Plan Snapshot
- Plan Sponsor: Lancaster County Motors, INC.
- Sponsor EIN: 231416596
- Sponsor Address: 5260 MAIN STREET, EAST PETERSBURG, PA, 17520
- Plan Type: 401(k)
- Total Participants: 186
- Total Assets: $13.1M
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 | 186 | $13.1M | $238,006 | $1.0M |
| 2023 | 141 | $11.2M | $273,309 | $1.1M |
| 2022 | 245 | $9.0M | $272,630 | $1.2M |
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 |
|---|---|---|---|---|
| CORNERSTONE ADVISORS ASSET MANAGEME | NONE | $54,157 | — | $54,157 |
| NEWPORT GROUP, INC. | NONE | $21,912 | — | $21,912 |
| TROUT CPA | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TROUT CPA — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $76,069
- Estimated Expense Ratio: 0.580% 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 | $76,069 | $54,157 | $21,912 | — | — |
| 2023 | $64,804 | $46,381 | $16,670 | — | — |
| 2022 | $64,141 | $44,086 | $15,646 | — | $4,409 |