Plan Snapshot
- Plan Sponsor: Autosales, INC. Dba Summit Racing Equipment
- Sponsor EIN: 341117102
- Sponsor Address: 1200 SOUTHEAST AVENUE, TALLMADGE, OH, 442783161
- Plan Type: 401(k)
- Total Participants: 1,851
- Total Assets: $250.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 1,851 | $250.1M | $7.7M | $7.5M |
| 2023 | 1,857 | $213.5M | $8.9M | $7.3M |
| 2022 | 1,886 | $168.3M | $6.7M | $7.0M |
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 |
|---|---|---|---|---|
| UBS | CONSULTANT | $183,040 | — | $183,040 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $128,430 | — | $128,430 |
| PEASE, CPAS | ACCOUNTANT/AUDITOR | $24,000 | — | $24,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- UBS — CONSULTANT
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- PEASE, CPAS — ACCOUNTANT/AUDITOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $335,470
- Estimated Expense Ratio: 0.134% 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 | $335,470 | — | — | $24,000 | — |
| 2023 | $229,590 | — | $600 | $22,500 | — |
| 2022 | $309,978 | — | — | — | — |