Ferman Motor Car Company And Affiliated Dealerships 401(K) Savings Plan — Form 5500 plan (Ferman Motor Car Company, 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, Ferman Motor Car Company And Affiliated Dealerships 401(K) Savings Plan is a benefit plan reported by Ferman Motor Car Company, Inc. under EIN 59-0240570 and plan number 001. The latest loaded filing year is 2023. The filing reports 988 participants and $34,622,516 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$34.6MPlan net assets, end of year$34,622,516
Participants988Covered participants reported
Assets / participant$35KComputed: assets ÷ participants$35,043 (computed)
Provider compensation$41K1 Schedule C provider row(s)$41,031
- Plan sponsor
- Ferman Motor Car Company, Inc.
- EIN
- 59-0240570
- Plan number
- 001
- Plan type
- 2
- Location
- Tampa, FL
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 988 | H, C | 20241015174656NAL0059010818001 |
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)$34.6M total assets
Net assets$34.6MLiabilities—
Full reported line items
Net assets
- Total assets (EOY)
- $34,622,516
- Net assets (EOY)
- $34,622,516
- Net assets (BOY)
- $29,712,682
Income & contributions
- Employer contributions
- $324,055
- Participant contributions
- $2,632,837
- Total contributions
- $2,990,080
- Total income / additions
- $8,416,663
Expenses & distributions
- Benefits paid
- $3,366,625
- Administrative expenses
- $42,666
- Total expenses
- $3,506,829
- Net increase / (decrease)
- $4,909,834
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.
89%
Employer 11%Participant 89%
Total expenses ÷ net assets10%Computed ratio
Benefits paid ÷ total income40%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Transamerica Retirement Solutions | RECORDKEEPER | $41,031 | $0 | 2023 |