Plan Snapshot
- Plan Sponsor: Perkins Motor Company, INC.
- Sponsor EIN: 840461492
- Sponsor Address: 1205 MOTOR CITY DRIVE, COLORADO SPRINGS, CO, 809050352
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 110
- Total Assets: $4.9M
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 | 110 | $4.9M | $123,828 | $419,418 |
| 2023 | 107 | $5.2M | $120,738 | $366,923 |
| 2022 | 104 | $4.3M | $114,857 | $406,076 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | Recordkeeper | $30,963 | — | $30,963 |
| CBIZ CPAS PC | Auditor | $16,000 | — | $16,000 |
| KESTRA INVESTMENT SERVICES LLC | Investment Advisor | — | $11,859 | $11,859 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $58,822
- Estimated Expense Ratio: 1.201% 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 | $47,247 | $284 | — | $16,000 | — |
| 2023 | $37,454 | $550 | — | $11,300 | — |
| 2022 | $31,636 | $343 | $21,093 | — | $10,200 |