# Central Motors INC. Of Norwood 401(k) Plan
Source: https://planprovider.pro/companies/central-motors-inc-of-norwood-401k-plan

> Central Motors INC. Of Norwood's 401(k) plan: 132 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|—|—|

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