Plan Snapshot
- Plan Sponsor: Mitchell Nissan, INC.
- Sponsor EIN: 630942772
- Sponsor Address: 1640 EAST PARK AVE, ENTERPRISE, AL, 36330
- Plan Type: 401(k)
- Total Participants: 87
- Total Assets: $10.3M
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 | 87 | $10.3M | $221,001 | $348,031 |
| 2023 | 129 | $9.1M | $262,673 | $399,427 |
| 2022 | 114 | $7.7M | $336,986 | $476,104 |
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 |
|---|---|---|---|---|
| MCDANIEL AND ASSOCIATES, P.C. | Independent Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MCDANIEL AND ASSOCIATES, P.C. — Independent Auditor
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 | — | — | — | — | — |
| 2023 | $16,469 | $16,469 | — | — | — |
| 2022 | $39,937 | $19,474 | — | — | — |