Plan Snapshot
- Plan Sponsor: Volvo Group North America, LLC
- Sponsor EIN: 582431188
- Sponsor Address: 8003 PIEDMONT TRIAD PARKWAY, GREENSBORO, NC, 274099407
- Plan Type: 401(k)
- Total Participants: 3,253
- Total Assets: $150.6M
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 | 3,253 | $150.6M | $7.1M | $9.6M |
| 2023 | 3,076 | $130.1M | $5.2M | $8.9M |
| 2022 | 3,187 | $107.0M | $5.2M | $8.3M |
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 |
|---|---|---|---|---|
| TRANSAMERICA RETIREMENT SOLUTIONS | Recordkeeper | $197,408 | — | $197,408 |
| EMPOWER ANNUITY INSURANCE COMPANY | Other Service Provider | $19,164 | — | $19,164 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TRANSAMERICA RETIREMENT SOLUTIONS — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $216,572
- Estimated Expense Ratio: 0.144% 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 |
|---|---|---|---|---|---|
| 2024 | $200,203 | — | — | — | — |
| 2023 | $221,084 | $11,890 | — | — | — |
| 2022 | $230,100 | $23,785 | — | — | — |