2023 Form 5500 filing — Mag 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 20241115122040NAL0000792929001) for Mag 401(K) Plan, reported by Myers Auto Group, LLC under EIN 46-1423365 and plan number 001. It reports 526 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)$14.1MReported net assets$14,057,871
Participants526
Provider compensation$121.9K3 Schedule C row(s)$121,887
Schedules filedSchedule H, Schedule CLoaded schedules
EFAST2 acknowledgement
20241115122040NAL0000792929001
Plan sponsor
Myers Auto Group, LLC
EIN
46-1423365
Plan number
001
Location
West Palm Beach, FL
Received date
not reported in the loaded dataset
How to read this filing
  • This is a single annual Form 5500 filing, identified by its EFAST2 acknowledgement id.
  • Schedule chips (Sch H / I / C) show which schedules this filing includes.
  • Net assets = total assets minus total liabilities (Schedule H/I).
  • Fields a filing did not report are labeled not reported in the loaded dataset — never estimated.
  • For the plan's full history, open the plan profile.
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)$14.1M total assets
Net assets$14.1MLiabilities
Money in vs. money out
Total income / additions$5.8M
Total expenses$1.5M
Benefits paid / distributions$1.4M
Contributions
Employer$845.6K
Participant$2.3M
Full reported line items
Total assets (EOY)
$14,057,871
Net assets (EOY)
$14,057,871
Employer contributions
$845,599
Participant contributions
$2,318,690
Total income / additions
$5,810,431
Benefits paid
$1,381,076
Administrative expenses
$84,134
Total expenses
$1,465,210
Net increase / (decrease)
$4,345,221
Schedule C

Reported service provider compensation

Compensation reported on the 2023 filing, ranked by reported total.

  1. 1
    CONTRACT ADMINISTRATOR · Direct $75.3K · Indirect $0
  2. 2
    INVESTMENT ADVISORY · Direct $0 · Indirect $32.5K
  3. 3
    CONTRACT ADMINISTRATOR · Direct $8.5K · Indirect $5.6K

What to inspect next

Frequently asked questions

What does EFAST2 acknowledgement 20241115122040NAL0000792929001 cover?
It is the 2023 Form 5500 filing for Mag 401(K) Plan, reported by Myers Auto Group, LLC (EIN 46-1423365).
Which Form 5500 schedules are attached to this 2023 filing?
Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).

Related Form 5500 pages