Plan Snapshot
- Plan Sponsor: Wellesley Volkswagen, INC.
- Sponsor EIN: 042462613
- Sponsor Address: 231 LINDEN STREET, WELLESLEY, MA, 02482
- Plan Type: 401(k)
- Total Participants: 568
- Total Assets: $16.1M
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 | 568 | $16.1M | $0 | $1.8M |
| 2023 | 566 | $14.8M | $0 | $1.8M |
| 2022 | 532 | $12.0M | $0 | $1.6M |
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 |
|---|---|---|---|---|
| DOWNEY & COMPANY, LLC | Auditor | — | — | $0 |
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 | $62,108 | — | $62,108 | — | — |
| 2023 | $50,439 | — | $50,439 | — | — |
| 2022 | $48,865 | $48,190 | $675 | — | — |