Plan Snapshot
- Plan Sponsor: Koons Ford Of Annapolis, INC.
- Sponsor EIN: 520894275
- Sponsor Address: 2540 RIVA RD, ANNAPOLIS, MD, 21401
- Plan Type: 401(k)
- Total Participants: 71
- Total Assets: $11.6M
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 | 71 | $11.6M | $46,521 | $453,768 |
| 2023 | 74 | $10.2M | $67,710 | $468,466 |
| 2022 | 81 | $8.8M | $91,545 | $507,651 |
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 | $23,361 | — | $23,361 |
| GLOBAL RETIREMENT PARTNERS | Investment Advisor | $17,504 | — | $17,504 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ADP, INC. — Recordkeeper
- GLOBAL RETIREMENT PARTNERS — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $40,865
- Estimated Expense Ratio: 0.352% 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 | $40,866 | $17,504 | — | — | — |
| 2023 | $40,201 | $17,876 | — | — | — |
| 2022 | $39,308 | — | — | — | — |