Plan Snapshot
- Plan Sponsor: Southern Auto Sales, INC.
- Sponsor EIN: 060705740
- Sponsor Address: PO BOX 388, EAST WINDSOR, CT, 06088
- Plan Type: 401(k)
- Total Participants: 171
- Total Assets: $32.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 171 | $32.7M | $543,404 | $693,321 |
| 2023 | 159 | $30.6M | $438,911 | $641,063 |
| 2022 | 154 | $28.8M | $389,325 | $625,684 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | RECORDKEEPER | $69,171 | — | $69,171 |
| BOBROW & COMPANY | ACCOUNTANT | $40,000 | — | $40,000 |
| MML INVESTORS | BROKER | — | $38,557 | $38,557 |
| BRADLEY, FOSTER & SARGENT, INC. | INVESTMENT ADVISORS | $33,851 | — | $33,851 |
| PENSION CONSULTANTS, INC. | TPA | $12,690 | — | $12,690 |
| UBS | INVESTMENT MGMT | $7,793 | — | $7,793 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BOBROW & COMPANY — ACCOUNTANT
- MML INVESTORS — BROKER
- PENSION CONSULTANTS, INC. — TPA
- UBS — INVESTMENT MGMT
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $202,062
- Estimated Expense Ratio: 0.618% 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 | $138,581 | $41,644 | — | $40,000 | — |
| 2023 | $131,219 | $79,819 | — | $37,000 | — |
| 2022 | $130,002 | $80,639 | $2,123 | — | $47,240 |