# King Automotive Management LLC 401(k) Plan
Source: https://planprovider.pro/companies/king-automotive-management-llc-401k-plan

> King Automotive Management LLC&#39;s 401(k) plan: 354 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/accelerate-retirement) — ACCOUNTANT

- [ASSURANCE DIMENSIONS, LLC](https://planprovider.pro/provider/assurance-dimensions-inc) — 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|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/king-automotive-management-llc-401k-plan)

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