Plan Snapshot
- Plan Sponsor: Karl Chevrolet, INC.
- Sponsor EIN: 421092272
- Sponsor Address: 1101 SE ORALABOR RD., ANKENY, IA, 50021
- Plan Type: 401(k)
- Total Participants: 704
- Total Assets: $31.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 704 | $31.2M | $310,697 | $3.2M |
| 2023 | 683 | $25.6M | $320,647 | $2.9M |
| 2022 | 656 | $20.2M | $208,134 | $2.5M |
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 |
|---|---|---|---|---|
| ADP, INC. | Recordkeeper | $94,603 | — | $94,603 |
| INTELLICENTS INVESTMENT SOLUTIONS I | Investment Advisor | $32,007 | — | $32,007 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ADP, INC. — Recordkeeper
- INTELLICENTS INVESTMENT SOLUTIONS I — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $126,610
- Estimated Expense Ratio: 0.405% 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 | $126,610 | $32,007 | — | — | — |
| 2023 | $119,409 | $33,904 | — | — | — |
| 2022 | $126,783 | — | — | — | — |