Plan Snapshot
- Plan Sponsor: S&M Automotive, LLC Dba Toyota On Nicholasville
- Sponsor EIN: 611355623
- Sponsor Address: 2100 LEXINGTON ROAD, NICHOLASVILLE, KY, 40356
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 310
- Total Assets: $11.7M
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. |
|---|---|---|---|---|
| 2025 | 310 | $11.7M | $0 | $0 |
| 2024 | 202 | $9.4M | $293,471 | $837,793 |
| 2023 | 182 | $8.1M | $277,581 | $730,265 |
| 2022 | 171 | $7.4M | $262,612 | $745,274 |
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 |
|---|---|---|---|---|
| CENTRAL BANK & TRUST CO. | Other Service Provider | — | $36,787 | $36,787 |
| ERAS, LLC | Recordkeeper | — | $6,796 | $6,796 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $43,583
- Estimated Expense Ratio: 0.371% 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 |
|---|---|---|---|---|---|
| 2025 | $657,461 | — | — | — | — |
| 2024 | $20,415 | — | — | — | — |
| 2023 | $28,827 | — | $28,827 | — | — |
| 2022 | $37,898 | — | $37,898 | — | — |