Plan Snapshot
- Plan Sponsor: Buckeye Honda
- Sponsor EIN: 311107645
- Sponsor Address: 3820 PARKWAY LANE, HILLIARD, OH, 43026
- Plan Type: 401(k)
- Total Participants: 204
- Total Assets: $11.6M
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. |
|---|---|---|---|---|
| 2024 | 204 | $11.6M | $168,014 | $797,959 |
| 2023 | 196 | $10.2M | $158,327 | $811,147 |
| 2022 | 202 | $8.5M | $165,275 | $866,117 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE CO. | Recordkeeper | $75,883 | — | $75,883 |
| EDWARD JONES | Investment Advisor | — | $34,938 | $34,938 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $110,821
- Estimated Expense Ratio: 0.955% 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 | $75,883 | — | $75,883 | — | — |
| 2023 | $63,120 | — | $63,120 | — | — |
| 2022 | $58,500 | — | $58,410 | — | $90 |