# Pride Hyundai Of Lynn, INC. 401(k) Plan
Source: https://planprovider.pro/companies/pride-hyundai-of-lynn-inc-401k-plan

> Pride Hyundai Of Lynn, INC.&#39;s 401(k) plan: 87 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Pride Hyundai Of Lynn, INC.

- **Sponsor EIN:** 042707253

- **Sponsor Address:** 715 LYNNWAY, LYNN, MA, 01905

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

- **Total Participants:** 87

- **Total Assets:** $2.5M

## 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|87|$2.5M|$38,589|$251,678|

| 2023|73|$2.4M|$31,310|$174,529|

| 2022|85|$2.3M|$24,469|$158,312|

## 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|

| WITHUM SMITH AND BROWN, PC|Auditor|—|—|$0|

### Verified Provider Profiles

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

- [WITHUM SMITH AND BROWN, PC](https://planprovider.pro/provider/withumsmithbrown-pc) — Auditor

## 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|$518,393|—|$23,996|—|—|

| 2023|$425,081|—|$15,836|—|—|

| 2022|$17,311|—|—|—|—|

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