Plan Snapshot
- Plan Sponsor: Serra Automotive, INC.
- Sponsor EIN: 382407959
- Sponsor Address: 102 W SILVER LAKE ROAD, FENTON, MI, 48430
- Plan Type: 401(k)
- Total Participants: 2,990
- Total Assets: $150.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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. |
|---|---|---|---|---|
| 2024 | 2,990 | $150.6M | $2.1M | $13.2M |
| 2023 | 2,012 | $117.6M | $1.7M | $11.3M |
| 2022 | 1,871 | $95.3M | $1.6M | $10.3M |
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 |
|---|---|---|---|---|
| CROWE LLP | 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 | $417,301 | $256,735 | — | — | — |
| 2023 | $361,230 | $243,493 | — | — | — |
| 2022 | $339,293 | — | — | — | $339,293 |