Plan Snapshot
- Plan Sponsor: Vroom Automotive Finance Corp.
- Sponsor EIN: 943211687
- Sponsor Address: 1071 CAMELBACK STREET, NEWPORT BEACH, CA, 92660
- Plan Type: 401(k)
- Total Participants: 523
- Total Assets: $29.2M
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 | 523 | $29.2M | $973,891 | $2.7M |
| 2023 | 666 | $25.9M | $841,267 | $2.8M |
| 2022 | 649 | $20.3M | $615,852 | $2.3M |
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 |
|---|---|---|---|---|
| VOYA RETIREMENT INSURANCE & ANNUITY | SERVICE PROVIDER | $124,453 | $48 | $124,501 |
| SHUSTER ADVISORY GROUP, LLC | SERVICE PROVIDER | — | $36,000 | $36,000 |
| WRIGHT FORD YOUNG & CO. | SERVICE PROVIDER | $16,750 | — | $16,750 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WRIGHT FORD YOUNG & CO. — SERVICE PROVIDER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $177,251
- Estimated Expense Ratio: 0.607% 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 | $141,203 | — | $118,353 | — | — |
| 2023 | $129,558 | — | $110,008 | — | — |
| 2022 | $119,640 | — | — | — | — |