Plan Snapshot
- Plan Sponsor: Hoffman Car Wash, INC.
- Sponsor EIN: 141515338
- Sponsor Address: 16 KAIRNES STREET, ALBANY, NY, 12205
- Plan Type: 401(k)
- Total Participants: 383
- Total Assets: $30.6M
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 | 383 | $30.6M | $952,402 | $1.4M |
| 2023 | 338 | $26.3M | $839,731 | $1.2M |
| 2022 | 318 | $22.3M | $790,585 | $1.1M |
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 LIFE & ANNUITY INS CO NY | RECORDKEEPER | $38,994 | — | $38,994 |
| TEAL BECKER & CHIARAMONTE, CPAS PC | CONTRACT ADMIN | $8,720 | $10,000 | $18,720 |
| TROUT EBERSOLE & GROFF LLP | AUDITOR | $14,900 | — | $14,900 |
| HOFFMAN CAR WASH INC. | OTHER | $6,000 | — | $6,000 |
| TROUT CPA | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TROUT CPA — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $78,614
- Estimated Expense Ratio: 0.257% 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 | $71,430 | — | $71,430 | — | — |
| 2023 | $131,957 | — | $131,957 | — | — |
| 2022 | $135,675 | — | $135,675 | — | — |