | $273,989 | $32,112 | — |
| 2023 | $357,660 | $4,775 | $303,088 | $43,119 | — |
| 2022 | $330,197 | $5,140 | $289,337 | — | $15,064 |