Plan Snapshot
- Plan Sponsor: Westgate Auto Group, LLC
- Sponsor EIN: 273079540
- Sponsor Address: PO BOX 90667, RALEIGH, NC, 27675
- Plan Type: 401(k)
- Total Participants: 298
- Total Assets: $4.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 298 | $4.7M | $243,329 | $437,887 |
| 2023 | 250 | $4.0M | $271,584 | $444,490 |
| 2022 | 250 | $3.0M | $403,513 | $571,293 |
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 |
|---|---|---|---|---|
| DREHER MARTIN CERTIFIED PUBLIC ACCO | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $30,895 | $17,993 | $12,002 | — | — |
| 2023 | $25,369 | $14,727 | $9,892 | — | — |
| 2022 | $12,704 | $7,087 | $4,767 | — | $850 |