Plan Snapshot
- Plan Sponsor: Quality Dealerships
- Sponsor EIN: 271516350
- Sponsor Address: 8101 LOMAS BLVD NE, ALBUQUERQUE, NM, 871107912
- Plan Type: 401(k)
- Total Participants: 143
- Total Assets: $11.0M
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 | 143 | $11.0M | $78,908 | $668,845 |
| 2023 | 135 | $9.9M | $77,103 | $619,423 |
| 2022 | 134 | $8.2M | $77,629 | $592,444 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $74,275 | — | $74,275 |
| FIRST HEARTLAND CONSULTANTS, INC. | Investment Advisor | — | $38,897 | $38,897 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIRST HEARTLAND CONSULTANTS, INC. — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $113,172
- Estimated Expense Ratio: 1.027% 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 | $74,275 | — | $74,275 | — | — |
| 2023 | $64,771 | — | $64,771 | — | — |
| 2022 | $62,020 | — | $62,020 | — | — |