Plan Snapshot
- Plan Sponsor: Mcelroy Truck Lines, INC
- Sponsor EIN: 630575574
- Sponsor Address: 111 US HWY 80 SPUR ROAD, CUBA, AL, 36907
- Plan Type: 401(k)
- Total Participants: 555
- Total Assets: $9.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 555 | $9.9M | $278,375 | $798,956 |
| 2023 | 552 | $8.8M | $287,458 | $825,325 |
| 2022 | 545 | $7.6M | $225,212 | $757,855 |
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 |
|---|---|---|---|---|
| DYATECH LLC | CONTRACT ADMIN | $5,035 | $4,422 | $9,457 |
| EMPOWER ANNUITY INSURANCE COMPANY | RECORDKEEPER | $5,931 | — | $5,931 |
| REA, SHAW, GIFFIN, & STUART, LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $15,388
- Estimated Expense Ratio: 0.155% 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 | $981 | — | — | — | — |
| 2023 | $996 | — | — | — | — |
| 2022 | $3,651 | — | — | — | $3,651 |