Plan Snapshot
- Plan Sponsor: Ally Financial INC.
- Sponsor EIN: 380572512
- Sponsor Address: 500 WOODWARD AVENUE, DETROIT, MI, 48226
- Plan Type: 401(k)
- Total Participants: 10,634
- Total Assets: $2.9B
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 | 10,634 | $2.9B | $111.8M | $104.6M |
| 2023 | 10,966 | $2.6B | $112.4M | $108.3M |
| 2022 | 11,390 | $2.1B | $100.5M | $99.0M |
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 |
|---|---|---|---|---|
| DELOITTE & TOUCHE LLP | Auditor | $56,090 | — | $56,090 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- DELOITTE & TOUCHE LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $56,090
- Estimated Expense Ratio: 0.002% 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 | $879,583 | $571,948 | — | $56,090 | — |
| 2023 | $853,625 | $595,321 | — | $51,345 | — |
| 2022 | $840,093 | $448,754 | — | — | $386,463 |