Plan Ledger DOL Form 5500 · updated monthly

Automotive Credit Corporation401(k)

AUTOMOTIVE CREDIT-MICHAEL ANDREWS & ASSOCIATES 401(K) PLAN · SOUTHFIELD, MI · plan year 2024

Reported admin expense ratio · 2024
0.46%

Automotive Credit Corporation reported $47,834 in plan administrative expenses for 2024: 0.46% of average plan assets, higher than ~75% of peers. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 3 years on file its reported administrative ratio has held roughly steady near 0.46%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in Michigan (1,471st of 2,619), and 3,894th of 4,798 in finance & insurance. active participation has shrunk from 218 to 192 since 2022.

Plan summary
Net assets, end of year$10,957,633
Participants with balances219
Active participants192
Employer contributions—
Employee contributions$747,839
Employer contribution per active participant—
Average account balance$50,035
Benefits paid to participants$754,650
Plan auditUnmodified (clean) audit opinion
AuditorGORDON ADVISORS, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$11.0M · 219 accts
2023$9.6M · 190 accts · $192K emplr
2022$8.3M · 207 accts · $371K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$19,476
Investment management$25,320
Trustee / custodial$3,038
Total administrative$47,834
What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
NEWPORT GROUP, INC. · Contract administrator · Recordkeeping$19,476
HUNTINGTON NATIONAL BANK · Investment advisory (plan)$25,320

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$47,834 · 0.46%
2023$47,159 · 0.53%
2022$44,772 · 0.49%
Same employer
Similar plansFinance & Insurance · Michigan
Top Flite Financial Inc. MI$13.4M · 0.10%
Liberty Title Agency, Inc. MI$10.5M · 0.57%
Ofta, LLC MI$10.2M · 0.37%
Wilson Partners II, LLC MI$10.0M · 0.25%

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Source: U.S. Department of Labor, Form 5500 series, EIN 383073161 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.