Plan Snapshot
- Plan Sponsor: Griffin Automotive Group, LLC
- Sponsor EIN: 202642896
- Sponsor Address: 2500 W. ROOSEVELT BLVD, MONROE, NC, 28110
- Plan Type: 401(k)
- Total Participants: 161
- Total Assets: $8.0M
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 | 161 | $8.0M | $0 | $377,965 |
| 2023 | 161 | $7.9M | $132,385 | $394,988 |
| 2022 | 172 | $6.8M | $194,873 | $456,476 |
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 |
|---|---|---|---|---|
| DMJPS PLLC | 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 | $85,429 | $51,000 | $30,121 | — | — |
| 2023 | $71,735 | $58,065 | $6,638 | — | — |
| 2022 | $68,084 | $55,049 | $13,035 | — | — |