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Spitzer Management Inc Profit Sharing and Savings Plan
The Spitzer Management Inc Profit Sharing and Savings Plan is the retirement vehicle for employees of Spitzer Management Inc., an automotive dealership group...
Spitzer Management Inc Profit Sharing and Savings Plan
The Spitzer Management Inc Profit Sharing and Savings Plan is the retirement vehicle for employees of Spitzer Management Inc., an automotive dealership group headquartered in Elyria, Ohio. Founded by the late John Spitzer and expanded under Chairman and CEO Alan Spitzer, the company operates a network of dealerships across Ohio and Pennsylvania. The plan, as of 2019, held total assets exceeding $81 million and serves as a defined-contribution vehicle with both 401(k) and profit-sharing components. Alison Spitzer, daughter of Alan Spitzer, now serves as President of the parent company, representing a second generation of family leadership at the operating-company level. The plan's investment structure is participant-directed, meaning individual employees allocate their account balances across a curated menu of mutual funds, collective trusts, and possibly a self-directed brokerage window. The plan does not make direct investments in private companies, real estate, or venture capital — it functions as a retirement pool, not a family-office-style investment vehicle. The sponsoring company's wealth, however, extends well beyond the retirement plan. Spitzer family holdings include a commercial real estate portfolio under DCF Real Estate, Ltd. and Windsong Investments, LLC in Ohio, plus a residential portfolio in Idaho and Wyoming under Spitzer Realty Teton Portfolio. The family also maintains partnership and joint venture interests across the United States. The plan had total assets of roughly $81 million as of its most recent publicly available regulatory filing in 2019. The sponsoring employer, Spitzer Management, is estimated to employ several hundred people across its dealership locations in Ohio and Pennsylvania. The plan's automatic enrollment feature has historically helped drive broad participation across the workforce. Beyond the retirement plan, Alan Spitzer holds a fine art photography collection with locations in Florida and Maine, and the family participates in the Western Reserve Historical Society's Guardian Society and the Ocean Reef Club in Key Largo, Florida, through its Art League events. The plan's structural differentiator is not in its investment strategy — it is a conventional 401(k) — but in the dual identity of its sponsor. Spitzer Management is both an operating car-dealership business and the center of a family enterprise with substantial real estate holdings and multigenerational leadership. The retirement plan's investment menu likely includes no proprietary funds or direct real estate exposure, maintaining a clean separation between participant retirement assets and the Spitzer family's private investment portfolio. Philanthropic activity flows through the Automobile Dealers Educational Assistance Foundation and the United States Ski Team Foundation, further distinguishing family wealth from plan assets.
General information
Firm type
Pension Fund
Location
Region
North America
Country
United States
City
Elyria
Corporate office
Elyria, OH, United States
Principals
Alan Spitzer
Chairman and CEO of Spitzer Management Inc.
Alison Spitzer
President of Spitzer Management Inc.
Sector focus
Frequently asked questions
Who runs the Spitzer Management Inc Profit Sharing and Savings Plan?
The plan is sponsored by Spitzer Management Inc., whose Chairman and CEO is Alan Spitzer and President is Alison Spitzer. Day-to-day plan administration is typically handled by a third-party recordkeeper and a plan committee, though specific committee members are not publicly listed. Investment decisions for the plan's fund menu are made by plan fiduciaries, not by individual participants.
Does the Spitzer plan invest in private companies or real estate directly?
No. As a defined-contribution 401(k) and profit-sharing plan, it provides participants with a menu of publicly available investment options — primarily mutual funds and collective trusts. The Spitzer family's separate real estate holdings, including DCF Real Estate, Ltd. and the Spitzer Realty Teton Portfolio, are held outside the retirement plan.
Is this plan a single-family office?
No. The Spitzer Management Inc Profit Sharing and Savings Plan is an employee retirement plan, not a family office. While the Spitzer family controls the sponsoring company and maintains a separate portfolio of real estate and private investments, the plan itself is a conventional ERISA-governed 401(k) and profit-sharing vehicle.
What is the plan's known posture on ESG or impact investing options?
There is no public information on whether the plan's investment menu includes ESG-focused funds. Like many 401(k) plans of its size, the fund lineup is likely constructed around core asset-class exposure — U.S. and international equities, fixed income, and target-date funds — rather than thematic or values-based strategies.
Where does the underlying wealth of the sponsoring family come from?
The Spitzer family wealth originates from automotive retail. John and Alan Spitzer built Spitzer Management into one of Ohio's largest auto dealership networks. The family also holds substantial commercial and residential real estate across Ohio, Idaho, and Wyoming, plus a fine art photography collection and ongoing joint-venture interests.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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