2023 Form 5500 filing — Priority Automotive Group 401(K) & Profit Sharing 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 20241007151247NAL0016310529001) for Priority Automotive Group 401(K) & Profit Sharing Plan, reported by Priority Automotive Group under EIN 54-0273390 and plan number 002. It reports 1,814 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241007151247NAL0016310529001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Priority Automotive Group
- EIN
- 54-0273390
- Plan number
- 002
- Location
- Chesapeake, VA
- Participants
- 1,814
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $23,029,352
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $23,029,352
- Employer contributions
- $203,648
- Participant contributions
- $3,501,832
- Total income / additions
- $9,133,770
- Benefits paid
- $28,069,480
- Administrative expenses
- $246,499
- Total expenses
- $28,343,873
- Net increase / (decrease)
- -$19,210,103
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $218,499 | $0 |
| Wells Fargo Clearing Svcs (Wf Advs) | INVESTMENT ADVISORY | $0 | $70,227 |
| Bdo | PLAN CONSULTANT | $28,000 | not reported in the loaded dataset |