Plan Snapshot
- Plan Sponsor: Petersburg Motor Company Dba Carter Myers Automotive
- Sponsor EIN: 540338910
- Sponsor Address: 100 MYERS DRIVE, CHARLOTTESVILLE, VA, 22901
- Plan Type: 401(k)
- Plan Number: 003
- Total Participants: 1,309
- Total Assets: $37.8M
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. |
|---|---|---|---|---|
| 2025 | 1,309 | $37.8M | $0 | $0 |
| 2024 | 929 | $31.2M | $404,983 | $4.2M |
| 2023 | 934 | $27.8M | $446,488 | $3.7M |
| 2022 | 802 | $23.1M | $360,998 | $2.8M |
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 | $96,581 | — | $96,581 |
| ONEDIGITAL INVESTMENT ADVISORS LLC | Investment Advisor | $33,422 | — | $33,422 |
| PETERSBURG MOTOR COMPANY INC T/A CA | Auditor | $7,375 | — | $7,375 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $137,378
- Estimated Expense Ratio: 0.364% 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 |
|---|---|---|---|---|---|
| 2025 | $4,363,034 | $33,422 | — | $7,375 | — |
| 2024 | $63,794 | $30,260 | — | — | — |
| 2023 | $24,556 | $24,556 | — | — | — |
| 2022 | $36,232 | — | $36,232 | — | — |