Plan Snapshot
- Plan Sponsor: King Automotive Management LLC
- Sponsor EIN: 271608330
- Sponsor Address: 1345 S. FEDERAL HWY, DEERFIELD BEACH, FL, 334417248
- Plan Type: 401(k)
- Total Participants: 354
- Total Assets: $36.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 354 | $36.3M | $255,526 | $2.5M |
| 2023 | 335 | $32.1M | $267,191 | $2.5M |
| 2022 | 332 | $26.5M | $253,044 | $2.8M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $72,968 | — | $72,968 |
| NFP RETIREMENT | ACCOUNTANT | $57,162 | — | $57,162 |
| ASSURANCE DIMENSIONS, LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NFP RETIREMENT — ACCOUNTANT
- ASSURANCE DIMENSIONS, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $130,130
- Estimated Expense Ratio: 0.358% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $130,133 | $57,164 | $72,969 | — | — |
| 2023 | $96,976 | $29,274 | $67,702 | — | — |
| 2022 | $25,210 | — | $25,210 | — | — |