Plan Snapshot
- Plan Sponsor: New Century Alhambra Automobiles INC.Dba New Century Bmw
- Sponsor EIN: 954349522
- Sponsor Address: 1139 W. MAIN STREET, ALHAMBRA, CA, 91801
- Plan Type: 401(k)
- Total Participants: 378
- Total Assets: $15.7M
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 | 378 | $15.7M | $113,864 | $862,559 |
| 2023 | 365 | $12.9M | $118,449 | $908,467 |
| 2022 | 324 | $11.0M | $126,851 | $953,480 |
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 |
|---|---|---|---|---|
| FUTUREPLAN BY ASCENSUS | NONE | $25,771 | — | $25,771 |
| BERLINER & COMPANY, AN ACCT CORP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FUTUREPLAN BY ASCENSUS — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $25,771
- Estimated Expense Ratio: 0.165% 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 | $49,120 | $2,834 | $20,515 | — | — |
| 2023 | $25,171 | $2,370 | $572 | — | — |
| 2022 | $24,847 | $2,288 | $22,559 | — | — |