Plan Snapshot
- Plan Sponsor: Volvo Group North America LLC
- Sponsor EIN: 582431188
- Sponsor Address: 7900 NATIONAL SERVICE ROAD, GREENSBORO, NC, 274099416
- Plan Type: DB
- Total Participants: 3,322
- Total Assets: $314.2M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 3,322 | $314.2M | $0 | $0 |
| 2023 | 3,512 | $339.6M | $0 | $0 |
| 2022 | 3,735 | $338.0M | $0 | $0 |
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 |
|---|---|---|---|---|
| CLIFTONLARSONALLEN LLP | Auditor | $20,300 | — | $20,300 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CLIFTONLARSONALLEN LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $20,300
- Estimated Expense Ratio: 0.006% 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 | $1,346,151 | — | $480 | $20,300 | — |
| 2023 | $1,542,697 | — | $390,703 | $23,100 | — |
| 2022 | $1,323,856 | — | — | — | $717,360 |