Plan Snapshot
- Plan Sponsor: Chalmers Ford, INC.
- Sponsor EIN: 850428532
- Sponsor Address: 2500 RIO RANCHO BLVD SE, RIO RANCHO, NM, 87124
- Plan Type: 401(k)
- Total Participants: 212
- Total Assets: $7.9M
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 | 212 | $7.9M | $0 | $1.1M |
| 2023 | 214 | $7.1M | $0 | $917,825 |
| 2022 | 181 | $6.5M | $0 | $811,032 |
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 |
|---|---|---|---|---|
| FIRST HEARTLAND CONSULTANTS INC | Other Service Provider | $35,506 | — | $35,506 |
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $29,442 | — | $29,442 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $64,948
- Estimated Expense Ratio: 0.826% 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 | $68,505 | $3,557 | — | — | — |
| 2023 | $62,203 | $2,821 | — | — | — |
| 2022 | $61,754 | — | $61,754 | — | — |