# Myers Auto Group, LLC 401(k) Plan
Source: https://planprovider.pro/companies/myers-auto-group-llc-401k-plan

> Myers Auto Group, LLC's 401(k) plan: 526 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Myers Auto Group, LLC

- **Sponsor EIN:** 461423365

- **Sponsor Address:** 915 SOUTH DIXIE HIGHWAY, WEST PALM BEACH, FL, 33401

- **Plan Type:** 401(k)

- **Total Participants:** 526

- **Total Assets:** $17.9M

## 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|526|$17.9M|$833,541|$2.4M|

| 2023|531|$14.1M|$845,599|$2.3M|

| 2022|468|$9.7M|$727,616|$2.0M|

## 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|

| PRINCIPAL LIFE INSURANCE COMPANY|CONTRACT ADMINISTRATOR|$97,792|—|$97,792|

| ROYAL ALLIANCE ASSOCIATES, INC.|INVESTMENT ADVISORY|—|$38,348|$38,348|

| DEFINITI, LLC|CONTRACT ADMINISTRATOR|$9,989|$8,035|$18,024|

| HOLYFIELD & THOMAS LLC|Auditor|—|—|$0|

### Verified Provider Profiles

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

- [ROYAL ALLIANCE ASSOCIATES, INC.](https://planprovider.pro/provider/royal-alliance-associates-inc) — INVESTMENT ADVISORY

- [HOLYFIELD & THOMAS LLC](https://planprovider.pro/provider/holyfield-and-thomas-llc) — Auditor

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $154,164

- **Estimated Expense Ratio:** 0.863% 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|$93,592|—|$93,592|—|—|

| 2023|$84,134|—|$84,134|—|—|

| 2022|$105,021|—|$105,021|—|—|

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