Plan Snapshot
- Plan Sponsor: Sloane Automotive Group
- Sponsor EIN: 232434079
- Sponsor Address: 503 NORTH EASTON ROAD, GLENSIDE, PA, 19038
- Plan Type: 401(k)
- Total Participants: 441
- Total Assets: $18.8M
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 | 441 | $18.8M | $8,606 | $1.1M |
| 2023 | 361 | $17.6M | $0 | $1.2M |
| 2022 | 393 | $15.7M | $0 | $1.2M |
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 |
|---|---|---|---|---|
| NEWPORT GROUP, INC. | NONE | $62,955 | — | $62,955 |
| PNC INSTITUTIONAL ASSET MANAGEMENT | NONE | $22,102 | — | $22,102 |
| VOYNOW BAYARD WHYTE AND COMPANY LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $85,057
- Estimated Expense Ratio: 0.453% 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 | $85,056 | $22,102 | $62,954 | — | — |
| 2023 | $72,421 | $9,797 | $62,624 | — | — |
| 2022 | $66,061 | $11,020 | $52,791 | — | $2,250 |