Plan Snapshot
- Plan Sponsor: Southern Auto Sales, INC.
- Sponsor EIN: 060705740
- Sponsor Address: PO BOX 388, EAST WINDSOR, CT, 06088
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 174
- Total Assets: $177,785
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 174 | $177,785 | $1.3M | $310,042 |
| 2023 | 110 | $133,196 | $899,807 | $294,929 |
| 2022 | 106 | $53,321 | $1.0M | $340,841 |
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 |
|---|---|---|---|---|
| AETNA LIFE INSURANCE COMPANY | Recordkeeper | $101,775 | — | $101,775 |
| BOBROW & COMPANY, P.C. | Auditor | $35,000 | — | $35,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BOBROW & COMPANY, P.C. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $136,775
- Estimated Expense Ratio: 76.933% 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 | $136,394 | — | $101,394 | $35,000 | — |
| 2023 | $113,558 | — | $79,808 | $33,000 | — |
| 2022 | $118,802 | — | $88,802 | — | $30,000 |