Plan Snapshot
- Plan Sponsor: Everett Chevrolet, INC.
- Sponsor EIN: 560890670
- Sponsor Address: 161 HIGHWAY 70 SE, HICKORY, NC, 28602
- Plan Type: 401(k)
- Total Participants: 205
- Total Assets: $5.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 205 | $5.3M | $81,247 | $493,736 |
| 2023 | 199 | $4.4M | $70,044 | $435,130 |
| 2022 | 187 | $3.4M | $71,477 | $458,157 |
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 |
|---|---|---|---|---|
| GREGG & COMPANY, P.A. | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $6,221 | $3,591 | — | — | — |
| 2023 | $6,058 | $3,358 | — | — | — |
| 2022 | $6,992 | $2,912 | $4,080 | — | — |