Plan Snapshot
- Plan Sponsor: International Cars, Ltd., INC.
- Sponsor EIN: 042550058
- Sponsor Address: 382 NEWBURY STREET, DANVERS, MA, 01923
- Plan Type: 401(k)
- Total Participants: 384
- Total Assets: $18.9M
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 | 384 | $18.9M | $284,909 | $2.1M |
| 2023 | 322 | $14.5M | $272,511 | $1.9M |
| 2022 | 314 | $11.1M | $257,351 | $1.7M |
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 |
|---|---|---|---|---|
| SENTINEL PENSION ADVISORS | N/A | $49,354 | — | $49,354 |
| SENTINEL BENEFITS & FINANCIAL GROUP | N/A | $34,208 | — | $34,208 |
| NATIONAL FINANCIAL SERVICES, LLC | N/A | $8,913 | — | $8,913 |
| WITHUM SMITH & BROWN | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SENTINEL PENSION ADVISORS — N/A
- SENTINEL BENEFITS & FINANCIAL GROUP — N/A
- WITHUM SMITH & BROWN — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $92,475
- Estimated Expense Ratio: 0.488% 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 | $92,475 | $49,354 | — | — | — |
| 2023 | $73,771 | $36,777 | — | — | — |
| 2022 | $70,420 | $34,020 | — | — | $36,400 |