Plan Snapshot
- Plan Sponsor: Mills Automotive Group, INC.
- Sponsor EIN: 261471946
- Sponsor Address: 14858 DELLWOOD DRIVE, BAXTER, MN, 56425
- Plan Type: 401(k)
- Total Participants: 294
- Total Assets: $13.6M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 294 | $13.6M | $106,628 | $731,690 |
| 2023 | 403 | $12.4M | $108,346 | $741,878 |
| 2022 | 297 | $11.4M | $112,724 | $717,743 |
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 |
|---|---|---|---|---|
| WIPFLI LLP | Auditor | $20,100 | — | $20,100 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WIPFLI LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $20,100
- Estimated Expense Ratio: 0.148% 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 | $64,158 | $4,569 | — | $20,100 | — |
| 2023 | $53,532 | $819 | — | $17,200 | — |
| 2022 | $63,601 | $15,000 | — | — | $48,601 |