Plan Snapshot
- Plan Sponsor: Automotive Credit Corporation
- Sponsor EIN: 383073161
- Sponsor Address: 26261 EVERGREEN RD STE 300, SOUTHFIELD, MI, 480767509
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 143
- Total Assets: $10.6M
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 | 143 | $10.6M | $0 | $0 |
| 2024 | 192 | $11.0M | $0 | $747,839 |
| 2023 | 192 | $9.6M | $191,524 | $875,199 |
| 2022 | 218 | $8.3M | $371,015 | $993,667 |
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 | $38,217 | — | $38,217 |
| STIFEL NICOLAUS & CO INC | Other Service Provider | — | $10,622 | $10,622 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $48,839
- Estimated Expense Ratio: 0.462% 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 | $2,630,372 | — | $52,629 | — | — |
| 2024 | $47,834 | $25,320 | $160 | — | — |
| 2023 | $47,159 | $22,008 | $295 | — | — |
| 2022 | $44,772 | $23,083 | $19,165 | — | $2,524 |