Plan Snapshot
- Plan Sponsor: Shelor Motor Mile, INC.
- Sponsor EIN: 542034939
- Sponsor Address: 2260 ROANOKE ST, CHRISTIANSBURG, VA, 24068
- Plan Type: 401(k)
- Total Participants: 425
- Total Assets: $22.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 425 | $22.3M | $0 | $1.7M |
| 2023 | 382 | $18.9M | $0 | $1.5M |
| 2022 | 433 | $15.4M | $0 | $1.4M |
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 |
|---|---|---|---|---|
| ADP, INC. | Recordkeeper | $73,428 | — | $73,428 |
| MERRILL LYNCH PIERCE FENNER & SMITH | Investment Advisor | $45,995 | — | $45,995 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ADP, INC. — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $119,423
- Estimated Expense Ratio: 0.536% 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 | $119,424 | $46,445 | — | — | — |
| 2023 | $101,129 | $38,228 | — | — | — |
| 2022 | $95,902 | — | — | — | — |