Plan Snapshot
- Plan Sponsor: Bill Penney Motor Company, INC.
- Sponsor EIN: 630626817
- Sponsor Address: 4804 UNIVERSITY DRIVE, NW, HUNTSVILLE, AL, 35816
- Plan Type: 401(k)
- Total Participants: 229
- Total Assets: $3.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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. |
|---|---|---|---|---|
| 2024 | 229 | $3.7M | $0 | $533,008 |
| 2023 | 226 | $3.0M | $0 | $499,056 |
| 2022 | 219 | $2.3M | $0 | $292,771 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INS CO OF AMERICA | Recordkeeper | $26,325 | — | $26,325 |
| MORGAN STANLEY SMITH BARNEY LLC | Investment Advisor | — | $16,902 | $16,902 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $43,227
- Estimated Expense Ratio: 1.174% 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 | $24,398 | — | $24,398 | — | — |
| 2023 | $18,905 | — | $18,905 | — | — |
| 2022 | $4,639 | — | $4,639 | — | — |