Plan Snapshot
- Plan Sponsor: Palm Springs Motors, INC.
- Sponsor EIN: 952049911
- Sponsor Address: 69200 HWY 111, CATHEDRAL CITY, CA, 92234
- Plan Type: 401(k)
- Total Participants: 342
- Total Assets: $19.5M
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 | 342 | $19.5M | $122,414 | $1.3M |
| 2023 | 326 | $17.3M | $92,890 | $1.2M |
| 2022 | 283 | $14.9M | $94,023 | $1.1M |
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 |
|---|---|---|---|---|
| MERRILL LYNCH RETIREMENT & BENEFIT | NONE | $40,202 | — | $40,202 |
| ASCENSUS LLC | NONE | $32,767 | — | $32,767 |
| HENDERSON, HUTCHERSON & MCCULLOUGH | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $72,969
- Estimated Expense Ratio: 0.374% 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 | $72,969 | $40,202 | $32,767 | — | — |
| 2023 | $62,801 | $35,158 | $27,643 | — | — |
| 2022 | $59,526 | $35,698 | $23,828 | — | — |