2023 Form 5500 filing — Victory Automotive Group 401(K) Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20241015070928NAL0027744417001) for Victory Automotive Group 401(K) Plan, reported by Victory Automotive Group under EIN 38-3572888 and plan number 001. It reports 3,043 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241015070928NAL0027744417001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Victory Automotive Group
- EIN
- 38-3572888
- Plan number
- 001
- Location
- Canton, MI
- Participants
- 3,043
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $89,682,861
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $89,682,861
- Employer contributions
- $4,301,610
- Participant contributions
- $11,726,960
- Total income / additions
- $29,971,531
- Benefits paid
- $9,180,205
- Administrative expenses
- $591,331
- Total expenses
- $9,920,273
- Net increase / (decrease)
- $20,051,258
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Empower Annuity Insurance Company O | RECORDKEEPER | $213,019 | $0 |
| Secure Asset Management | INVESTMENT ADVISOR | $178,312 | not reported in the loaded dataset |
| Secure Asset Management | INVESTMENT ADVISOR | $120,000 | not reported in the loaded dataset |
| Secure Asset Management | INVESTMENT ADVISOR | $50,000 | not reported in the loaded dataset |
| Secure Asset Management | INVESTMENT ADVISOR | $20,000 | not reported in the loaded dataset |
| Secure Asset Management | INVESTMENT ADVISOR | $10,000 | not reported in the loaded dataset |