Plan Snapshot
- Plan Sponsor: Sioux City Truck Sales
- Sponsor EIN: 420750928
- Sponsor Address: PO BOX 386, SIOUX CITY, IA, 51102
- Plan Type: 401(k)
- Total Participants: 355
- Total Assets: $23.5M
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 | 355 | $23.5M | $369,984 | $1.3M |
| 2023 | 355 | $21.5M | $404,401 | $1.4M |
| 2022 | 314 | $18.2M | $392,497 | $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 |
|---|---|---|---|---|
| SECURITY NATIONAL BANK | TRUSTEE | $69,975 | — | $69,975 |
| CHARLES SCHWAB TRUST BANK | CUSTODIAN | $8,008 | — | $8,008 |
| HENJES CONNER & WILLIAMS PC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CHARLES SCHWAB TRUST BANK — CUSTODIAN
- HENJES CONNER & WILLIAMS PC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $77,983
- Estimated Expense Ratio: 0.332% 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 | $77,983 | $69,975 | — | — | — |
| 2023 | $68,410 | $62,410 | — | — | — |
| 2022 | $65,485 | $65,485 | — | — | — |