Plan Snapshot
- Plan Sponsor: Neil Huffman Volkswagen, INC.
- Sponsor EIN: 610674549
- Sponsor Address: 1800 WILLIAMSON CT, LOUISVILLE, KY, 40223
- Plan Type: 401(k)
- Total Participants: 225
- Total Assets: $8.9M
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. |
|---|---|---|---|---|
| 2024 | 225 | $8.9M | $121,194 | $765,025 |
| 2023 | 220 | $7.8M | $176,912 | $712,984 |
| 2022 | 183 | $6.1M | $62,751 | $622,810 |
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 |
|---|---|---|---|---|
| ALLIANCEBERNSTEIN LP | Investment Advisor | $23,337 | — | $23,337 |
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $15,328 | — | $15,328 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $38,665
- Estimated Expense Ratio: 0.433% 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 | $38,665 | $23,337 | — | — | — |
| 2023 | $31,201 | $19,192 | — | — | — |
| 2022 | $23,742 | $14,718 | $9,024 | — | — |