Plan Snapshot
- Plan Sponsor: Mahalak Auto Group 401(K) Plan
- Sponsor EIN: 381815707
- Sponsor Address: 15160 S. DIXIE HWY, MONROE, MI, 481613771
- Plan Type: 401(k)
- Total Participants: 298
- Total Assets: $10.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 298 | $10.5M | $222,060 | $809,065 |
| 2023 | 283 | $10.8M | $282,760 | $1.0M |
| 2022 | 251 | $9.6M | $304,679 | $1.1M |
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 |
|---|---|---|---|---|
| FENNER, MELSTROM & DOOLING | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FENNER, MELSTROM & DOOLING — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $55,455 | — | $55,455 | — | — |
| 2023 | $55,444 | — | $55,444 | — | — |
| 2022 | $49,782 | — | $49,782 | — | — |