Plan Snapshot
- Plan Sponsor: Mullinax Ford
- Sponsor EIN: 593619944
- Sponsor Address: 1551 E SEMORAN BLVD, APOPKA, FL, 32703
- Plan Type: 401(k)
- Total Participants: 862
- Total Assets: $36.0M
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 | 862 | $36.0M | $741,555 | $4.5M |
| 2023 | 776 | $29.2M | $649,695 | $3.8M |
| 2022 | 684 | $23.4M | $574,840 | $3.4M |
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 |
|---|---|---|---|---|
| ADP, INC. | RECORD KEEPER | $89,108 | — | $89,108 |
| MERRILL LYNCH PIERCE FENNER & SMITH | INVESTMENT ADVISOR | $46,476 | $3,123 | $49,599 |
| BDO USA, P.C. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ADP, INC. — RECORD KEEPER
- BDO USA, P.C. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $138,707
- Estimated Expense Ratio: 0.385% 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 | $135,584 | $46,476 | — | — | — |
| 2023 | $110,105 | $36,543 | — | — | — |
| 2022 | $101,984 | — | — | — | — |