Plan Snapshot
- Plan Sponsor: Liberty Chevrolet, INC.
- Sponsor EIN: 320082440
- Sponsor Address: 30400 LYON CENTER EAST, NEW HUDSON, MI, 48165
- Plan Type: 401(k)
- Total Participants: 870
- Total Assets: $32.9M
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 | 870 | $32.9M | $584,674 | $5.2M |
| 2023 | 945 | $26.6M | $613,968 | $5.2M |
| 2022 | 922 | $21.2M | $45,708 | $763,592 |
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 |
|---|---|---|---|---|
| MILLIMAN, INC. | NONE | $80,121 | — | $80,121 |
| CAPTRUST INVESTMENT ADVISORS | INVESTMENT ADVISOR | $42,840 | — | $42,840 |
| CHARLES SCHWAB BANK TRUST | NONE | — | $10,173 | $10,173 |
| JANZ & KNIGHT PLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MILLIMAN, INC. — NONE
- CHARLES SCHWAB BANK TRUST — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $133,134
- Estimated Expense Ratio: 0.404% 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 | $120,027 | $42,840 | $77,187 | — | — |
| 2023 | $111,914 | $38,445 | — | — | — |
| 2022 | $14,341 | — | $14,341 | — | — |