Plan Snapshot
- Plan Sponsor: Mcgriff Tire Company, INC.
- Sponsor EIN: 630339542
- Sponsor Address: 86 WALNUT ST NW, CULLMAN, AL, 35055
- Plan Type: 401(k)
- Total Participants: 407
- Total Assets: $17.3M
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 | 407 | $17.3M | $391,460 | $1.3M |
| 2023 | 445 | $15.2M | $590,445 | $1.2M |
| 2022 | 438 | $12.5M | $552,305 | $974,332 |
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 |
|---|---|---|---|---|
| MERRILL LYNCH PIERCE FENNER & SMITH | INVESTMENT ADVISOR | $27,593 | — | $27,593 |
| EMPOWER ANNUITY INSURANCE COMPANY O | RECORDKEEPER | $13,401 | — | $13,401 |
| WARREN AVERETT, LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WARREN AVERETT, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $40,994
- Estimated Expense Ratio: 0.237% 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 | $43,161 | $29,760 | — | — | — |
| 2023 | $25,332 | $22,670 | — | — | — |
| 2022 | $52,301 | — | $52,301 | — | — |