# Vroom Automotive Finance Corp. 401(k) Plan
Source: https://planprovider.pro/companies/vroom-automotive-finance-corp-401k-plan

> Vroom Automotive Finance Corp.'s 401(k) plan: 523 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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.](https://planprovider.pro/provider/wright-ford-young-and-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|—|—|—|—|

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