Mahalak Auto Group 401(K) Plan — Form 5500 plan (Mahalak Auto Group 401(K) Plan)
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, Mahalak Auto Group 401(K) Plan is a benefit plan reported by Mahalak Auto Group 401(K) Plan under EIN 38-1815707 and plan number 001. The latest loaded filing year is 2023. The filing reports 278 participants and $10,758,710 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$10.8MPlan net assets, end of year$10,758,710
Participants278Covered participants reported
Assets / participant$38.7KComputed: assets ÷ participants$38,700 (computed)
Provider compensation$80K2 Schedule C provider row(s)$79,978
- Plan sponsor
- Mahalak Auto Group 401(K) Plan
- EIN
- 38-1815707
- Plan number
- 001
- Plan type
- 3
- Location
- Monroe, MI
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 278 | H, C | 20241014103500NAL0044172560001 |
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)$10.8M total assets
Net assets$10.8MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $10,758,710
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $10,758,710
- Net assets (BOY)
- $9,530,594
Income & contributions
- Employer contributions
- $282,760
- Participant contributions
- $1,042,546
- Total contributions
- $1,364,367
- Total income / additions
- $2,539,316
Expenses & distributions
- Benefits paid
- $1,214,750
- Administrative expenses
- $55,444
- Total expenses
- $1,311,200
- Net increase / (decrease)
- $1,228,116
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.
21%79%
Employer 21%Participant 79%
Total expenses ÷ net assets12%Computed ratio
Benefits paid ÷ total income48%Computed ratio
Provider comp. ÷ net assets1%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $55,443 | $0 | 2023 |
| Rehmann Group | INVESTMENT ADVISORY | $0 | $24,535 | 2023 |