Plan Snapshot
- Plan Sponsor: Mg24 Investments, LLC Dba Gosch Ford Of Temecula
- Sponsor EIN: 993027178
- Sponsor Address: 26895 YNEZ RD., TEMECULA, CA, 92591
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 17
- Total Assets: $13.2M
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 | 17 | $13.2M | $164,717 | $1.3M |
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 |
|---|---|---|---|---|
| TRANSAMERICA RETIREMENT SOLUTIONS, | Recordkeeper | $45,218 | — | $45,218 |
| BANK OF AMERICA NA | Investment Advisor | $38,589 | — | $38,589 |
| BENEFIT EQUITY INC. | Recordkeeper | $19,766 | — | $19,766 |
| TRANSITION FINANCE STRATEGIES LLC | Recordkeeper | $19,680 | — | $19,680 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TRANSAMERICA RETIREMENT SOLUTIONS, — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $123,253
- Estimated Expense Ratio: 0.934% 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 | $167,629 | — | $103,570 | — | — |