ML AUTOMOTIVE GROUP LLC
Plan Contact
- Address: 16725 NW 57 AVENUE,MIAMI GARDENS,FL
- Contact person: YVONNE SAMPER
- Phone: (305) 474-4045
Plan General Information
ML AUTOMOTIVE GROUP LLC Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of ML AUTOMOTIVE GROUP LLC is $5,416,395.00.This plan was established in 2012.
ML AUTOMOTIVE GROUP LLC Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in ML AUTOMOTIVE GROUP LLC is 537
ML AUTOMOTIVE GROUP LLC Average Participant Retirement Account Value
In 2023, the average participant retirement account value for ML AUTOMOTIVE GROUP LLC is $10,086.00
ML AUTOMOTIVE GROUP LLC Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for ML AUTOMOTIVE GROUP LLC is $1,849.00.
ML AUTOMOTIVE GROUP LLC Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in ML AUTOMOTIVE GROUP LLC is approximately $243.00
Investing in this additonal $243.00 for 20 years would give you extra $15,601.00, assuming a 10% annual return.
Investing in this additonal $243.00 for 20 years would give you extra $15,601.00, assuming a 10% annual return.
ML AUTOMOTIVE GROUP LLC Total Employer Contribution and Match Rate
In 2023, ML AUTOMOTIVE GROUP LLC allocates $130,904.00 to match its employees' contributions, providing an employer match rate of 14.06% of their contributions
ML AUTOMOTIVE GROUP LLC Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of ML AUTOMOTIVE GROUP LLC is 24.44%.
ML AUTOMOTIVE GROUP LLC Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for ML AUTOMOTIVE GROUP LLC is 12.53%. This measures the effectiveness of the plan participants' investments in the year.
ML AUTOMOTIVE GROUP LLC Expense Ratio
In 2023, the investment and administrative expense ratio of ML AUTOMOTIVE GROUP LLC is 0.13%.
Enrollment Features
ML AUTOMOTIVE GROUP LLC has the following features:Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
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