Plan Snapshot
- Plan Sponsor: Automotive Resource Development Group, LLC
- Sponsor EIN: 541945786
- Sponsor Address: 3400 WESTERN BRANCH BOULEVARD, CHESAPEAKE, VA, 23321
- Plan Type: 401(k)
- Total Participants: 356
- Total Assets: $19.6M
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. |
|---|---|---|---|---|
| 2024 | 356 | $19.6M | $8,485 | $1.3M |
| 2023 | 354 | $18.3M | $0 | $1.3M |
| 2022 | 433 | $17.4M | $0 | $1.2M |
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 |
|---|---|---|---|---|
| MML INVESTORS SERVICES INC | SHAREHOLDER SVC PROVIDER | — | $17,853 | $17,853 |
| BDO USA, LLP | THIRD PARTY ADMIN | — | $9,534 | $9,534 |
| EMPOWER ANNUITY INS CO OF AMERICA | RECORDKEEPER | $5,035 | — | $5,035 |
| CHARLES W. SNADER, P.C. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MML INVESTORS SERVICES INC — SHAREHOLDER SVC PROVIDER
- BDO USA, LLP — THIRD PARTY ADMIN
- EMPOWER ANNUITY INS CO OF AMERICA — RECORDKEEPER
- CHARLES W. SNADER, P.C. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $32,422
- Estimated Expense Ratio: 0.165% 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 | $5,035 | — | — | — | — |
| 2023 | $4,460 | — | $1,860 | — | — |
| 2022 | $7,379 | — | — | — | $7,379 |