Plan Snapshot
- Plan Sponsor: Morristown Drivers Service, INC.
- Sponsor EIN: 621156959
- Sponsor Address: 1108 GATEWAY SERVICE PARK ROAD, MORRISTOWN, TN, 37813
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 268
- Total Assets: $1.9M
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. |
|---|---|---|---|---|
| 2025 | 268 | $1.9M | $0 | $0 |
| 2024 | 229 | $1.5M | $127,915 | $327,675 |
| 2023 | 241 | $1.1M | $126,126 | $304,200 |
| 2022 | 331 | $686,920 | $135,152 | $320,014 |
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 |
|---|---|---|---|---|
| TRANSAMERICA LIFE INSURNACE COMPANY | Recordkeeper | $14,821 | — | $14,821 |
| ERISA SERVICES, INC. | Recordkeeper | $10,085 | $37 | $10,122 |
| SILVER OAKS SECURITIES, INC. | Other Service Provider | $8,139 | — | $8,139 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $33,082
- Estimated Expense Ratio: 1.713% 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 |
|---|---|---|---|---|---|
| 2025 | $284,290 | $814 | $350 | — | — |
| 2024 | $30,966 | — | — | — | — |
| 2023 | $24,924 | — | $24,924 | — | — |
| 2022 | $17,668 | — | — | — | $17,668 |