Plan Snapshot
- Plan Sponsor: Phil Smith Management, INC. Dba Phil Smith Automotive Group
- Sponsor EIN: 650838041
- Sponsor Address: 4250 N. FEDERAL HIGHWAY, LIGHTHOUSE POINT, FL, 33064
- Plan Type: 401(k)
- Total Participants: 894
- Total Assets: $20.0M
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 | 894 | $20.0M | $175,626 | $1.7M |
| 2023 | 842 | $17.4M | $253,240 | $1.9M |
| 2022 | 902 | $15.5M | $278,608 | $2.2M |
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 |
|---|---|---|---|---|
| CROWE, LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $65,774 | $47,269 | — | — | — |
| 2023 | $58,792 | $40,395 | — | — | — |
| 2022 | $73,757 | — | $73,757 | — | — |