Plan Snapshot
- Plan Sponsor: Tack Automotive, LLC
- Sponsor EIN: 562148539
- Sponsor Address: 435 HIGHWAY 70 SOUTHEAST, HICKORY, NC, 28602
- Plan Type: 401(k)
- Total Participants: 217
- Total Assets: $9.1M
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 | 217 | $9.1M | $175,910 | $783,588 |
| 2023 | 222 | $8.7M | $103,354 | $836,613 |
| 2022 | 183 | $6.9M | $320,406 | $749,438 |
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 | $27,738 | — | $27,738 |
| MERRILL LYNCH PIERCE FENNER & SMITH | Investment Advisor | $19,062 | — | $19,062 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $5,602 | — | $5,602 |
| ADMINISTRATIVE FIDUCIARY SERVICES | Other Service Provider | $5,594 | — | $5,594 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $57,996
- Estimated Expense Ratio: 0.640% 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 | $61,637 | $54,365 | $881 | — | — |
| 2023 | $56,877 | $53,701 | $587 | — | — |
| 2022 | $52,642 | — | — | — | $52,642 |