Spitzer Management Inc Profit Sharing and Savings Plan

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. Philanthropic activity flows through the Automobile Dealers Educational Assistance Foundation and the United States Ski Team Foundation, further distinguishing family wealth from plan assets.