Plan Snapshot
- Plan Sponsor: Southern States Automotive Mgmt. Group LLC
- Sponsor EIN: 820793290
- Sponsor Address: 2511 WAKE FOREST ROAD, RALEIGH, NC, 27609
- Plan Type: 401(k)
- Total Participants: 166
- Total Assets: $5.7M
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. |
|---|---|---|---|---|
| 2024 | 166 | $5.7M | $234,277 | $494,368 |
| 2023 | 138 | $4.6M | $239,142 | $451,855 |
| 2022 | 130 | $3.9M | $0 | $353,989 |
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 |
|---|---|---|---|---|
| ELLIOTT GROUP CPAS, PLLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ELLIOTT GROUP CPAS, PLLC — Auditor
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 | $47,290 | $22,099 | $25,191 | — | — |
| 2023 | $39,811 | $18,572 | $21,239 | — | — |
| 2022 | $32,863 | $18,901 | $13,962 | — | — |