# Memorial Motors, INC. 401(k) Plan
Source: https://planprovider.pro/companies/memorial-motors-inc-401k-plan

> Memorial Motors, INC.'s 401(k) plan: 3,232 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Memorial Motors, INC.

- **Sponsor EIN:** 591602368

- **Sponsor Address:** 2925 MALL HILL DRIVE, LAKELAND, FL, 33810

- **Plan Type:** 401(k)

- **Total Participants:** 3,232

- **Total Assets:** $25.1M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **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|3,232|$25.1M|$590,376|$3.5M|

| 2023|2,714|$20.8M|$574,914|$3.4M|

| 2022|2,310|$14.9M|$541,854|$3.2M|

## 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|$158,119|—|$158,119|

| PRINCIPAL SECURITIES INC|OTHER SERVICES|—|$45,389|$45,389|

| JANET A. PANEBIANCO, CPA, PLLC|CONTRACT ADMINISTRATOR|$19,225|$10,107|$29,332|

| WALL TITUS, LLC|Auditor|—|—|$0|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $232,840

- **Estimated Expense Ratio:** 0.926% 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|$177,344|—|$177,344|—|—|

| 2023|$136,305|—|$136,305|—|—|

| 2022|$113,387|—|$113,387|—|—|

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