Plan Ledger DOL Form 5500 · updated monthly

Mike Erdman Motors, Inc.401(k)

MIKE ERDMAN MOTORS 401(K) SAVINGS PLAN · COCOA, FL · plan year 2025

Reported admin expense ratio · 2025
0.06%

Mike Erdman Motors, Inc. reported $4,755 in plan administrative expenses for 2025: 0.06% of average plan assets, lower than ~75% of peers. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 3 years on file its reported administrative ratio fell from 0.18% to 0.06%. The plan sits in the $1M–$10M size bracket, benchmarked here against 809 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Florida (1,913th of 3,644), and 2,869th of 5,215 in retail trade.

Plan summary
Net assets, end of year$8,845,915
Participants with balances177
Active participants169
Employer contributions—
Employee contributions$967,189
Employer contribution per active participant—
Average account balance$49,977
Benefits paid to participants$557,352
Plan auditUnmodified (clean) audit opinion
AuditorREYNOLDS, BONE & GRIESBECK PLC
Plan history4
Yearassets · accounts · employer contribution
2025$8.8M · 177 accts
2024$7.5M · 181 accts
2023$6.8M · 184 accts
2022$5.5M · 199 accts
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$4,755
Total administrative$4,755
What these fees cost you

Annual cost at the plan's reported 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20253
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$4,754
FIDELITY INSURANCE AGENCY INC · Investment advisory (plan)indirect comp
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history4
2025$4,755 · 0.06%
2024$6,975 · 0.10%
2023$6,476 · 0.11%
2022$10,542 · 0.18%
Same employer
Similar plansRetail Trade · Florida
Now Optics LLC FL$9.1M · 0.75%
Stadium, Inc. FL$9.1M · 0.47%
Petmed Express, Inc. FL$9.0M · 0.87%
The Boat House Group FL$8.7M · 0.51%

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Source: U.S. Department of Labor, Form 5500 series, EIN 650180295 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.