Plan Snapshot
- Plan Sponsor: Gladding Chevrolet, INC.
- Sponsor EIN: 520655624
- Sponsor Address: 7327 RITCHIE HWY, GLEN BURNIE, MD, 210613104
- Plan Type: 401(k)
- Total Participants: 150
- Total Assets: $13.8M
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 | 150 | $13.8M | $204,227 | $813,205 |
| 2023 | 148 | $14.9M | $183,150 | $744,217 |
| 2022 | 146 | $13.1M | $200,103 | $777,946 |
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, LLC | 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 | $82,304 | $2,997 | $76,357 | — | — |
| 2023 | $98,034 | $2,687 | $93,297 | — | — |
| 2022 | $102,643 | $2,724 | $99,919 | — | — |