Plan Snapshot
- Plan Sponsor: Banks Chevrolet-Cadillac, LLC
- Sponsor EIN: 020241455
- Sponsor Address: 137 MANCHESTER STREET, CONCORD, NH, 033015118
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 266
- Total Assets: $28.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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. |
|---|---|---|---|---|
| 2025 | 266 | $28.0M | $0 | $0 |
| 2024 | 203 | $22.7M | $625,835 | $1.1M |
| 2023 | 183 | $19.1M | $292,596 | $1.1M |
| 2022 | 183 | $17.6M | $280,851 | $1.1M |
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 |
|---|---|---|---|---|
| SENTINEL PENSION ADVISORS | Other Service Provider | $44,995 | — | $44,995 |
| SENTINEL BENEFITS GROUP, LLC | Other Service Provider | $6,795 | — | $6,795 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $51,790
- Estimated Expense Ratio: 0.185% 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 |
|---|---|---|---|---|---|
| 2025 | $707,709 | $44,995 | — | — | — |
| 2024 | $51,004 | $41,776 | — | — | — |
| 2023 | $46,448 | $38,897 | — | — | — |
| 2022 | $49,381 | $39,067 | — | — | $10,314 |