# Miami Automotive Retail, INC. 401(k) Plan
Source: https://planprovider.pro/companies/miami-automotive-retail-inc-401k-plan

> Miami Automotive Retail, INC.'s 401(k) plan: 959 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

| GLOBAL RETIREMENT PARTNERS, LLC|ADVISORY FIRM|$14,530|—|$14,530|

| PAAST, P.L.|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [GLOBAL RETIREMENT PARTNERS, LLC](https://planprovider.pro/provider/global-retirement-partners-llc) — ADVISORY FIRM

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $14,530

- **Estimated Expense Ratio:** 0.040% 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|$185,340|—|—|—|—|

| 2023|$41,030|$23,592|$5,535|—|—|

| 2022|$34,083|—|$34,083|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/miami-automotive-retail-inc-401k-plan)

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