Plan Ledger DOL Form 5500 · updated monthly

Ml Automotive Group LLC401(k)

ML AUTOMOTIVE GROUP LLC · MIAMI GARDENS, FL · plan year 2024

Reported admin expense ratio · 2024
0.24%

Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works

Ml Automotive Group LLC reported $13,938 in plan administrative expenses for 2024: 0.24% of average plan assets, below the peer median. Employer contributions averaged $576 per active participant. 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 2 years on file its reported administrative ratio rose from 0.10% to 0.24%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Florida (2,266th of 3,644), and 3,415th of 5,215 in retail trade. In 2024, employees put in $7.88 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,330,470
Participants with balances530
Active participants205
Employer contributions$118,130
Employee contributions$930,734
Employer contribution per active participant$576
Average account balance$11,944
Benefits paid to participants$645,770
Plan auditUnmodified (clean) audit opinion
AuditorHLB GRAVIER LLP
Plan history3
Yearassets · accounts · employer contribution
2024$6.3M · 530 accts · $118K emplr
2023$5.4M · 518 accts · $131K emplr
2022$4.4M · 520 accts · $166K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$13,938
Total administrative$13,938
The Ml Automotive Group LLC 401(k) match · 2024
Employer contribution per active participant$576
Median for plans this size$1,313
2024$576 per active participant
2023$642 per active participant
2022$864 per active participant

Ml Automotive Group LLC's 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
ADP, INC. · Loan processing · Recordkeeping$13,938
ADP BROKER-DEALER · Other servicesindirect comp
MORGAN STANLEY SMITH BARNEY · Other servicesindirect comp

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

Recordkeeper by year2
2024ADP
2023ADP

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$13,938 · 0.24%
2023$6,990 · 0.14%
2022$4,138 · 0.10%
Same employer
Similar plansRetail Trade · Florida
Arnott Industries, Inc. FL$6.9M · 0.52%
Proctor & Proctor, Inc. FL$6.6M · 0.74%
Plantation Sales, Inc. FL$6.5M · 0.02%
Nhp Innovations, LLC FL$6.2M · 0.51%

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Source: U.S. Department of Labor, Form 5500 series, EIN 460566863 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.