# Phil Smith Management, INC. Dba Phil Smith Automotive Group 401(k) Plan
Source: https://planprovider.pro/companies/phil-smith-management-inc-dba-phil-smith-automotive-group-401k-plan

> Phil Smith Management, INC. Dba Phil Smith Automotive Group's 401(k) plan: 894 participants, plan year 2024 financials, providers, and benchmarks from Form 5…

Form 5500 filing data for plan year 2024.

## 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|

| EMPOWER ADVISORY GROUP, LLC|INVESTMENT MGMT|$23,814|—|$23,814|

| ONEDIGITAL INVESTMENT ADVISORS LLC|INVESTMENT ADVISOR|$23,455|—|$23,455|

| EMPOWER ANNUITY INSURANCE COMPANY O|RECORDKEEPER|$18,505|—|$18,505|

| CROWE, LLP|Auditor|—|—|$0|

### Verified Provider Profiles

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

- [ONEDIGITAL INVESTMENT ADVISORS LLC](https://planprovider.pro/provider/onedigital-investment-advisors-llc) — INVESTMENT ADVISOR

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $65,774

- **Estimated Expense Ratio:** 0.329% 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|$65,774|$47,269|—|—|—|

| 2023|$58,792|$40,395|—|—|—|

| 2022|$73,757|—|$73,757|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/phil-smith-management-inc-dba-phil-smith-automotive-group-401k-plan)

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