Plan Snapshot
- Plan Sponsor: Credit Acceptance Corporation
- Sponsor EIN: 381999511
- Sponsor Address: 25505 W 12 MILE RD., SOUTHFIELD, MI, 480341846
- Plan Type: 401(k)
- Total Participants: 2,437
- Total Assets: $279.8M
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 | 2,437 | $279.8M | $10.1M | $20.0M |
| 2023 | 2,229 | $231.9M | $9.1M | $17.6M |
| 2022 | 2,249 | $180.1M | $8.3M | $15.7M |
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 |
|---|---|---|---|---|
| GRANT THORNTON LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GRANT THORNTON LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $197,633 | $74,534 | $300 | — | — |
| 2023 | $140,864 | $56,454 | $300 | — | — |
| 2022 | $122,588 | $47,764 | — | — | — |