Plan Snapshot
- Plan Sponsor: Twin Cities Automotive, LLC
- Sponsor EIN: 261871075
- Sponsor Address: 250 NICOLLET MALL, SUITE 600, MINNEAPOLIS, MN, 55401
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 691
- Total Assets: $48.1M
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. |
|---|---|---|---|---|
| 2023 | 691 | $48.1M | $971,636 | $4.0M |
| 2022 | 572 | $38.2M | $1.0M | $3.3M |
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 | Other Service Provider | $73,440 | — | $73,440 |
| GALLAGHER BENEFIT SERVICES INC DBA | Other Service Provider | $11,500 | — | $11,500 |
| EMPOWER ADVISORY GROUP, LLC | Other Service Provider | $8,130 | — | $8,130 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $93,070
- Estimated Expense Ratio: 0.193% 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 |
|---|---|---|---|---|---|
| 2023 | $107,766 | $19,630 | — | — | — |
| 2022 | $72,508 | $13,004 | $59,204 | — | $300 |