Plan Snapshot
- Plan Sponsor: Red Roof Franchising, LLC
- Sponsor EIN: 208383703
- Sponsor Address: 7815 WALTON PARKWAY, NEW ALBANY, OH, 43054
- Plan Type: 401(k)
- Total Participants: 167
- Total Assets: $20.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 167 | $20.3M | $504,419 | $1.2M |
| 2023 | 174 | $19.7M | $538,427 | $1.2M |
| 2022 | 122 | $16.9M | $511,217 | $1.1M |
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 | $85,151 | — | $85,151 |
| NORTHWESTERN MUTUAL INVESTMENT SERV | Investment Advisor | — | $27,043 | $27,043 |
| ALLIANCE BENEFIT GROUP OF HOUSTON | Recordkeeper | — | $9,013 | $9,013 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NORTHWESTERN MUTUAL INVESTMENT SERV — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $121,207
- Estimated Expense Ratio: 0.597% 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 | $85,151 | — | $85,151 | — | — |
| 2023 | $84,970 | — | $84,970 | — | — |
| 2022 | $90,282 | — | $90,179 | — | $103 |