Plan Snapshot
- Plan Sponsor: Dutch Miller Chevrolet, INC.
- Sponsor EIN: 550660979
- Sponsor Address: 1100 WASHINGTON AVE, HUNTINGTON, WV, 257040069
- Plan Type: 401(k)
- Total Participants: 373
- Total Assets: $7.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 373 | $7.8M | $243,597 | $1.0M |
| 2023 | 334 | $6.3M | $229,223 | $999,441 |
| 2022 | 347 | $4.9M | $222,736 | $985,629 |
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 |
|---|---|---|---|---|
| UNITED BANK | INVESTMENT ADVISOR | $29,876 | — | $29,876 |
| METRO BENEFITS, INC | CONTRACT ADMIN | $19,650 | — | $19,650 |
| EMPOWER ANNUITY INSURANCE COMPANTY | RECORDKEEPER | $11,700 | — | $11,700 |
| HENDERSON, HUTCHERSON & MCCULLOUGH | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $61,226
- Estimated Expense Ratio: 0.786% 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 | $47,989 | — | — | — | — |
| 2023 | $88,542 | $21,603 | $10,541 | $18,375 | — |
| 2022 | $54,439 | — | — | — | — |