Plan Snapshot
- Plan Sponsor: Farmer Automotive Group
- Sponsor EIN: 593349739
- Sponsor Address: 8107 SHELBYVILLE ROAD, LOUISVILLE, KY, 40222
- Plan Type: 401(k)
- Total Participants: 557
- 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 | 557 | $7.9M | $200,451 | $1.7M |
| 2023 | 570 | $6.0M | $154,417 | $1.4M |
| 2022 | 457 | $4.4M | $66,307 | $922,121 |
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 |
|---|---|---|---|---|
| CHERRY BEKAERT LLP | 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 | $111,663 | $30,362 | — | — | — |
| 2023 | $73,047 | $14,573 | — | — | — |
| 2022 | $40,491 | — | — | — | — |