Plan Snapshot
- Plan Sponsor: Brake Parts INC LLC
- Sponsor EIN: 061248287
- Sponsor Address: 127 PUBLIC SQUARE, CLEVELAND, OH, 44114
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 1,267
- Total Assets: $36.1M
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. |
|---|---|---|---|---|
| 2023 | 1,267 | $36.1M | $0 | $1.7M |
| 2022 | 1,038 | $33.9M | $0 | $1.7M |
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 |
|---|---|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER AND S | Recordkeeper | $136,212 | — | $136,212 |
| CBIZ INVESTMENT ADVISORY SERVICS LL | Other Service Provider | $39,013 | — | $39,013 |
| BOBER MARKEY FEDOROVICH | Auditor | $21,500 | — | $21,500 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BOBER MARKEY FEDOROVICH — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $196,725
- Estimated Expense Ratio: 0.545% 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 |
|---|---|---|---|---|---|
| 2023 | $184,785 | $39,013 | — | $21,500 | — |
| 2022 | $243,715 | — | — | — | $236,715 |