Plan Snapshot
- Plan Sponsor: Mcgee Motor Cars, INC. D/B/A Mcgee Toyota
- Sponsor EIN: 042547653
- Sponsor Address: 860 WASHINGTON STREET, HANOVER, MA, 02339
- Plan Type: 401(k)
- Total Participants: 646
- Total Assets: $9.6M
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 | 646 | $9.6M | $0 | $891,588 |
| 2023 | 472 | $8.4M | $0 | $772,844 |
| 2022 | 367 | $7.0M | $0 | $612,759 |
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 |
|---|---|---|---|---|
| TSS FINANCIAL PAETNERS LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $30,749 | $5,863 | — | — | — |
| 2023 | $31,183 | $1,144 | — | — | — |
| 2022 | $7,114 | $6 | — | — | — |