Plan Snapshot
- Plan Sponsor: Wheels Financial Group, LLC Dba Loanmart
- Sponsor EIN: 954863389
- Sponsor Address: 15400 SHERMAN WAY SUITE 300, VAN NUYS, CA, 91406
- Plan Type: 401(k)
- Total Participants: 155
- Total Assets: $5.4M
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 | 155 | $5.4M | $0 | $613,764 |
| 2023 | 158 | $4.5M | $0 | $571,405 |
| 2022 | 167 | $3.9M | $0 | $526,766 |
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 |
|---|---|---|---|---|
| JMK CPA PARTNERS, LLP | 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 | $55,791 | $24,247 | — | — | — |
| 2023 | $50,511 | $21,785 | — | — | — |
| 2022 | $49,796 | $20,937 | $28,859 | — | — |