Plan Snapshot
- Plan Sponsor: Paul Baileys East Greenwich Ford, INC
- Sponsor EIN: 050512742
- Sponsor Address: 2545 SOUTH COUNTY TRAIL, EAST GREENWICH, RI, 028181531
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 148
- Total Assets: $11.4M
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. |
|---|---|---|---|---|
| 2025 | 148 | $11.4M | $0 | $0 |
| 2024 | 138 | $9.8M | $23,322 | $485,670 |
| 2023 | 120 | $8.8M | $22,578 | $380,145 |
| 2022 | 113 | $7.2M | $25,000 | $431,719 |
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 |
|---|---|---|---|---|
| CARON BLETZER, PLLC | Other Service Provider | $7,286 | — | $7,286 |
| VOYA RETIREMENT INSURANCE AND ANNUI | Other Service Provider | $5,126 | — | $5,126 |
| GRP FINANCIAL | Other Service Provider | $5,000 | — | $5,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $17,412
- Estimated Expense Ratio: 0.152% 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 |
|---|---|---|---|---|---|
| 2025 | $279,021 | — | $17,161 | — | — |
| 2024 | $27,575 | $25,000 | $2,125 | — | — |
| 2023 | $29,950 | — | — | — | — |
| 2022 | $25,350 | — | — | — | — |