How big is Southgate Automotive, Inc.'s plan?

Southgate Automotive, Inc.'s plan reported $15.9M in assets and 154 participants for 2024.

Original filing (PDF)20251013110450NAL0000522339001

Southgate Automotive, Inc.

Name: Southgate Automotive, Inc. — Southgate Automotive, Form 5500 (2024)
Creator: Southgate Automotive, Inc.
License: https://www.usa.gov/government-works

Form 5500

FILING_RECEIVED

Southgate Automotive, Inc. 401(k) Plan & Trust

401(k) retirement plan · Southgate Automotive, Inc.'s Southgate Automotive, Inc. 401(k) Plan & Trust held $15.9M in plan assets for 154 participants in 2024, with Fidelity as recordkeeper.

Signals · 2

35% in single holdingCorrective distributions issued

Active participants

154

Accounts w/ balance

209

Plan assets (EOY)

$15.9M

Net assets (EOY)

$15.9M

People on this filing

Walter J. OBEN Jr. signed Southgate Automotive, Inc.'s 2024 Form 5500 as plan administrator.

Walter J. OBEN Jr. — Plan Administrator — Form 5500 signer

Get verified email & phone for these signers

Signer names are public record from the Form 5500 e-signature.

Plan identifiers

Southgate Automotive, Inc.'s EIN is 38-2452677.

EIN 38-2452677

Plan number 002

Plan year 2024

ACK ID 20251013110450NAL0000522339001

Official Form 5500 document

Download the official 2024 Form 5500 (PDF) for Southgate Automotive, Inc. from the U.S. Department of Labor's EFAST2 system.

Download the official 2024 Form 5500 (PDF)

Plan features

Southgate Automotive, Inc.'s plan includes ERISA 404(c) participant direction, a 401(k) feature, a default investment (QDIA).

Decision-maker contacts

One unlock reveals every key decision-maker — plan signer, CFO, HR & Benefits — with verified email + LinkedIn for SOUTHGATE AUTOMOTIVE, INC..

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How this plan invests

This plan

38 securities

funds · stocks · CUSIPs

Holdings are itemized directly on this plan's Schedule of Assets, below.

Plan health score

Top-tier plan health

Directional indicator from public Form 5500 data — compliance & integrity, total plan cost, participant health and vendor stack, benchmarked against same-size peers. Not a fiduciary tool.

Compliance & integrity

Total plan cost

Plan health

Vendor & structure

100

Knocking points off

Corrective distributions issued (likely failed ADP/ACP testing).

Helping the score

Below-peer total plan cost (89th percentile).

Plan sponsor

Name

SOUTHGATE AUTOMOTIVE, INC.

EIN

all filings

Address

16501 FORT STREET · SOUTHGATE, MI · 48195

Phone

(734) 282-3636

Industry

Retail Trade

Plan administrator

Same as plan sponsor.

Plan characteristics

Plan number

002

Plan year

2024

Plan year begin

2024-01-01

Tax period

2024-12-31

Filed

2025-10-13

Pension benefit codes

2F · ERISA section 404(c)

2G · Total participant-directed accounts

2J · 401(k) feature

2K · 401(m) arrangement

2T · Default investment account (QDIA)

3H · Sponsor in controlled / affiliated group

3D · Pre-approved plan (master / prototype / VS)

Audit & trust (Schedule H)

Service providers (Schedule C)

1 rows

Recordkeeper

Name	EIN	Location	Relation	Direct comp	Indirect comp
FIDELITY INVESTMENTS INSTITUTIONAL	04-2647786	—	RECORDKEEPER	$575	—

Investments

38 direct securities· $15.7M(99% of reported assets)

