Plan Snapshot
- Plan Sponsor: South Motors Of Dade County
- Sponsor EIN: 590788556
- Sponsor Address: 18010 SO. DIXIE HWY, MIAMI, FL, 33157
- Plan Type: 401(k)
- Total Participants: 15
- Total Assets: $7.6M
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 | 15 | $7.6M | $0 | $231,893 |
| 2023 | 869 | $13.9M | $0 | $1.2M |
| 2022 | 863 | $12.8M | $0 | $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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | Recordkeeper | $25,387 | — | $25,387 |
| NATIONAL AUTOMOBILE DEALERS ASSOCIA | Other Service Provider | $13,424 | — | $13,424 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $38,811
- Estimated Expense Ratio: 0.509% 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 | $42,447 | — | $1,398 | — | — |
| 2023 | $47,483 | — | — | — | — |
| 2022 | $46,967 | — | $46,967 | — | — |