Plan Snapshot
- Plan Sponsor: Volvo Sales And Service
- Sponsor EIN: 362595957
- Sponsor Address: 4325 LINCOLN AVE., LISLE, IL, 60532
- Plan Type: 401(k)
- Total Participants: 376
- Total Assets: $38.4M
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 | 376 | $38.4M | $583,278 | $1.7M |
| 2023 | 357 | $34.6M | $545,623 | $1.5M |
| 2022 | 321 | $31.5M | $468,815 | $1.4M |
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 | $110,012 | — | $110,012 |
| EMPOWER ADVISORY GROUP, LLC | INVESTMENT MGMT | $7,733 | — | $7,733 |
| BOYER & RITTER LLC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $117,745
- Estimated Expense Ratio: 0.307% 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 | $117,745 | $7,733 | — | — | — |
| 2023 | $101,999 | $5,528 | — | — | — |
| 2022 | $98,521 | — | $98,521 | — | — |