Plan Snapshot
- Plan Sponsor: Cannon Chevrolet Cadillac
- Sponsor EIN: 640946947
- Sponsor Address: 69900 HIGHWAY 82 W, GREENWOOD, MS, 38930
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 1,127
- Total Assets: $15.0M
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 | 1,127 | $15.0M | $0 | $0 |
| 2024 | 675 | $9.4M | $468,333 | $844,574 |
| 2023 | 635 | $7.9M | $441,674 | $808,532 |
| 2022 | 505 | $4.9M | $202,517 | $570,019 |
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 INSURANCE COMPANY | Recordkeeper | $105,021 | — | $105,021 |
| MML INVESTORS SERVICES LLC | Investment Advisor | — | $44,435 | $44,435 |
| ARES RETIREMENT PLAN SERVICES | Other Service Provider | $9,900 | $9,864 | $19,764 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $12,965 | — | $12,965 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $182,185
- Estimated Expense Ratio: 1.213% 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 | $1,248,183 | $105,499 | $9,900 | — | — |
| 2024 | $93,628 | $84,488 | $9,140 | — | — |
| 2023 | $61,873 | $53,693 | $8,180 | — | — |
| 2022 | $58,606 | $50,955 | $7,651 | — | — |