# Charlie'S Motor Mall, INC. 401(k) Plan
Source: https://planprovider.pro/companies/charlie-s-motor-mall-inc-401k-plan

> Charlie'S Motor Mall, INC.'s 401(k) plan: 222 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Charlie'S Motor Mall, INC.

- **Sponsor EIN:** 010414931

- **Sponsor Address:** PO BOX 5250, AUGUSTA, ME, 043325250

- **Plan Type:** 401(k)

- **Total Participants:** 222

- **Total Assets:** $20.8M

## 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|222|$20.8M|$216,731|$1.3M|

| 2023|220|$18.6M|$231,466|$1.3M|

| 2022|204|$15.8M|$224,945|$1.2M|

## 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 COMPANY|CONTRACT ADMINISTRATOR|$90,716|—|$90,716|

| VALMARK ADVISERS|INVESTMENT ADVISORY|—|$27,902|$27,902|

| ALBIAN, RANDALL & BENNETT, CPA|Auditor|—|—|$0|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $118,618

- **Estimated Expense Ratio:** 0.570% 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|$90,716|—|$90,716|—|—|

| 2023|$71,957|—|$71,957|—|—|

| 2022|$72,842|—|$72,842|—|—|

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