Employer support
Not reportedReported employer contributions per active participant.
Department of Labor filing
Spot something wrong?MIKE ERDMAN MOTORS, INC.
MIKE ERDMAN MOTORS 401(K) SAVINGS PLAN · For the plan year ended Dec 31, 2024
Public filing 2024 · received Jul 11, 2025Verified current terms Not available
Plan at a glance
How good does the filing look?
There is not enough comparable filing data to judge this plan yet. This is a filing comparison, not a complete benefits score.
People in the filing
176Active participants reported for 2024.
The filing does not say how many employees are currently contributing.Visible plan-paid fees
$34 / participantReported administrative expense—not every fee an employee may pay.
Lower cost than about 87% of comparable plansInvestment performance
Not availablePlan assets changed 10.7%, but that includes contributions, withdrawals, and market movement.
Asset change is not investment performance.What we still need to judge the benefit
See missing terms ↓Current match formula, vesting, eligibility, investment choices, fund expense ratios, and employee-level fees.
Filing comparison · 2024—There is not enough comparable filing data to calculate this yet.
How this filing compares
Reported employer contributionsNot enough dataTypical peer $921 · based on 863 comparable plans
Lower reported administrative expense87th percentileTypical peer $169 · based on 934 comparable plans
This comparison uses historical filing figures. It does not compare current match formulas, vesting, investments, or employee fees.
The short version
What the latest filing tells us
For the plan year ended Dec 31, 2024, MIKE ERDMAN MOTORS, INC. reported Not reported in employer contributions across the plan and 176 active participants. That works out to Not reported per active participant. It is useful context, but it is not the current match formula and it does not show what any one employee received.
Active participants divided by all end-of-year plan participants. This is not the company participation rate because the filing does not report every eligible employee.
Change in reported employer contribution per active participant across the filing history shown.
Change in reported administrative expense per participant. Investment expenses may not be included.
Comparable-plan data is too limited for a score.
Where the public filing stops
Current match, vesting, eligibility, employee fees, and investment choices require a dated plan document. Until we have one, those details stay blank.
Latest financial record
Contributions, assets, and expenses
These figures are reported totals for the plan—not individual account balances or promises to any employee.
- Employer contributions
- Not reported
- Participant contributions
- $941,495
- Other contributions
- $2,647
- Employer share of reported contributions
- Not reported
- Beginning assets
- $6,750,481
- Ending assets
- $7,473,682
- Ending net assets
- $7,473,682
- Ending liabilities
- $0
- Total income
- $1,847,979
- Total expenses
- $1,124,778
- Administrative expenses
- $6,975
- Participant loans
- $248,173
Three-year filing history
How the reported figures changed
Each chart uses its own scale and starts at zero. When the filing has no value, the chart says so rather than turning it into a zero.
2022
Not reported
2023
Not reported
2024
Not reported
2022
$52
2023
$29
2024
$34
2022
181
2023
170
2024
176
| Plan year | Per active participant | Active participants | Plan assets | Filing ID |
|---|---|---|---|---|
| 2024 | Not reported | 176 | 7.5M | 20250711110958NAL0004185763001 |
| 2023 | Not reported | 170 | 6.8M | 20240719134531NAL0006902161001 |
| 2022 | Not reported | 181 | 5.5M | 20230712084516NAL0026880976001 |
Changes in plan assets are not the same as investment performance. Each row uses the selected public filing for that year.
Plan operations
Details worth knowing
- Participant loans as a share of plan assets
- 3.3%
- Independent accountant’s opinion
- Unqualified opinion Code 1
- Late participant contributions reported
- Not stated in the filing
- Public plan identifier
- 650180295-001
Reported plan details
Identity and filing status
- Plan type
- Retirement plan
- Employer arrangement
- Single-employer plan
- Plan effective date
- Aug 1, 1991
- Industry
- Retail trade
- Amended filing
- No
- Final filing for this plan
- No
- Short plan year
- No
- 401(k) feature reported
- Yes
Show DOL characteristic codes
2E2G2J2K2R2S2T3D
Reported service providers
Organizations named in the latest filing
The public dataset does not always identify a provider’s exact role. Compensation stays blank when it was not separately reported.
| Provider | Plan year | Direct compensation | Indirect compensation |
|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | 2024 | Not reported | unknown |
Current plan terms
Help fill the gap the filing leaves.
If you have a current SPD, fee disclosure, or enrollment guide, you can share it with us. We check the source and date before adding anything to the profile.
Filing ACK_ID20250711110958NAL0004185763001
Data sourceDOL Form 5500 bulk data ↗
Filing searchEFAST2 ↗