Plan Snapshot
- Plan Sponsor: Steve Shannon Tire Company, INC.
- Sponsor EIN: 232549609
- Sponsor Address: PO BOX 803, BLOOMSBURG, PA, 178150803
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 252
- Total Assets: $0
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 | 252 | $0 | $0 | $0 |
| 2023 | 238 | $261,203 | $1.5M | $559,580 |
| 2022 | 179 | $593,231 | $1.4M | $491,546 |
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 |
|---|---|---|---|---|
| BSI CORPORATE BENEFITS, LLC | Investment Advisor | $152,177 | — | $152,177 |
| THE BENECON GROUP LLC | Investment Advisor | $46,460 | — | $46,460 |
| CONNECTCARE3 | Other Service Provider | $16,091 | — | $16,091 |
| INNOVU | Investment Advisor | $12,644 | — | $12,644 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BSI CORPORATE BENEFITS, LLC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $227,372
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 | — | — | — | — | — |
| 2023 | $748,249 | $48,679 | $139,039 | — | — |
| 2022 | $617,731 | $43,089 | $124,149 | — | — |