2023 Form 5500 filing — Metro Automotive Group 401(K) Retirement Savings 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 20240926183202NAL0001903696001) for Metro Automotive Group 401(K) Retirement Savings Plan, reported by Metro Motors, Inc. under EIN 33-0388292 and plan number 001. It reports 181 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240926183202NAL0001903696001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Metro Motors, Inc.
- EIN
- 33-0388292
- Plan number
- 001
- Location
- Montclair, CA
- Participants
- 181
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $4,534,084
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $4,534,084
- Employer contributions
- $0
- Participant contributions
- $439,762
- Total income / additions
- $1,069,082
- Benefits paid
- $858,870
- Administrative expenses
- $27,057
- Total expenses
- $902,803
- Net increase / (decrease)
- $166,279
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $17,884 | $0 |
| Financial Management Network Inc | INVESTMENT ADVISORY | $9,173 | $8 |
| Actuarial Benefits Corporation | OTHER SERVICES | $0 | $416 |