Plan Snapshot
- Plan Sponsor: Competition Imports
- Sponsor EIN: 111997503
- Sponsor Address: 10 JEFFERSON AVE, SAINT JAMES, NY, 11780
- Plan Type: 401(k)
- Total Participants: 416
- Total Assets: $22.9M
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 | 416 | $22.9M | $0 | $2.4M |
| 2023 | 400 | $20.6M | $0 | $2.2M |
| 2022 | 383 | $17.5M | $0 | $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 |
|---|---|---|---|---|
| EMPOWER LIFE & ANNUITY INSURANCE | RECORDKEEPER | $114,583 | — | $114,583 |
| NYLIFE SECURITIES LLC | BROKER/ADVISER | — | $52,929 | $52,929 |
| EMPOWER ADVISORY GROUP, LLC | INVESTMENT MGMT | $11,271 | — | $11,271 |
| SATTY LEVINE AND CIACCO CPA | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $178,783
- Estimated Expense Ratio: 0.780% 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 | $125,854 | $11,271 | — | — | — |
| 2023 | $109,101 | $9,569 | — | — | — |
| 2022 | $108,921 | — | $108,921 | — | — |