Plan Snapshot
- Plan Sponsor: Groff Tractor Mid Atlantic, LLC
- Sponsor EIN: 822037629
- Sponsor Address: 8404 KELSO DRIVE, ESSEX, MD, 21221
- Plan Type: 401(k)
- Total Participants: 110
- Total Assets: $9.2M
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: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 110 | $9.2M | $298,787 | $647,651 |
| 2023 | 115 | $7.9M | $242,365 | $489,969 |
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 |
|---|---|---|---|---|
| USI ADVISORS, INC. | Investment Advisor | — | $16,500 | $16,500 |
| PA RETIREMENT SOLUTIONS, INC. | Recordkeeper | $9,509 | — | $9,509 |
| VOYA RETIRE INS AND ANNUITY CO. | Recordkeeper | $7,659 | $4 | $7,663 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $33,672
- Estimated Expense Ratio: 0.367% 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 | $15,098 | — | $15,098 | — | — |
| 2023 | $5,203 | — | $1,500 | — | — |