Flint Auto Auction, Inc. 401(k) Plan: Login, Facts & Contact Information

No recent filing

No Form 5500 has been filed for this plan since plan year 2016. The plan may have been terminated, merged into another plan, or moved to a new sponsor. Everything below comes from its last filing on record.

Flint Auto Auction, Inc. 401(k) Plan Facts (plan year 2016)

Plan name
FLINT AUTO AUCTION, INC. 401(K) PROFIT SHARING PLAN & TRUST
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
FLINT AUTO AUCTION, INC.
Participants
640 (13 active employees)
Former employees with a balance
66
Plan assets
$2,928,099 at Jul 31, 2017
Average account balance
$34,448 across 85 accounts
Employer contributions
$52,135 in plan year 2016 (20% of all contributions)
Plan year
Aug 1, 2016 – Jul 31, 2017
Plan established
Jan 1, 1993
✓ Employer contributions— Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2016 (Aug 1, 2016 – Jul 31, 2017), filed May 14, 2019. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2016

  • $261,817 went into the plan in contributions, $52,135 of it from the employer (20%).
  • $5.11 million was paid out to participants.
  • Investment and other income added $713,200.
  • Administrative expenses were $31,333, about $369 per account.

How the Flint Auto Auction, Inc. 401(k) changed, 2011–2016

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2011362$3.95 million$109,295$133,863
2012373$4.92 million$108,810$212,200
2013402$5.98 million$119,105$163,899
2014373$6.54 million$125,343$371,030
2015696$7.12 million$137,201$228,473
2016640$2.93 million$52,135$5.11 million

Flint Auto Auction, Inc. 401(k) Contact Information

Phone
248-726-7689
Mailing address
1934 HEIDE DRIVE, TROY MI 480845344
Plan sponsor
FLINT AUTO AUCTION, INC.
Employer identification number (EIN)
38-1430992
Plan number
001

Questions about the Flint Auto Auction, Inc. 401(k)

Is the Flint Auto Auction, Inc 401(k) plan still active?

We can't confirm that. The last Form 5500 on record for this plan covers plan year 2016, and no later filing was found under this employer's EIN.

Does Flint Auto Auction, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2016 the employer contributed $52,135, 20% of all contributions.

Does the Flint Auto Auction, Inc 401(k) have automatic enrollment?

No. The plan does not report automatic enrollment; employees enroll themselves.

How many people are in the Flint Auto Auction, Inc 401(k) plan?

640 participants at the start of plan year 2016, 13 of them active employees, and 66 former employees who still had money in the plan.

What is the average 401(k) balance at Flint Auto Auction, Inc?

About $34,448 per account: $2.93 million in plan assets across 85 accounts with a balance at the end of plan year 2016.

Who manages the Flint Auto Auction, Inc 401(k) accounts?

Fidelity NetBenefits is the plan's recordkeeper, which is where participants log in to see their balance.

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