Plan Snapshot
- Plan Sponsor: Fred Beans Ford, INC.
- Sponsor EIN: 231982412
- Sponsor Address: 3960 AIRPORT BLVD, DOYLESTOWN, PA, 18902
- Plan Type: 401(k)
- Total Participants: 2,351
- Total Assets: $116.6M
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 | 2,351 | $116.6M | $1.7M | $10.0M |
| 2023 | 1,726 | $98.1M | $1.7M | $9.0M |
| 2022 | 1,608 | $78.1M | $1.5M | $8.5M |
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 | Auditor | $18,500 | — | $18,500 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $18,500
- Estimated Expense Ratio: 0.016% 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 | $153,694 | $121,224 | — | $18,500 | — |
| 2023 | $129,813 | $99,243 | — | $18,000 | — |
| 2022 | $142,533 | — | — | — | — |