Mcgrath Automotive Group 401(K) Plan — Form 5500 plan (Mcgrath Enterprises, Inc.)
Plain-English plan 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, Mcgrath Automotive Group 401(K) Plan is a benefit plan reported by Mcgrath Enterprises, Inc. under EIN 36-3432209 and plan number 001. The latest loaded filing year is 2023. The filing reports 571 participants and $20,631,444 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$20.6MPlan net assets, end of year$20,631,444
Participants571Covered participants reported
Assets / participant$36.1KComputed: assets ÷ participants$36,132 (computed)
Provider compensation$101K3 Schedule C provider row(s)$101,028
- Plan sponsor
- Mcgrath Enterprises, Inc.
- EIN
- 36-3432209
- Plan number
- 001
- Plan type
- 2
- Location
- Elgin, IL
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 571 | H, C | 20240925133217NAL0026864802001 |
Schedule H · 2023
Reported financial statement
Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.
Reported balance (end of year)$20.6M total assets
Net assets$20.6MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $20,631,444
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $20,631,444
- Net assets (BOY)
- $16,775,864
Income & contributions
- Employer contributions
- $680,693
- Participant contributions
- $2,360,388
- Total contributions
- $3,126,597
- Total income / additions
- $5,485,633
Expenses & distributions
- Benefits paid
- $1,591,332
- Administrative expenses
- $38,683
- Total expenses
- $1,630,053
- Net increase / (decrease)
- $3,855,580
Computed from reported fields
Reported ratios
Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.
22%78%
Employer 22%Participant 78%
Total expenses ÷ net assets8%Computed ratio
Benefits paid ÷ total income29%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Mcculley Financial Group, LLC | INVESTMENT ADVISOR | $0 | $74,057 | 2023 |
| Mcgrath Enterprises, Inc. | SELF | $18,045 | not reported in the loaded dataset | 2023 |
| Howard Simon & Associates, Inc. | THIRD PARTY ADMINISTRATOR | $0 | $8,926 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Mcgrath Enterprises, Inc.
- 2023 Form 5500 filing
- Form 5500 filings in IL
- 401(k) and benefit plan filings in Elgin, IL
- Mcculley Financial Group, LLC — Schedule C compensation
- Mcgrath Enterprises, Inc. — Schedule C compensation
- Howard Simon & Associates, Inc. — Schedule C compensation