Plan Snapshot
- Plan Sponsor: Kool Chevrolet INC.
- Sponsor EIN: 381491823
- Sponsor Address: 3770 PLAINFIELD AVE NE, GRAND RAPIDS, MI, 495252404
- Plan Type: 401(k)
- Total Participants: 198
- Total Assets: $18.1M
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 | 198 | $18.1M | $192,166 | $1.1M |
| 2023 | 213 | $16.3M | $190,628 | $1.1M |
| 2022 | 206 | $13.8M | $179,471 | $1.1M |
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 |
|---|---|---|---|---|
| MONROE, SWEERIS & TROMP, PLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MONROE, SWEERIS & TROMP, PLC — Auditor
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 | $36,153 | — | $36,153 | — | — |
| 2023 | $31,734 | — | $31,734 | — | — |
| 2022 | $29,554 | — | $29,554 | — | — |