# Ray Laethem Buick Gmc, INC. 401(k) Plan
Source: https://planprovider.pro/companies/ray-laethem-buick-gmc-inc-401k-plan

> Ray Laethem Buick Gmc, INC.'s 401(k) plan: 107 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Ray Laethem Buick Gmc, INC.

- **Sponsor EIN:** 382329266

- **Sponsor Address:** 17677 MACK AVE, DETROIT, MI, 48224

- **Plan Type:** 401(k)

- **Total Participants:** 107

- **Total Assets:** $4.9M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** Yes

- **Participant Loans:** No

- **Participant-Directed Investments:** No

- **ERISA Section 404(c) Fiduciary Safe Harbor:** Yes

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|107|$4.9M|$38,237|$361,673|

| 2023|125|$6.9M|$55,072|$493,878|

| 2022|130|$6.1M|$536,329|$57,581|

## 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|

| BENDA, GRACE, STULTZ & COMPANY, PC|Auditor|—|—|$0|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $0

### 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|$14,949|$2,554|$12,395|—|—|

| 2023|$1,872|—|—|—|—|

| 2022|$852|—|—|—|$852|

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