Mutual Funds

$15.3M

34 holdings

Common Collective Trusts

$339K

4 holdings

					% of plan
Fidelity Investments Fidelity Blue Chip Fund	Mutual Funds	—	—	$5.4M	34.2%
Fidelity Investments Fidelity Growth Company Fund	Mutual Funds	—	—	$1.6M	10.1%
Fidelity Investments Fidelity Government Money Market	Mutual Funds	—	—	$1.2M	7.3%
Fidelity Investments Fidelity OTC Fund	Mutual Funds	—	—	$765K	4.8%
Fidelity Investments Fidelity Freedom 2040 Fund	Mutual Funds	—	—	$607K	3.8%
Fidelity Investments American Funds American Mutual R4	Mutual Funds	—	—	$569K	3.6%
Fidelity Investments Fidelity Contrafund	Mutual Funds	—	—	$519K	3.3%
Fidelity Investments Fidelity Mid-cap Stock Fund	Mutual Funds	—	—	$442K	2.8%
Fidelity Investments Fidelity Low-priced Stock Fund	Mutual Funds	—	—	$379K	2.4%
Fidelity Investments Fidelity Freedom 2010 Fund	Mutual Funds	—	—	$344K	2.2%
Fidelity Investments Fidelity Dividend Growth Fund	Mutual Funds	—	—	$312K	2.0%
Fidelity Investments Fidelity Investment Grade Bond Fund	Mutual Funds	—	—	$301K	1.9%
Fidelity Investments Fidelity Focused Stock Fund	Mutual Funds	—	—	$291K	1.8%
Fidelity Investments Fidelity Freedom 2015 Fund 20 * Fidelity Investments Fidelity Freedom 2020 Fund	Mutual Funds	—	—	$278K	1.7%
Fidelity Investments Fidelity Freedom 2030 Fund	Mutual Funds	—	—	$275K	1.7%
Fidelity Investments Fidelity Freedom 2045 Fund	Mutual Funds	—	—	$257K	1.6%
Fidelity Investments Fidelity Large Cap Stock Fund	Mutual Funds	—	—	$236K	1.5%
Fidelity Investments Fidelity Diversified International Fund	Mutual Funds	—	—	$231K	1.5%
Fidelity Investments Carillon Eagle Mid Cap Growth Fund	Mutual Funds	—	—	$204K	1.3%
Fidelity Investments Fidelity Freedom 2070 Fund 259 * Fidelity Investments Fidelity Value Strategies	Mutual Funds	—	—	$174K	1.1%
Fidelity Investments Oakmark International I	Mutual Funds	—	—	$160K	1.0%
Fidelity Investments Fidelity Intermediate Bond Fund	Mutual Funds	—	—	$141K	0.9%
Fidelity Investments Fidelity International Index Fund	Common Collective Trusts	—	—	$129K	0.8%
Fidelity Investments Fidelity Total Market Index Fund	Common Collective Trusts	—	—	$123K	0.8%
Fidelity Investments Virtus Ceredex Mid Cap Value Equity Fund	Mutual Funds	—	—	$120K	0.8%
Fidelity Investments Fidelity Freedom 2035 Fund	Mutual Funds	—	—	$114K	0.7%
Fidelity Investments Fidelity Freedom 2055 Fund	Mutual Funds	—	—	$83K	0.5%
Fidelity Investments Fidelity Freedom 2060 Fund	Mutual Funds	—	—	$71K	0.4%
Fidelity Investments Fidelity Freedom 2050 Fund	Mutual Funds	—	—	$61K	0.4%
Fidelity Investments Fidelity Extended Market Index Fund	Common Collective Trusts	—	—	$56K	0.4%
Fidelity Investments Fidelity Small-cap Value	Mutual Funds	—	—	$43K	0.3%
Fidelity Investments Fidelity Puritan Fund	Mutual Funds	—	—	$34K	0.2%
Fidelity Investments Fidelity US Bond Index Fund	Common Collective Trusts	—	—	$32K	0.2%
Fidelity Investments Fidelity Real Estate Investment	Mutual Funds	—	—	$32K	0.2%
Fidelity Investments Fidelity Freedom 2025 Fund	Mutual Funds	—	—	$31K	0.2%
Fidelity Investments Fidelity Freedom 2065 Fund	Mutual Funds	—	—	$30K	0.2%
Fidelity Investments Principal Small Cap R4 Fund	Mutual Funds	—	—	$20K	0.1%
Fidelity Investments Fidelity Freedom Income Fund	Mutual Funds	—	—	$20K	0.1%