Plan Snapshot
- Plan Sponsor: Automotive Benefit Association
- Sponsor EIN: 306591799
- Sponsor Address: PO BOX 12630, SAN DIEGO, CA, 92112
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 1,938
- Total Assets: $1.8M
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 | 1,938 | $1.8M | $23.7M | $94,108 |
| 2023 | 2,095 | $1.9M | $23.6M | $75,163 |
| 2022 | 2,228 | $1.6M | $22.8M | $50,485 |
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 |
|---|---|---|---|---|
| NAPA INSURANCE CENTER | Other Service Provider | $911,658 | — | $911,658 |
| TRUST BENEFIT CONSULTANTS | Other Service Provider | $616,792 | — | $616,792 |
| POLYCOMP ADMINISTRATION SERVICES | Recordkeeper | $374,266 | — | $374,266 |
| WOLDS LAW GROUP | Other Service Provider | $99,072 | — | $99,072 |
| MOSS ADAMS LLP | Other Service Provider | $45,443 | — | $45,443 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $2,047,231
- Estimated Expense Ratio: 111.482% 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 | $2,333,958 | — | $374,265 | $32,475 | — |
| 2023 | $2,247,844 | — | $371,081 | $29,400 | — |
| 2022 | $2,316,990 | — | $358,851 | — | $158,613 |