Priority Automotive Group 401(K) & Profit Sharing Plan — Form 5500 plan (Priority Automotive Group)

Plain-English plan 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, Priority Automotive Group 401(K) & Profit Sharing Plan is a benefit plan reported by Priority Automotive Group under EIN 54-0273390 and plan number 002. The latest loaded filing year is 2023. The filing reports 1,814 participants and $23,029,352 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Priority Automotive Group
EIN
54-0273390
Plan number
002
Plan type
2
Location
Chesapeake, VA
Latest filing year
2023
Participants
1,814
End-of-year plan assets
$23,029,352

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
20231,814H, C20241007151247NAL0016310529001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$23,029,352
Total liabilities (EOY)
$0
Net assets (EOY)
$23,029,352
Net assets (BOY)
$42,239,455

Income & contributions

Employer contributions
$203,648
Participant contributions
$3,501,832
Total contributions
$4,189,873
Total income / additions
$9,133,770

Expenses & distributions

Benefits paid
$28,069,480
Administrative expenses
$246,499
Total expenses
$28,343,873
Net increase / (decrease)
-$19,210,103

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Principal Life Insurance CompanyCONTRACT ADMINISTRATOR$218,499$02023
Wells Fargo Clearing Svcs (Wf Advs)INVESTMENT ADVISORY$0$70,2272023
BdoPLAN CONSULTANT$28,000not reported in the loaded dataset2023

Related Form 5500 pages