Plan Snapshot
- Plan Sponsor: Hendrick Automotive Group, LLC
- Sponsor EIN: 561794980
- Sponsor Address: 6000 MONROE RD, CHARLOTTE, NC, 28212
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 10,051
- Total Assets: $15.7M
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 | 10,051 | $15.7M | $95.4M | $18.8M |
| 2023 | 9,746 | $22.7M | $84.4M | $16.3M |
| 2022 | 8,826 | $22.2M | $78.9M | $16.2M |
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 |
|---|---|---|---|---|
| LUMINARE HEALTH BENEFITS, INC | Other Service Provider | $4,087,246 | — | $4,087,246 |
| AETNA - PPO | Other Service Provider | $1,128,591 | — | $1,128,591 |
| MULTIPLAN | Other Service Provider | $278,473 | — | $278,473 |
| TELADOC | Other Service Provider | $158,439 | — | $158,439 |
| CHANGE HEALTHCARE | Other Service Provider | $79,023 | — | $79,023 |
| ACS- A XEROX COMPANY | Other Service Provider | $42,627 | — | $42,627 |
| HEALTHCARE BLUEBOOK | Other Service Provider | $41,729 | — | $41,729 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $5,816,128
- Estimated Expense Ratio: 37.042% 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 | $6,623,089 | — | $6,623,089 | — | — |
| 2023 | $5,994,543 | — | $5,994,543 | — | — |
| 2022 | $5,736,092 | — | — | — | — |