Plan Snapshot
- Plan Sponsor: Forrest Tire Company, INC.
- Sponsor EIN: 850352455
- Sponsor Address: P.O. BOX 1778, CARLSBAD, NM, 88221
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 168
- Total Assets: $22.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 168 | $22.4M | $323,119 | $381,432 |
| 2023 | 171 | $23.2M | $322,501 | $373,977 |
| 2022 | 177 | $18.9M | $295,524 | $332,824 |
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 |
|---|---|---|---|---|
| CARR, RIGGS & INGRAM, LLC | Other Service Provider | $55,960 | — | $55,960 |
| ROBINSON BURDETTE MARTIN & SERIGHT | Auditor | $24,000 | — | $24,000 |
| CRI TPA SERVICES | Other Service Provider | $9,425 | — | $9,425 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ROBINSON BURDETTE MARTIN & SERIGHT — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $89,385
- Estimated Expense Ratio: 0.399% 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 | $457,398 | $104,722 | — | — | — |
| 2023 | $494,384 | $97,662 | — | — | — |
| 2022 | $385,419 | — | $86,895 | — | $82,187 |