Plan Snapshot
- Plan Sponsor: Miami Automotive Retail, INC.
- Sponsor EIN: 651069312
- Sponsor Address: 665 SW 8TH ST, MIAMI, FL, 33130
- Plan Type: 401(k)
- Total Participants: 959
- Total Assets: $36.5M
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 | 959 | $36.5M | $227,317 | $1.8M |
| 2023 | 625 | $8.3M | $49,068 | $710,608 |
| 2022 | 416 | $2.6M | $19,952 | $447,109 |
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 |
|---|---|---|---|---|
| PAAST, P.L. | Auditor | — | — | $0 |
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 | $185,340 | — | — | — | — |
| 2023 | $41,030 | $23,592 | $5,535 | — | — |
| 2022 | $34,083 | — | $34,083 | — | — |