Plan Snapshot
- Plan Sponsor: National Automobile Dealers Insurance Trust
- Sponsor EIN: 436121557
- Sponsor Address: 8484 WESTPARK DRIVE, SUITE 500, MCLEAN, VA, 22102
- Plan Type: 401(k)
- Plan Number: 507
- Total Participants: 1,461
- Total Assets: $3.1M
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 | 1,461 | $3.1M | $0 | $128,929 |
| 2023 | 1,577 | $3.3M | $0 | $80,829 |
| 2022 | 1,580 | $3.3M | $0 | $85,866 |
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 |
|---|---|---|---|---|
| NEWPORT TRUST COMPANY | Other Service Provider | $53,017 | — | $53,017 |
| PERSONIFY HEALTH SOLUTIONS, LLC | Other Service Provider | $42,332 | — | $42,332 |
| APRIO LLP | Auditor | $29,474 | — | $29,474 |
| MOSS ADAMS LLP | Other Service Provider | $23,376 | — | $23,376 |
| NADA SERVICES CORPORATION | Other Service Provider | $16,126 | — | $16,126 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $164,325
- Estimated Expense Ratio: 5.230% 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 | $200,580 | $5,269 | $42,332 | $29,474 | — |
| 2023 | $162,679 | $5,253 | $43,713 | $1,960 | — |
| 2022 | $381,891 | $341,246 | $47,122 | — | $45,156 |