# Koons Of Silver Spring, INC. 401(k) Plan
Source: https://planprovider.pro/companies/koons-of-silver-spring-inc-401k-plan

> Koons Of Silver Spring, INC.'s 401(k) plan: 166 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Koons Of Silver Spring, INC.

- **Sponsor EIN:** 271922654

- **Sponsor Address:** 3111 AUTOMOBILE BLVD, SILVER SPRING, MD, 20904

- **Plan Type:** 401(k)

- **Total Participants:** 166

- **Total Assets:** $8.5M

## 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|166|$8.5M|$240,867|$712,384|

| 2023|130|$7.3M|$166,569|$693,614|

| 2022|114|$5.6M|$251,203|$712,404|

## 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|

| FIDELITY WORKPLACE SERVICES, LLC|PLAN ADMINISTRATOR|$21,635|—|$21,635|

| CETERA INVESTMENT ADVISORS LLC|ADVISOR|$11,060|—|$11,060|

| BAKER TILLY US, LLP|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [BAKER TILLY US, LLP](https://planprovider.pro/provider/baker-tilly-us-llp) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $32,695

- **Estimated Expense Ratio:** 0.385% 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|$32,694|$11,060|$2,553|—|—|

| 2023|$22,853|$8,933|—|—|—|

| 2022|$34,619|—|—|—|—|

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