Plan Snapshot
- Plan Sponsor: Love Auto Group
- Sponsor EIN: 570145046
- Sponsor Address: 1255 KNOX ABBOTT DRIVE, COLUMBIA, SC, 29033
- Plan Type: 401(k)
- Total Participants: 142
- Total Assets: $8.8M
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 | 142 | $8.8M | $88,894 | $710,223 |
| 2023 | 137 | $7.9M | $79,003 | $664,329 |
| 2022 | 139 | $7.6M | $90,593 | $673,940 |
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 |
|---|---|---|---|---|
| COULTER & JUSTUS | Auditor | $6,500 | — | $6,500 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $6,500
- Estimated Expense Ratio: 0.074% 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 | $78,423 | — | — | $6,500 | — |
| 2023 | $75,760 | — | — | — | — |
| 2022 | $73,543 | — | $73,543 | — | — |