Plan Snapshot
- Plan Sponsor: Don Beyer Motors, INC.
- Sponsor EIN: 540947606
- Sponsor Address: 1231 W BROAD ST, FALLS CHURCH, VA, 220462117
- Plan Type: 401(k)
- Total Participants: 340
- Total Assets: $20.1M
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. |
|---|---|---|---|---|
| 2023 | 340 | $20.1M | $387,833 | $2.4M |
| 2022 | 280 | $15.4M | $313,529 | $1.8M |
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 | $106,068 | — | $106,068 |
| FAMILY OFFICE RESEARCH | INVESTMENT ADVISORY | $67,492 | $42 | $67,534 |
| BOYER & RITTER, LLC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $173,602
- Estimated Expense Ratio: 0.863% 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 |
|---|---|---|---|---|---|
| 2023 | $86,780 | $33,746 | $53,034 | — | — |
| 2022 | $78,343 | $31,064 | $47,279 | — | — |