# Colony Tire Corporation 401(k) Plan
Source: https://planprovider.pro/companies/colony-tire-corporation-401k-plan

> Colony Tire Corporation's 401(k) plan: 918 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Colony Tire Corporation

- **Sponsor EIN:** 562167232

- **Sponsor Address:** 1429 NORTH BROAD ST., EDENTON, NC, 27932

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

- **Total Participants:** 918

- **Total Assets:** $38.8M

## 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|918|$38.8M|$882,630|$2.3M|

| 2023|862|$33.6M|$946,989|$2.3M|

| 2022|795|$27.3M|$906,492|$2.2M|

## 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|

| SECURITIES AMERICA|BROKER/DEALER|—|$35,245|$35,245|

| FIDELITY INVESTMENTS INSTITUTIONAL|RECORDKEEPER|$27,548|—|$27,548|

| HANTZMON WIEBEL LLP|ACCOUNTANT/AUDITOR|$17,500|—|$17,500|

| NOVA 401K ASSOCIATES|THIRD PARTY ADM.|—|$12,582|$12,582|

| ADMINISTRATIVE FIDUCIARY SERVICES|CONSULTANT|$6,207|—|$6,207|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [SECURITIES AMERICA](https://planprovider.pro/provider/equitable) — BROKER/DEALER

- [FIDELITY INVESTMENTS INSTITUTIONAL](https://planprovider.pro/provider/fidelity-investments) — RECORDKEEPER

- [HANTZMON WIEBEL LLP](https://planprovider.pro/provider/hantzmon-wiebel-llp) — ACCOUNTANT/AUDITOR

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $99,082

- **Estimated Expense Ratio:** 0.256% 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|$226,650|$12,358|$144,761|$11,000|—|

| 2023|$161,805|$14,953|$146,852|—|—|

| 2022|$192,732|$192,732|—|—|—|

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