Plan Snapshot
- Plan Sponsor: Lighthouse Buick Gmc, INC. Dba Lighthouse Automotive
- Sponsor EIN: 364060340
- Sponsor Address: 100 W. JACKSON, MORTON, IL, 61550
- Plan Type: 401(k)
- Total Participants: 146
- Total Assets: $8.4M
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 | 146 | $8.4M | $185,747 | $533,315 |
| 2023 | 149 | $7.2M | $156,958 | $441,788 |
| 2022 | 100 | $6.2M | $155,040 | $356,485 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | RECORDKEEPER | $30,798 | — | $30,798 |
| WOODWARD & ASSOCIATES | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WOODWARD & ASSOCIATES — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $30,798
- Estimated Expense Ratio: 0.366% 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 | $33,337 | $2,539 | — | — | — |
| 2023 | $27,352 | $2,146 | — | — | — |
| 2022 | $29,174 | — | $29,174 | — | — |