Plan Snapshot
- Plan Sponsor: Village Ford, INC.
- Sponsor EIN: 382391300
- Sponsor Address: 23535 MICHIGAN AVENUE, DEARBORN, MI, 48124
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 222
- Total Assets: $17.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 222 | $17.9M | $0 | $0 |
| 2024 | 179 | $15.5M | $69,221 | $1.1M |
| 2023 | 175 | $14.3M | $69,233 | $1.1M |
| 2022 | 155 | $13.6M | $63,963 | $1.0M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | Recordkeeper | $34,836 | — | $34,836 |
| STRATEGIC ADVISORS, INC. | Investment Advisor | $17,031 | — | $17,031 |
| INSTITUTIONAL INVESTMENT CONSULTIN | Investment Advisor | $5,994 | — | $5,994 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $57,861
- Estimated Expense Ratio: 0.324% of plan assets
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 |
|---|---|---|---|---|---|
| 2025 | $1,433,660 | $23,025 | — | — | — |
| 2024 | $56,813 | $27,260 | — | — | — |
| 2023 | $50,216 | $21,818 | — | — | — |
| 2022 | $60,553 | $14,757 | — | — | — |