# Southgate Automotive, INC. 401(k) Plan
Source: https://planprovider.pro/companies/southgate-automotive-inc-401k-plan

> Southgate Automotive, INC.'s 401(k) plan: 154 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Southgate Automotive, INC.

- **Sponsor EIN:** 382452677

- **Sponsor Address:** 16501 FORT STREET, SOUTHGATE, MI, 48195

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

- **Total Participants:** 154

- **Total Assets:** $15.9M

## 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|154|$15.9M|$129,764|$485,745|

| 2023|104|$13.5M|$130,557|$514,219|

| 2022|107|$11.7M|$107,756|$503,081|

## 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|

| MRPR GROUP PC|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [MRPR GROUP PC](https://planprovider.pro/provider/mrpr-group) — 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|$3,762|$3,187|—|—|—|

| 2023|$3,711|$3,311|—|—|—|

| 2022|$2,309|$1,909|—|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/southgate-automotive-inc-401k-plan)

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