Plan Snapshot
- Plan Sponsor: Sunset Automotive Group
- Sponsor EIN: 591947185
- Sponsor Address: 5005 SOUTH TAMIAMI TRAIL, SARASOTA, FL, 34231
- Plan Type: 401(k)
- Total Participants: 520
- Total Assets: $36.4M
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 | 520 | $36.4M | $175,985 | $2.6M |
| 2023 | 512 | $32.7M | $176,767 | $2.7M |
| 2022 | 427 | $29.4M | $173,095 | $2.6M |
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 |
|---|---|---|---|---|
| AMERIPRISE FINANCIAL SERVICES LLC | INVESTMENT ADVISOR | $45,953 | — | $45,953 |
| ALERUS FINANCIAL | DIRECTED TRUSTEE | $34,101 | — | $34,101 |
| WALL TITUS, LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ALERUS FINANCIAL — DIRECTED TRUSTEE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $80,054
- Estimated Expense Ratio: 0.220% 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 | $73,125 | $45,953 | — | — | — |
| 2023 | $20,534 | $16,442 | — | — | — |
| 2022 | $25,335 | — | $25,335 | — | — |