Plan Snapshot
- Plan Sponsor: Sterling Motors, Ltd, Dba Sterling Bmw
- Sponsor EIN: 330120479
- Sponsor Address: 3000 WEST COAST HWY, NEWPORT BEACH, CA, 92663
- Plan Type: 401(k)
- Total Participants: 95
- Total Assets: $3.4M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 95 | $3.4M | $0 | $365,156 |
| 2023 | 88 | $2.9M | $0 | $367,929 |
| 2022 | 98 | $2.5M | $0 | $373,846 |
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 |
|---|---|---|---|---|
| RELIANCE TRUST COMPANY | Recordkeeper | $14,466 | — | $14,466 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $14,466
- Estimated Expense Ratio: 0.424% 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 | $17,120 | — | $17,120 | — | — |
| 2023 | $30,149 | — | — | — | — |
| 2022 | $10,196 | — | — | — | — |