Plan Snapshot
- Plan Sponsor: Vern Eide Motorcars, INC.
- Sponsor EIN: 460281291
- Sponsor Address: 5200 S. LOUISE AVE., SIOUX FALLS, SD, 57108
- Plan Type: 401(k)
- Total Participants: 395
- Total Assets: $31.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- 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 | 395 | $31.7M | $597,914 | $2.0M |
| 2023 | 310 | $28.4M | $606,629 | $2.0M |
| 2022 | 302 | $24.7M | $560,264 | $1.9M |
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 |
|---|---|---|---|---|
| EIDE BAILLY LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- EIDE BAILLY LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $160,284 | $66,950 | $76,905 | — | — |
| 2023 | $154,067 | $63,351 | $78,525 | — | — |
| 2022 | $148,977 | $70,277 | $78,700 | — | — |