2023 Form 5500 filing — Mcgrath Automotive Group 401(K) Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240925133217NAL0026864802001) for Mcgrath Automotive Group 401(K) Plan, reported by Mcgrath Enterprises, Inc. under EIN 36-3432209 and plan number 001. It reports 571 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
Form 5500 2 · 2023
Filing snapshot
Net assets (EOY)$20.6MReported net assets$20,631,444
Participants571
Provider compensation$101K3 Schedule C row(s)$101,028
Schedules filedSchedule H, Schedule CLoaded schedules
- EFAST2 acknowledgement
- 20240925133217NAL0026864802001
- Plan sponsor
- Mcgrath Enterprises, Inc.
- EIN
- 36-3432209
- Plan number
- 001
- Location
- Elgin, IL
- Received date
- not reported in the loaded dataset
Schedule H · 2023
Reported financial snapshot
Reported figures as filed, in whole dollars. Only fields the filing reports are shown.
Reported balance (end of year)$20.6M total assets
Net assets$20.6MLiabilities$0
Full reported line items
- Total assets (EOY)
- $20,631,444
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $20,631,444
- Employer contributions
- $680,693
- Participant contributions
- $2,360,388
- Total income / additions
- $5,485,633
- Benefits paid
- $1,591,332
- Administrative expenses
- $38,683
- Total expenses
- $1,630,053
- Net increase / (decrease)
- $3,855,580
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Mcculley Financial Group, LLC | INVESTMENT ADVISOR | $0 | $74,057 |
| Mcgrath Enterprises, Inc. | SELF | $18,045 | not reported in the loaded dataset |
| Howard Simon & Associates, Inc. | THIRD PARTY ADMINISTRATOR | $0 | $8,926 |