# Hoffman Car Wash, INC. 401(k) Plan
Source: https://planprovider.pro/companies/hoffman-car-wash-inc-401k-plan

> Hoffman Car Wash, INC.'s 401(k) plan: 383 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/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|—|—|

## Similar Plans

- [Delta Sonic Car Wash Systems, INC.](https://planprovider.pro/companies/delta-sonic-car-wash-systems-inc-401k-plan) — 1,346 participants

- [Monro, INC.](https://planprovider.pro/companies/monro-inc-401k-plan) — 8,038 participants

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