# Friendship Automotive, INC. 401(k) Plan
Source: https://planprovider.pro/companies/friendship-automotive-inc-401k-plan

> Friendship Automotive, INC.'s 401(k) plan: 488 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

| CAPITAL GROUP RETIREMENT PLAN SVCS.|RECORDKEEPER|$38,942|—|$38,942|

| WELLS FARGO ADVISORS LLC|INVESTMENT ADVISOR|$34,497|—|$34,497|

| 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:** $73,439

- **Estimated Expense Ratio:** 0.649% 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|$73,439|$34,497|—|—|—|

| 2023|$69,305|$26,035|—|$15,600|—|

| 2022|$48,804|—|$48,804|—|—|

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