# Competition Imports 401(k) Plan
Source: https://planprovider.pro/companies/competition-imports-401k-plan

> Competition Imports's 401(k) plan: 416 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|

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