Plan Snapshot
- Plan Sponsor: Scott-Mcrae Automotive Group, Lllp
- Sponsor EIN: 591992210
- Sponsor Address: 1725 MEMORIAL PARK DR, JACKSONVILLE, FL, 32204
- Plan Type: 401(k)
- Total Participants: 622
- Total Assets: $41.3M
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 | 622 | $41.3M | $711,788 | $3.8M |
| 2023 | 676 | $41.6M | $1.3M | $4.0M |
| 2022 | 623 | $35.0M | $1.2M | $3.4M |
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 |
|---|---|---|---|---|
| UBS FINANCIAL SERVICES INC | INVESTMENT ADVISOR | $52,069 | — | $52,069 |
| BKD LLP | AUDITOR | $13,650 | — | $13,650 |
| FORVIS MAZARS, LLP | Auditor | $13,650 | — | $13,650 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FORVIS MAZARS, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $79,369
- Estimated Expense Ratio: 0.192% 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 | $65,719 | $52,069 | — | $13,650 | — |
| 2023 | $58,218 | $44,323 | — | $13,125 | — |
| 2022 | $54,298 | — | $54,298 | — | — |