Plan Snapshot
- Plan Sponsor: Schaeffer Automotive Group, INC.
- Sponsor EIN: 621494129
- Sponsor Address: 2982 N. GERMANTOWN PARKWAY, BARTLETT, TN, 38133
- Plan Type: 401(k)
- Total Participants: 146
- Total Assets: $7.9M
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 | 146 | $7.9M | $137,796 | $469,155 |
| 2023 | 153 | $6.7M | $129,521 | $464,548 |
| 2022 | 154 | $5.5M | $67,354 | $443,804 |
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 |
|---|---|---|---|---|
| HENDERSON HUTCHERSON & MCCULLOUGH | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $62,782 | — | $62,782 | — | — |
| 2023 | $49,491 | — | $49,491 | — | — |
| 2022 | $46,466 | — | $46,466 | — | — |