Plan Snapshot
- Plan Sponsor: Friendship Automotive, INC.
- Sponsor EIN: 621545625
- Sponsor Address: 1954 WEST STATE STREET, BRISTOL, TN, 37620
- Plan Type: 401(k)
- Total Participants: 488
- Total Assets: $11.3M
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 | 488 | $11.3M | $58,560 | $920,421 |
| 2023 | 470 | $9.4M | $33,623 | $908,049 |
| 2022 | 332 | $6.7M | $29,056 | $651,496 |
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 |
|---|---|---|---|---|
| HENDERSON HUTCHERSON & MCCULLOUGH | 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 | $73,439 | $34,497 | — | — | — |
| 2023 | $69,305 | $26,035 | — | $15,600 | — |
| 2022 | $48,804 | — | $48,804 | — | — |