Plan Snapshot
- Plan Sponsor: Twin City Motors, INC.
- Sponsor EIN: 620562541
- Sponsor Address: 3046 AIRPORT HIGHWAY, ALCOA, TN, 37701
- Plan Type: 401(k)
- Total Participants: 254
- Total Assets: $21.3M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 254 | $21.3M | $623,029 | $823,132 |
| 2023 | 251 | $19.3M | $677,408 | $914,503 |
| 2022 | 236 | $18.7M | $660,702 | $897,423 |
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 |
|---|---|---|---|---|
| PSH RETIREMENT SERVICES, LLC | Recordkeeper | $29,140 | — | $29,140 |
| CAPITAL GROUP RETIREMENT PLAN SERVC | Recordkeeper | $24,688 | — | $24,688 |
| VANCE CPA | Auditor | $16,000 | — | $16,000 |
| GORDON ASSET MANAGEMENT | Investment Advisor | $15,000 | — | $15,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $84,828
- Estimated Expense Ratio: 0.399% 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 | $77,128 | — | $77,128 | — | — |
| 2023 | $74,080 | — | $74,080 | — | — |
| 2022 | $72,543 | — | $72,543 | — | — |