Plan Snapshot
- Plan Sponsor: Infinite Velocity Automotive, INC. Dba F.H. Dailey Chevrolet
- Sponsor EIN: 453126103
- Sponsor Address: 800 DAVIS ST., SAN LEANDRO, CA, 94557
- Plan Type: 401(k)
- Total Participants: 88
- Total Assets: $4.5M
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 | 88 | $4.5M | $55,149 | $442,013 |
| 2023 | 81 | $3.7M | $68,813 | $453,746 |
| 2022 | 90 | $2.8M | $51,196 | $386,164 |
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 |
|---|---|---|---|---|
| BAKER TILLY US, LLP | 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 | $11,588 | — | $3,228 | — | — |
| 2023 | $13,448 | — | $1,486 | — | — |
| 2022 | $14,216 | — | — | — | — |