Plan Snapshot
- Plan Sponsor: Dan Deery Motor Co.
- Sponsor EIN: 421122479
- Sponsor Address: 7404 UNIVERSITY AVE., CEDAR FALLS, IA, 50613
- Plan Type: 401(k)
- Total Participants: 141
- Total Assets: $15.9M
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 | 141 | $15.9M | $293,692 | $952,167 |
| 2023 | 130 | $14.1M | $262,368 | $913,864 |
| 2022 | 180 | $11.6M | $240,212 | $960,106 |
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 SECURITIES INC | Investment Advisor | — | $27,105 | $27,105 |
| EMPOWER ANNUITY INS. CO OF AMERICA | Recordkeeper | $21,814 | — | $21,814 |
| THE FINWAY GROUP LLC | Other Service Provider | $18,838 | — | $18,838 |
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $6,829 | — | $6,829 |
| NATIONAL AUTOMOBILE DEALERS ASSOC | Other Service Provider | $6,675 | — | $6,675 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $81,261
- Estimated Expense Ratio: 0.512% 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 | $44,302 | — | $44,302 | — | — |
| 2023 | $17,971 | — | $17,971 | — | — |
| 2022 | $17,892 | — | $17,892 | — | — |