Plan Snapshot
- Plan Sponsor: Motorad Of America, INC.
- Sponsor EIN: 264407617
- Sponsor Address: 916 EMPIRE STREET, MOUNT CARMEL, IL, 62863
- Plan Type: 401(k)
- Total Participants: 178
- Total Assets: $5.9M
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 | 178 | $5.9M | $400,399 | $635,099 |
| 2023 | 165 | $4.8M | $322,555 | $544,905 |
| 2022 | 145 | $3.5M | $332,099 | $544,036 |
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 |
|---|---|---|---|---|
| CBIZ CPAS P.C. | 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 | $3,614 | $1,135 | $2,479 | — | — |
| 2023 | $3,645 | $1,015 | — | — | — |
| 2022 | $5,722 | $805 | $4,917 | — | — |