Plan Snapshot
- Plan Sponsor: Cleveland Automobile Dealers Association
- Sponsor EIN: 341320838
- Sponsor Address: 9150 SOUTH HILLS BLVD, BROADVIEW HTS, OH, 44147
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 1,921
- Total Assets: $5.3M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,921 | $5.3M | $6.9M | $164,279 |
| 2023 | 1,498 | $6.5M | $6.2M | $165,285 |
| 2022 | 2,103 | $7.5M | $8.0M | $171,273 |
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 |
|---|---|---|---|---|
| MEDICAL MUTUAL OF OHIO | Other Service Provider | $1,464,864 | — | $1,464,864 |
| CLEVELAND AUTO DEALERS' ASSOCIATION | Other Service Provider | $235,103 | — | $235,103 |
| MALONEY + NOVOTNY LLC | Auditor | $37,650 | — | $37,650 |
| FISHER & PHILLIPS | Other Service Provider | $37,600 | — | $37,600 |
| LEWIS & ELLIS | Other Service Provider | $25,700 | — | $25,700 |
| MJR ACCOUNTING | Other Service Provider | $23,000 | — | $23,000 |
| WAGEWORKS | Other Service Provider | $13,548 | — | $13,548 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MALONEY + NOVOTNY LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,837,465
- Estimated Expense Ratio: 34.466% 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 | $1,873,948 | — | $1,713,515 | $60,650 | — |
| 2023 | $1,843,877 | — | $1,459,555 | $59,618 | — |
| 2022 | $2,120,297 | — | $1,728,592 | — | $115,186 |