Plan Snapshot
- Plan Sponsor: Central Motors INC. Of Norwood
- Sponsor EIN: 042037412
- Sponsor Address: 56 BOSTON PROVIDENCE TPKE, NORWOOD, MA, 02062
- Plan Type: 401(k)
- Total Participants: 132
- Total Assets: $13.0M
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 | 132 | $13.0M | $84,695 | $642,788 |
| 2023 | 180 | $11.2M | $87,093 | $664,620 |
| 2022 | 186 | $9.1M | $84,321 | $652,403 |
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 |
|---|---|---|---|---|
| CITRIN COOPERMAN & CO, 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 | $7,696 | — | — | — | — |
| 2023 | $6,921 | — | — | — | — |
| 2022 | $7,244 | — | — | — | — |