Plan Snapshot
- Plan Sponsor: Pack Automotive Group
- Sponsor EIN: 751007322
- Sponsor Address: PO BOX 110098, CARROLLTON, TX, 75011
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 942
- Total Assets: $18.5M
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. |
|---|---|---|---|---|
| 2023 | 942 | $18.5M | $413,927 | $2.4M |
| 2022 | 835 | $14.7M | $0 | $1.6M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | Recordkeeper | $58,808 | — | $58,808 |
| WOODBURY FINANCIAL SERVICES INC | Investment Advisor | — | $28,018 | $28,018 |
| NATIONAL AUTOMOBILE DEALERS ASSOCIA | Other Service Provider | $18,272 | — | $18,272 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $12,058 | — | $12,058 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $117,156
- Estimated Expense Ratio: 0.634% 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 |
|---|---|---|---|---|---|
| 2023 | $94,086 | $12,058 | — | — | — |
| 2022 | $67,708 | — | $67,708 | — | — |