Plan Snapshot
- Plan Sponsor: Thornton Chevrolet, INC
- Sponsor EIN: 580681967
- Sponsor Address: 1971 THORNTON ROAD, LITHIA SPRINGS, GA, 30122
- Plan Type: 401(k)
- Plan Number: 504
- Total Participants: 118
- Total Assets: $328,661
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. |
|---|---|---|---|---|
| 2025 | 118 | $328,661 | $0 | $0 |
| 2024 | 117 | $243,427 | $691,519 | $592,294 |
| 2023 | 120 | $616 | $463,276 | $479,332 |
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 |
|---|---|---|---|---|
| THE BENECON GROUP | Investment Advisor | $82,607 | — | $82,607 |
| SHEILA J BUTLER AND COMPANY INC. | Investment Advisor | $57,920 | — | $57,920 |
| MERITAIN HEALTH | Other Service Provider | $15,054 | — | $15,054 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $155,581
- Estimated Expense Ratio: 47.338% 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 |
|---|---|---|---|---|---|
| 2025 | $1,764,216 | $31,609 | $72,952 | — | — |
| 2024 | $493,127 | $29,659 | $68,742 | — | — |
| 2023 | $407,770 | $28,980 | $65,412 | — | — |