Plan Snapshot
- Plan Sponsor: Heartland Automotive, LLC Dba Gateway Chevrolet
- Sponsor EIN: 450458558
- Sponsor Address: 501 SOUTH 38TH STREET, PO BOX 2867, FARGO, ND, 58103
- Plan Type: 401(k)
- Total Participants: 246
- Total Assets: $12.8M
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 | 246 | $12.8M | $564,153 | $879,116 |
| 2023 | 196 | $10.3M | $235,576 | $625,146 |
| 2022 | 193 | $7.0M | $215,857 | $548,151 |
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 |
|---|---|---|---|---|
| RBC CAPITAL MARKETS CORP | RIA | — | $42,569 | $42,569 |
| BRADY MARTZ & ASSOCIATES P.C. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- RBC CAPITAL MARKETS CORP — RIA
- BRADY MARTZ & ASSOCIATES P.C. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $42,569
- Estimated Expense Ratio: 0.332% 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 | $94,782 | $42,569 | $48,038 | — | — |
| 2023 | $74,357 | $30,745 | $40,887 | — | — |
| 2022 | $63,308 | $25,909 | $32,939 | — | $4,460 |