Miami Automotive Retail, Inc. 401(K) Plan — Form 5500 plan (Miami Automotive Retail, 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, Miami Automotive Retail, Inc. 401(K) Plan is a benefit plan reported by Miami Automotive Retail, Inc. under EIN 65-1069312 and plan number 001. The latest loaded filing year is 2023. The filing reports 531 participants and $8,273,880 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$8.3MPlan net assets, end of year$8,273,880
Participants531Covered participants reported
Assets / participant$15.6KComputed: assets ÷ participants$15,582 (computed)
Provider compensation$42.7K3 Schedule C provider row(s)$42,707
- Plan sponsor
- Miami Automotive Retail, Inc.
- EIN
- 65-1069312
- Plan number
- 001
- Plan type
- 2
- Location
- Miami, FL
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 531 | H, C | 20250114140227NAL0031845216001 |
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)$8.3M total assets
Net assets$8.3MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $8,273,880
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $8,273,880
- Net assets (BOY)
- $2,566,739
Income & contributions
- Employer contributions
- $49,068
- Participant contributions
- $710,608
- Total contributions
- $5,516,153
- Total income / additions
- $6,058,490
Expenses & distributions
- Benefits paid
- $310,319
- Administrative expenses
- $41,030
- Total expenses
- $351,349
- Net increase / (decrease)
- $5,707,141
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Global Retirement Partners, LLC | ADVISORY FIRM | $23,592 | not reported in the loaded dataset | 2023 |
| Nationwide | RECORDKEEPER | $13,250 | $330 | 2023 |
| My Benefits, LLC | PPA/TPA | $5,535 | not reported in the loaded dataset | 2023 |