Plan Snapshot
- Plan Sponsor: Formel D Usa, INC.
- Sponsor EIN: 980425677
- Sponsor Address: 3 RESEARCH DR STE 110, GREENVILLE, SC, 29607
- Plan Type: 401(k)
- Total Participants: 207
- Total Assets: $2.9M
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 | 207 | $2.9M | $235,136 | $388,614 |
| 2023 | 265 | $2.7M | $263,128 | $377,149 |
| 2022 | 127 | $1.9M | $660,048 | $322,500 |
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 |
|---|---|---|---|---|
| HILL FOGG, P.C. | 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 | $46,754 | $9,585 | — | — | — |
| 2023 | $63,780 | — | — | — | — |
| 2022 | $104,450 | $14,720 | $89,730 | — | — |