Plan Snapshot
- Plan Sponsor: Jerrys Ford Sales, INC.
- Sponsor EIN: 845183052
- Sponsor Address: 18 FT EVANS RD, LEESBURG, VA, 20176
- Plan Type: 401(k)
- Total Participants: 75
- Total Assets: $10.9M
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 | 75 | $10.9M | $100,103 | $471,543 |
| 2023 | 77 | $9.9M | $95,732 | $331,553 |
| 2022 | 84 | $9.0M | $0 | $347,602 |
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 |
|---|---|---|---|---|
| VOYA RETIREMENT INSURANCE & ANNUITY | Other Service Provider | $50,666 | — | $50,666 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $50,666
- Estimated Expense Ratio: 0.466% 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 | $50,666 | — | $49,866 | — | — |
| 2023 | $42,907 | — | $42,457 | — | — |
| 2022 | $47,313 | — | — | — | — |