Plan Snapshot
- Plan Sponsor: Reed Automotive Group, INC.
- Sponsor EIN: 680542082
- Sponsor Address: 9550 NW PRAIRIE VIEW ROAD, KANSAS CITY, MO, 64153
- Plan Type: 401(k)
- Total Participants: 387
- Total Assets: $21.2M
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 | 387 | $21.2M | $354,841 | $1.8M |
| 2023 | 410 | $19.0M | $340,077 | $1.9M |
| 2022 | 385 | $14.9M | $395,819 | $1.9M |
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 |
|---|---|---|---|---|
| EDWARD D. JONES & COMPANY, L.P. | RETAINED BY CLIENT | $47,690 | — | $47,690 |
| JOHN HANCOCK | RETAINED BY CLIENT | $38,952 | — | $38,952 |
| PICKETT, CHANEY & MCMULLEN LLP | RETAINED BY CLIENT | $10,350 | — | $10,350 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JOHN HANCOCK — RETAINED BY CLIENT
- PICKETT, CHANEY & MCMULLEN LLP — RETAINED BY CLIENT
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $96,992
- Estimated Expense Ratio: 0.458% 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 | $100,807 | $51,954 | $38,503 | $10,350 | — |
| 2023 | $84,003 | $42,112 | $31,141 | $10,750 | — |
| 2022 | $85,206 | $13,795 | $70,307 | — | $1,104 |