Plan Snapshot
- Plan Sponsor: Greensboro Auto Auction, INC.
- Sponsor EIN: 561473725
- Sponsor Address: 3907 WEST WENDOVER AVE., GREENSBORO, NC, 27407
- Plan Type: 401(k)
- Total Participants: 495
- Total Assets: $23.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 495 | $23.0M | $316,962 | $1.1M |
| 2023 | 459 | $21.5M | $288,667 | $1.1M |
| 2022 | 465 | $19.0M | $266,622 | $1.0M |
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 |
|---|---|---|---|---|
| CARR, RIGGS & INGRAM, LLC | Auditor | — | — | $0 |
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 | $44,682 | — | $40 | — | — |
| 2023 | $39,447 | — | $6,193 | — | — |
| 2022 | $57,664 | — | $49,758 | — | $7,906 |