Plan Snapshot
- Plan Sponsor: Northtown Automotive Companies, INC.
- Sponsor EIN: 160970381
- Sponsor Address: 1135 MILLERSPORT HWY, AMHERST, NY, 142261722
- Plan Type: DC
- Total Participants: 625
- Total Assets: $58.4M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 625 | $58.4M | $693,146 | $2.7M |
| 2023 | 601 | $52.4M | $673,269 | $2.6M |
| 2022 | 572 | $45.2M | $647,130 | $2.6M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $95,690 | — | $95,690 |
| CHIAMPOU TRAVIS BESAW & KERSHNER | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $95,690
- Estimated Expense Ratio: 0.164% 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 | $95,690 | — | $95,690 | — | — |
| 2023 | $87,889 | — | $81,014 | — | — |
| 2022 | $76,101 | — | $76,101 | — | — |