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.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$23MPlan net assets, end of year$23,029,352
Participants1.8KCovered participants reported1,814
Assets / participant$12.7KComputed: assets ÷ participants$12,695 (computed)
Provider compensation$316.7K3 Schedule C provider row(s)$316,726
- Plan sponsor
- Priority Automotive Group
- EIN
- 54-0273390
- Plan number
- 002
- Plan type
- 2
- Location
- Chesapeake, VA
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 1,814 | H, C | 20241007151247NAL0016310529001 |
Schedule H · 2023
Reported financial statement
Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.
Reported balance (end of year)$23M total assets
Net assets$23MLiabilities$0
Full reported line items
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
Computed from reported fields
Reported ratios
Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.
95%
Employer 5%Participant 95%
Total expenses ÷ net assets123%Computed ratio
Benefits paid ÷ total income307%Computed ratio
Provider comp. ÷ net assets1%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $218,499 | $0 | 2023 |
| Wells Fargo Clearing Svcs (Wf Advs) | INVESTMENT ADVISORY | $0 | $70,227 | 2023 |
| Bdo | PLAN CONSULTANT | $28,000 | not reported in the loaded dataset | 2023 |