Plan Snapshot
- Plan Sponsor: Jack Madden Ford Sales, INC.
- Sponsor EIN: 042175373
- Sponsor Address: 825 PROVIDENCE HIGHWAY, NORWOOD, MA, 020624710
- Plan Type: 401(k)
- Total Participants: 173
- Total Assets: $9.1M
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 | 173 | $9.1M | $113,500 | $775,211 |
| 2023 | 148 | $8.1M | $132,445 | $790,491 |
| 2022 | 142 | $6.8M | $102,528 | $793,805 |
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 |
|---|---|---|---|---|
| WITHUM SMITH & BROWN, PC | Auditor | $10,556 | — | $10,556 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WITHUM SMITH & BROWN, PC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $10,556
- Estimated Expense Ratio: 0.116% 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 | $45,763 | $11,400 | — | $10,556 | — |
| 2023 | $42,391 | $11,400 | — | $9,900 | — |
| 2022 | $40,963 | — | — | — | — |