Plan Snapshot
- Plan Sponsor: Peabody Motor Sports, INC.
- Sponsor EIN: 043200557
- Sponsor Address: 7 CENTENNIAL DRIVE, PEABODY, MA, 01960
- Plan Type: 401(k)
- Total Participants: 445
- Total Assets: $38.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 445 | $38.1M | $511,103 | $2.6M |
| 2023 | 430 | $36.5M | $502,738 | $3.0M |
| 2022 | 452 | $31.1M | $523,099 | $2.8M |
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 |
|---|---|---|---|---|
| MORGAN STANLEY SMITH BARNEY | INVESTMENT ADVISOR | — | $83,219 | $83,219 |
| THE ANGELL PENSION GROUP INC | CONTRACT ADMIN | $11,250 | $10,617 | $21,867 |
| CLIFTON LARSON ALLEN WEALTH ADVISOR | AUDITOR | $15,750 | — | $15,750 |
| EMPOWER ANNUITY INSURANCE COMPANY | RECORDKEEPER | $6,147 | — | $6,147 |
| POZERSKI HATCH & COMPANY, P.C. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORGAN STANLEY SMITH BARNEY — INVESTMENT ADVISOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $126,983
- Estimated Expense Ratio: 0.334% 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 | $29,669 | — | — | — | — |
| 2023 | $24,463 | — | — | — | — |
| 2022 | $17,046 | — | — | — | — |