Plan Snapshot
- Plan Sponsor: Vector Fleet Management, LLC
- Sponsor EIN: 205680368
- Sponsor Address: 9300 HARRIS CORNERS PARKWAY STE 350, CHARLOTTE, NC, 28269
- Plan Type: 401(k)
- Total Participants: 394
- Total Assets: $10.6M
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 | 394 | $10.6M | $498,521 | $1.5M |
| 2023 | 345 | $9.3M | $392,464 | $1.1M |
| 2022 | 248 | $7.3M | $219,184 | $866,346 |
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 | Recordkeeper | $41,890 | — | $41,890 |
| MMA SECURITIES LLC | Investment Advisor | $20,000 | — | $20,000 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $5,015 | — | $5,015 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $66,905
- Estimated Expense Ratio: 0.630% 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 | $66,905 | $25,015 | — | — | — |
| 2023 | $47,647 | $21,755 | — | — | — |
| 2022 | $43,646 | $21,612 | $22,034 | — | — |