Plan Snapshot
- Plan Sponsor: Ray Skillman Gmc Truck, INC.
- Sponsor EIN: 351463390
- Sponsor Address: 8424 US 31 SOUTH, INDIANAPOLIS, IN, 46227
- Plan Type: 401(k)
- Total Participants: 870
- Total Assets: $56.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 870 | $56.0M | $1.3M | $3.6M |
| 2023 | 762 | $50.1M | $1.3M | $3.8M |
| 2022 | 778 | $42.7M | $1.2M | $3.9M |
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, PIERCE, FENNER AND S | Recordkeeper | $84,493 | — | $84,493 |
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $63,269 | — | $63,269 |
| RAY SKILLMAN GMC TRUCK INC | Other Service Provider | $28,400 | — | $28,400 |
| MORGAN STANLEY | Investment Advisor | $25,200 | — | $25,200 |
| MORGAN STANLEY GLOBAL BANKING OPERA | Recordkeeper | $22,126 | — | $22,126 |
| AMERICAN PENSION ADVISOR, LTD | Recordkeeper | $9,784 | $3,333 | $13,117 |
| EMPOWER ADVISORY GROUP LLC | Investment Advisor | $5,481 | — | $5,481 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORGAN STANLEY — Investment Advisor
- MORGAN STANLEY GLOBAL BANKING OPERA — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $242,086
- Estimated Expense Ratio: 0.432% 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 | $239,222 | $52,807 | — | — | — |
| 2023 | $214,656 | $102,006 | $26,044 | $11,700 | — |
| 2022 | $218,770 | — | — | — | — |