Plan Snapshot
- Plan Sponsor: Sport Chevrolet Company LLC
- Sponsor EIN: 520792420
- Sponsor Address: 3101 AUTOMOBILE BLVD., SILVER SPRING, MD, 20904
- Plan Type: 401(k)
- Total Participants: 181
- Total Assets: $17.1M
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 | 181 | $17.1M | $115,105 | $776,539 |
| 2023 | 179 | $17.5M | $147,399 | $893,961 |
| 2022 | 184 | $16.0M | $153,068 | $869,965 |
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 |
|---|---|---|---|---|
| PROACCOUNT | INVESTMENT ADVISORY | $34,971 | — | $34,971 |
| LONG ISLAND EMPLOYEE BENEFITS GROUP | TPA | $13,185 | $15,118 | $28,303 |
| WELLS FARGO CLEARING SERVICES, LLC | NONE | $28,275 | — | $28,275 |
| NATIONWIDE | RECORDKEEPER | $21,539 | — | $21,539 |
| BELFINT, LYONS & SHUMAN, P.A. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PROACCOUNT — INVESTMENT ADVISORY
- WELLS FARGO CLEARING SERVICES, LLC — NONE
- NATIONWIDE — RECORDKEEPER
- BELFINT, LYONS & SHUMAN, P.A. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $113,088
- Estimated Expense Ratio: 0.662% 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 | $91,579 | — | — | — | — |
| 2023 | $126,350 | $87,052 | $21,433 | $17,000 | — |
| 2022 | $132,259 | $91,424 | $22,937 | — | $17,000 |