Plan Snapshot
- Plan Sponsor: Drivers Village, INC.
- Sponsor EIN: 161614967
- Sponsor Address: 5885 EAST CIRCLE DRIVE, SUITE 200, CICERO, NY, 130398604
- Plan Type: Health & Welfare
- Plan Number: 503
- Total Participants: 268
- Total Assets: $1.3M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 268 | $1.3M | $1.6M | $755,300 |
| 2023 | 262 | $1.9M | $1.6M | $729,940 |
| 2022 | 232 | $2.4M | $1.4M | $678,497 |
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 |
|---|---|---|---|---|
| EXCELLUS BLUE CROSS BLUE SHIELD | Recordkeeper | $116,493 | — | $116,493 |
| DELTA DENTAL INSURANCE COMPANY | Recordkeeper | $23,407 | — | $23,407 |
| EXPRESS SCRIPTS, INC. | Recordkeeper | $12,164 | — | $12,164 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $152,064
- Estimated Expense Ratio: 11.424% 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 | $239,104 | $14,006 | $152,064 | — | — |
| 2023 | $261,481 | $13,334 | $154,095 | — | — |
| 2022 | $182,427 | $13,454 | $110,072 | — | — |