Plan Snapshot
- Plan Sponsor: Foreign Auto Import, INC. D/B/A Toyota Of Watertow
- Sponsor EIN: 042234276
- Sponsor Address: 149 ARSENAL STREET, WATERTOWN, MA, 02472
- Plan Type: 401(k)
- Total Participants: 307
- Total Assets: $18.6M
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 | 307 | $18.6M | $118,350 | $1.6M |
| 2023 | 245 | $15.6M | $101,377 | $1.4M |
| 2022 | 239 | $13.0M | $94,331 | $1.4M |
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 |
|---|---|---|---|---|
| WITHUM SMITH & BROWN | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WITHUM SMITH & BROWN — Auditor
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 | $8,262 | $4,387 | — | — | — |
| 2023 | $6,469 | $3,819 | — | — | — |
| 2022 | $8,338 | $3,591 | — | — | — |