Serra Automotive 401(k) match, vesting and fees
What Serra Automotive's 401(k) plan says about matching contributions
Plan features
Indented passages are quoted word for word from the audit report; plan terms may have changed since, so check your current Summary Plan Description.
| Roth contributions | Participants are allowed to make Roth elective deferrals to the Plan. | 2024 audit report, p. 29 ↗ |
| Loans | Notes Receivable from Participants: The Plan provides that participants can borrow funds against their account balance limited to the lesser of 50 percent of their vested account balance or $50,000. However, the Plan requires a minimum of $1,000 to be borrowed. The loans are secured by the balance in the participant’s account and bear interest. | 2024 audit report, p. 30 ↗ |
| Recordkeeper | Milliman | 2025 Schedule C ↗ |
| Independent auditor | Crowe LLP (unmodified opinion, limited scope) | 2025 Schedule H ↗ |
| Plan type and status | 401(k) · Active | 2025 Form 5500 ↗ |
Match, vesting and other plan features are from the plan year 2024 filing's audit report (the latest one extracted so far). Rows cited to the Form 5500 and its schedules are from the plan year 2025 filing.
How the plan compares
Plan year 2025 medians for 266 defined-contribution plans in professional, scientific, and technical services with 1,000 to 4,999 participants.
| Serra Automotive: employer contribution per participant | $1,158 | |
| Peer median | $2,664 |
| Serra Automotive: average balance | $84,223 | |
| Peer median | $119,448 |
| Serra Automotive: admin expenses ÷ assets | 0.27% | |
| Peer median | 0.09% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $107M at the end of plan year 2021 to $179M at the end of plan year 2025.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2025 | 3,294 | $179M | $2.5M | $1,158 | 0.27% | Not published | Form 5500 ↗ |
| 2024 | 3,235 | $151M | $2.1M | $1,018 | 0.31% | Not published | Form 5500 ↗ |
| 2023 | 2,242 | $118M | $1.7M | $1,033 | 0.34% | Not published | Form 5500 ↗ |
| 2022 | 2,078 | $95.3M | $1.6M | $1,027 | 0.34% | Not published | Form 5500 ↗ |
| 2021 | 1,755 | $107M | $1.3M | $999 | 0.38% | Not published | Form 5500 ↗ |
Common questions
Does Serra Automotive match 401(k) contributions?
The match terms for the Serra Automotive 401(k) Plan & Trust have not been published from its filing yet. The plan year 2025 filing reports $2.5M in employer contributions, about $1,158 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Serra Automotive 401(k) match vested?
The vesting schedule for the Serra Automotive 401(k) Plan & Trust is not in the data published so far. Your Summary Plan Description states it.
Who manages the Serra Automotive 401(k)?
The recordkeeper listed on Schedule C of the plan year 2025 filing is Milliman. The plan administrator is Serra Automotive, Inc..
I left Serra Automotive. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Serra Automotive, Inc., (810) 936-2730) or the recordkeeper, Milliman. The Serra Automotive old 401(k) page lists the contacts from every plan filing. Find an old Serra Automotive 401(k)
Data from the public Form 5500 annual reports Serra Automotive filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024 and 2025) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Serra Automotive. Not financial advice. Report a correction · Methodology