# Palm Springs Motors, INC. 401(k) Plan
Source: https://planprovider.pro/companies/palm-springs-motors-inc-401k-plan

> Palm Springs Motors, INC.'s 401(k) plan: 342 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|

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