Plan Snapshot
- Plan Sponsor: Hendrick Automotive Group, LLC
- Sponsor EIN: 561794980
- Sponsor Address: 6000 MONROE RD, CHARLOTTE, NC, 28212
- Plan Type: 401(k)
- Total Participants: 9,556
- Total Assets: $756.6M
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 | 9,556 | $756.6M | $14.1M | $64.6M |
| 2023 | 9,187 | $657.4M | $13.5M | $62.1M |
| 2022 | 8,476 | $530.9M | $9.2M | $57.6M |
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 |
|---|---|---|---|---|
| THE VANGUARD GROUP, INC. | Recordkeeper | $553,399 | — | $553,399 |
| VANGUARD ADVISERS INC. | Recordkeeper | $190,018 | — | $190,018 |
| CREATIVE PLANNING LLC | Investment Advisor | $65,000 | — | $65,000 |
| FORVIS LLP | Auditor | $25,200 | — | $25,200 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- THE VANGUARD GROUP, INC. — Recordkeeper
- VANGUARD ADVISERS INC. — Recordkeeper
- CREATIVE PLANNING LLC — Investment Advisor
- FORVIS LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $833,617
- Estimated Expense Ratio: 0.110% 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 | $836,273 | — | — | — | — |
| 2023 | $768,011 | — | — | — | — |
| 2022 | $875,448 | — | — | — | — |