# Mills Automotive Group, INC. 401(k) Plan
Source: https://planprovider.pro/companies/mills-automotive-group-inc-plan-001

> Mills Automotive Group, INC.&#39;s 401(k) plan: 294 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/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|

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