Plan Snapshot
- Plan Sponsor: Gengras Motor Cars, INC.
- Sponsor EIN: 200807108
- Sponsor Address: 60 HARTLAND STREET 3RD FLOOR, EAST HARTFORD, CT, 06108
- Plan Type: 401(k)
- Total Participants: 321
- Total Assets: $17.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 321 | $17.9M | $163,546 | $1.4M |
| 2023 | 315 | $15.8M | $182,043 | $1.3M |
| 2022 | 305 | $13.1M | $204,080 | $1.3M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INS CO OF AMERICA | RECORDKEEPER | $65,106 | — | $65,106 |
| NATIONAL AUTOMOBILE DEALERS ASSOC | OTHER | $19,083 | — | $19,083 |
| CLIFTONLARSONALLEN LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CLIFTONLARSONALLEN LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $84,189
- Estimated Expense Ratio: 0.470% 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 | $69,020 | — | — | — | — |
| 2023 | $59,428 | — | — | — | — |
| 2022 | $73,165 | — | $73,165 | — | — |