Plan Snapshot
- Plan Sponsor: Myers Automotive Group, INC.
- Sponsor EIN: 953263258
- Sponsor Address: 231 E. LINCOLN PARKWAY, ESCONDIDO, CA, 92026
- Plan Type: 401(k)
- Total Participants: 299
- Total Assets: $11.5M
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 | 299 | $11.5M | $5,355 | $1.1M |
| 2023 | 277 | $10.4M | $10,724 | $1.0M |
| 2022 | 287 | $9.1M | $10,352 | $1.2M |
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 | $67,093 | — | $67,093 |
| RESOURCES INVESTMENT ADVISORS, INC. | CONSULTANT | $22,025 | — | $22,025 |
| LANCE SOLL & LUNGHARD LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ADP, INC. — RECORD KEEPER
- RESOURCES INVESTMENT ADVISORS, INC. — CONSULTANT
- LANCE SOLL & LUNGHARD LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $89,118
- Estimated Expense Ratio: 0.773% 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 | $89,119 | $22,173 | — | — | — |
| 2023 | $80,582 | $19,805 | — | — | — |
| 2022 | $78,664 | — | — | — | — |