Plan Snapshot
- Plan Sponsor: Victory Automotive Group
- Sponsor EIN: 383572888
- Sponsor Address: 46352 MICHIGAN AVE, CANTON, MI, 48188
- Plan Type: 401(k)
- Total Participants: 2,334
- Total Assets: $110.9M
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 | 2,334 | $110.9M | $4.7M | $13.2M |
| 2023 | 2,081 | $89.7M | $4.3M | $11.7M |
| 2022 | 1,954 | $69.6M | $4.0M | $10.9M |
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 |
|---|---|---|---|---|
| JANZ & KNIGHT, PLC | 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 | $704,359 | $488,251 | — | — | — |
| 2023 | $591,331 | $378,312 | — | — | — |
| 2022 | $542,423 | — | $542,423 | — | — |