Plan Snapshot
- Plan Sponsor: Sellers Automotive, INC.
- Sponsor EIN: 832479985
- Sponsor Address: 24501 HATHAWAY ST., FARMINGTON HILLS, MI, 48335
- Plan Type: 401(k)
- Total Participants: 0
- Total Assets: $0
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 | 0 | $0 | $44,773 | $146,710 |
| 2022 | 119 | $6.8M | $200,691 | $631,718 |
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 |
|---|---|---|---|---|
| GRANT, MILLMAN & JOHNSON, P.C. | Auditor | $25,650 | — | $25,650 |
| SENTINEL BENEFITS GROUP, INC. | NONE | $22,966 | — | $22,966 |
| CAPTRUST | NONE | $22,744 | — | $22,744 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GRANT, MILLMAN & JOHNSON, P.C. — Auditor
- SENTINEL BENEFITS GROUP, INC. — NONE
- CAPTRUST — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $71,360
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 | $56,203 | $4,667 | $24,520 | $25,650 | — |
| 2022 | $49,120 | $22,743 | — | — | $26,377 |