Plan Snapshot
- Plan Sponsor: Tires Unlimited INC.
- Sponsor EIN: 561335396
- Sponsor Address: 605 SOUTH MORGAN STREET P.O. BOX 13, ROXBORO, NC, 27573
- Plan Type: 401(k)
- Plan Number: 003
- Total Participants: 225
- Total Assets: $12.8M
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 | 225 | $12.8M | $293,849 | $708,585 |
| 2023 | 219 | $13.1M | $289,047 | $697,854 |
| 2022 | 235 | $9.8M | $272,586 | $656,783 |
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 O | Recordkeeper | $25,128 | — | $25,128 |
| CAMBRIDGE INVESTMENT RESEARCH INC | Investment Advisor | $16,547 | — | $16,547 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $6,969 | — | $6,969 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $48,644
- Estimated Expense Ratio: 0.380% 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 | $49,229 | $23,516 | — | — | — |
| 2023 | $54,990 | $35,603 | — | — | — |
| 2022 | $46,074 | $31,293 | $14,781 | — | — |