Plan Snapshot
- Plan Sponsor: Faulkner Cadillac, INC.
- Sponsor EIN: 232139345
- Sponsor Address: 4447 E. STREET RD., TREVOSE, PA, 19053
- Plan Type: 401(k)
- Total Participants: 1,777
- Total Assets: $122.3M
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 | 1,777 | $122.3M | $2.4M | $8.4M |
| 2023 | 1,749 | $108.0M | $2.2M | $7.6M |
| 2022 | 1,664 | $91.7M | $2.1M | $7.3M |
| 2015 | 76 | $14.5M | $180,258 | $478,646 |
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 |
|---|---|---|---|---|
| BOYER & RITTER, LLC | Auditor | $25,000 | — | $25,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $25,000
- Estimated Expense Ratio: 0.020% 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 | $353,139 | $49,303 | — | $25,000 | — |
| 2023 | $305,268 | $41,264 | — | $26,750 | — |
| 2022 | $306,695 | — | $306,695 | — | — |
| 2015 | — | — | — | — | — |