Plan Snapshot
- Plan Sponsor: Best Chevrolet, INC.
- Sponsor EIN: 042225062
- Sponsor Address: 128 DERBY ST., HINGHAM, MA, 02043
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 161
- Total Assets: $8.1M
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 | 161 | $8.1M | $0 | $0 |
| 2024 | 108 | $7.4M | $46,351 | $556,976 |
| 2023 | 109 | $7.4M | $112,743 | $568,999 |
| 2022 | 112 | $7.1M | $68,076 | $593,732 |
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 |
|---|---|---|---|---|
| JOHN HANCOCK RETIREMENT PLAN SERVIC | Other Service Provider | $39,370 | — | $39,370 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $39,370
- Estimated Expense Ratio: 0.488% 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 | $1,171,080 | — | $2,717 | — | — |
| 2024 | $54,390 | — | — | — | — |
| 2023 | $33,212 | — | — | — | — |
| 2022 | $9,067 | $1,140 | — | — | — |