Plan Snapshot
- Plan Sponsor: Mcgovern Auto Group Corp Services, INC.
- Sponsor EIN: 812825767
- Sponsor Address: 777 WASHINGTON STREET, NEWTON, MA, 02460
- Plan Type: 401(k)
- Total Participants: 1,818
- Total Assets: $41.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,818 | $41.3M | $657,276 | $5.6M |
| 2023 | 1,595 | $29.8M | $542,720 | $4.3M |
| 2022 | 1,173 | $21.5M | $738,870 | $3.5M |
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 |
|---|---|---|---|---|
| WITHUM SMITH & BROWN, PC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WITHUM SMITH & BROWN, PC — 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 | $221,295 | — | — | — | — |
| 2023 | $158,049 | — | — | — | — |
| 2022 | $70,003 | — | — | — | — |