Plan Snapshot
- Plan Sponsor: The Frederick Motor Company
- Sponsor EIN: 520319150
- Sponsor Address: 1 WAVERLEY DRIVE, FREDERICK, MD, 217020000
- Plan Type: 401(k)
- Total Participants: 121
- Total Assets: $10.9M
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 | 121 | $10.9M | $150,388 | $478,435 |
| 2023 | 114 | $9.7M | $181,810 | $419,981 |
| 2022 | 98 | $8.5M | $192,582 | $477,061 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE CO | CONTRACT ADMINISTRATOR | $56,271 | — | $56,271 |
| SBHU LIFE AGENCY | OTHER SERVICES | — | $21,501 | $21,501 |
| TIGER'S EYE BENEFITS CONSULTING | CONTRACT ADMINISTRATOR | $5,972 | $4,834 | $10,806 |
| LSWG, P.A. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SBHU LIFE AGENCY — OTHER SERVICES
- LSWG, P.A. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $88,578
- Estimated Expense Ratio: 0.812% 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 | $62,243 | — | $62,243 | — | — |
| 2023 | $53,283 | — | $53,283 | — | — |
| 2022 | $53,073 | — | $53,073 | — | — |