Plan Snapshot
- Plan Sponsor: Button Motors INC.
- Sponsor EIN: 350819046
- Sponsor Address: 1220 EAST BLVD., KOKOMO, IN, 46904
- Plan Type: 401(k)
- Total Participants: 231
- Total Assets: $12.6M
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 | 231 | $12.6M | $306,081 | $842,665 |
| 2023 | 235 | $11.8M | $336,927 | $869,368 |
| 2022 | 221 | $9.8M | $321,674 | $856,221 |
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 |
|---|---|---|---|---|
| CHERRY BEKAERT LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $50,665 | — | — | — | — |
| 2023 | $49,431 | — | $34,451 | — | — |
| 2022 | $54,481 | — | $47,340 | — | — |