Retirement plan

FORDDIRECT RETIREMENT SAVINGS PLAN

Name: DEALERDIRECT, LLC D/B/A FORDDIRECT - FORDDIRECT RETIREMENT SAVINGS PLAN (2024) Form 5500
Creator: DEALERDIRECT, LLC D/B/A FORDDIRECT
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FORDDIRECT RETIREMENT SAVINGS PLAN, DEALERDIRECT, LLC D/B/A FORDDIRECT

DEALERDIRECT, LLC D/B/A FORDDIRECTdba FORDDIRECTEIN 38-3550946Plan #001PY 2024

4 PARKLANE BLVD., SUITE 675 - DEARBORN, MI 48126313-248-5288

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$60.3M

+21.0% from 2023

Total participants

399

+0.8% from 2023

Average account balance

$158,371

+22.3% from 2023

Annual return

17.05%

-5.09 pp from 2023

Benchmarks

See 611 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants250-999

Cohort611 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$60.34M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$158K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

381

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

94.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$6.20M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$20K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+17.05%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$-163

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 2 by compensation

Provider	Service type	Compensation
SCHWARTZ, STEINSAPIR, ET AL1 year Filed as: SCHWARTZ & CO INVESTMENT ADVISORS Service code 27 · EIN 38-2117812	Advisory (Plan)	$22,500
FIDELITY INVESTMENTS INSTITUTIONAL10+ years Service code 37 · EIN 04-2647786	Loan Processing	-$84,541

Plan features & details

Pension benefit codes2E2F2G2J2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Plan-level admin expenses are zero - fees are likely paid at the master-trust level rather than the individual plan.

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BDO USA, P.C.
Auditor EIN: 135381590
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$158,371

$90,064+75.8%

$100,392+57.8%

$77,736+103.7%

Participation rate

94.3%

81.3%+13.0pp

81.5%+12.8pp

70.6%+23.7pp

Annual return

17.05%

20.61%-3.6pp

49.45%-32.4pp

31.26%-14.2pp

Employer contribution / active EE

$6,348

$3,043+108.6%

$3,941+61.1%

$2,728+132.7%

Participant deferral / active EE

$13,397

$8,282+61.8%

$8,090+65.6%

$4,651+188.1%

Admin fee / account holder

-$163

$172-194.7%

$7,904-102.1%

$433-137.6%

Provider

Service type

Compensation

SCHWARTZ, STEINSAPIR, ET AL1 year

Filed as: SCHWARTZ & CO INVESTMENT ADVISORS

Service code 27 · EIN 38-2117812

Advisory (Plan)

$22,500

FIDELITY INVESTMENTS INSTITUTIONAL10+ years

Service code 37 · EIN 04-2647786

Loan Processing

-$84,541

FORDDIRECT RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FORDDIRECT RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion