Plan Snapshot
- Plan Sponsor: Sarat Ford Sales, INC.
- Sponsor EIN: 042385735
- Sponsor Address: 245 SPRINGFIELD STREET, AGAWAM, MA, 01001
- Plan Type: 401(k)
- Total Participants: 93
- Total Assets: $13.1M
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 | 93 | $13.1M | $83,106 | $505,594 |
| 2023 | 89 | $10.9M | $81,109 | $502,330 |
| 2022 | 88 | $8.6M | $74,766 | $474,858 |
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 |
|---|---|---|---|---|
| COMPASS 360, LLC | RECORDKEEPER | $19,894 | — | $19,894 |
| THE AMERICAN AUDITORS GROUP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- THE AMERICAN AUDITORS GROUP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $19,894
- Estimated Expense Ratio: 0.151% 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 | $13,705 | — | $13,705 | — | — |
| 2023 | $13,058 | — | — | — | — |
| 2022 | $12,141 | — | — | — | $12,141 |