Plan Snapshot
- Plan Sponsor: Memorial Motors, INC.
- Sponsor EIN: 591602368
- Sponsor Address: 2925 MALL HILL DRIVE, LAKELAND, FL, 33810
- Plan Type: 401(k)
- Total Participants: 3,232
- Total Assets: $25.1M
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 | 3,232 | $25.1M | $590,376 | $3.5M |
| 2023 | 2,714 | $20.8M | $574,914 | $3.4M |
| 2022 | 2,310 | $14.9M | $541,854 | $3.2M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $158,119 | — | $158,119 |
| PRINCIPAL SECURITIES INC | OTHER SERVICES | — | $45,389 | $45,389 |
| JANET A. PANEBIANCO, CPA, PLLC | CONTRACT ADMINISTRATOR | $19,225 | $10,107 | $29,332 |
| WALL TITUS, LLC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $232,840
- Estimated Expense Ratio: 0.926% 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 | $177,344 | — | $177,344 | — | — |
| 2023 | $136,305 | — | $136,305 | — | — |
| 2022 | $113,387 | — | $113,387 | — | — |