# Hendrick Automotive Group, LLC Health & Welfare Plan
Source: https://planprovider.pro/companies/hendrick-automotive-group-llc-561794980-501

> Hendrick Automotive Group, LLC's Health & Welfare plan: 10,051 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Hendrick Automotive Group, LLC

- **Sponsor EIN:** 561794980

- **Sponsor Address:** 6000 MONROE RD, CHARLOTTE, NC, 28212

- **Plan Type:** Health & Welfare

- **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|—|—|—|—|

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