Plan Snapshot
- Plan Sponsor: Young Truck Sales, INC
- Sponsor EIN: 340770683
- Sponsor Address: 2150 WHIPPLE AVE SW, CANTON, OH, 447062312
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 183
- Total Assets: $12.2M
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. |
|---|---|---|---|---|
| 2025 | 183 | $12.2M | $0 | $0 |
| 2024 | 155 | $10.9M | $379,733 | $853,995 |
| 2023 | 169 | $10.2M | $331,291 | $734,926 |
| 2022 | 155 | $8.7M | $282,694 | $693,266 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $58,695 | — | $58,695 |
| ENZA FINANCIAL LLC | Investment Advisor | — | $28,113 | $28,113 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $86,808
- Estimated Expense Ratio: 0.710% 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 |
|---|---|---|---|---|---|
| 2025 | $1,093,202 | — | $58,696 | — | — |
| 2024 | $54,587 | — | $54,587 | — | — |
| 2023 | $47,881 | — | $47,881 | — | — |
| 2022 | $46,362 | — | $46,362 | — | — |