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, Mike Erdman Motors 401(K) Savings Plan is a benefit plan reported by Mike Erdman Motors, Inc. under EIN 65-0180295 and plan number 001. The latest loaded filing year is 2023. The filing reports 227 participants and $6,750,481 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $6,750,481
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $6,750,481
- Net assets (BOY)
- $5,495,221
Income & contributions
- Participant contributions
- $971,687
- Total contributions
- $971,687
- Total income / additions
- $1,946,236
Expenses & distributions
- Benefits paid
- $684,500
- Administrative expenses
- $6,476
- Total expenses
- $690,976
- Net increase / (decrease)
- $1,255,260