McGovern Auto Group Corp Services 401(k) match, vesting and fees
What McGovern Auto Group Corp Services' 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Transamerica Retirement Solutions | Schedule C ↗ |
| Independent auditor | Withum Smith & Brown, PC (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
| Late participant contributions | Reported on the filing | Schedule H ↗ |
How the plan compares
Plan year 2024 medians for 502 defined-contribution plans in retail trade with 500 to 999 participants.
| McGovern Auto Group Corp Services: employer contribution per participant | $771 | |
| Peer median | $928 |
| McGovern Auto Group Corp Services: average balance | $48,389 | |
| Peer median | $40,685 |
| McGovern Auto Group Corp Services: admin expenses ÷ assets | 0.62% | |
| Peer median | 0.37% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $29.8M at the end of plan year 2023 to $41.3M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 1,928 | $41.3M | $657K | $771 | 0.62% | Not published | Form 5500 ↗ |
| 2023 | 1,750 | $29.8M | $543K | $706 | 0.62% | Not published | Form 5500 ↗ |
Common questions
Does McGovern Auto Group Corp Services match 401(k) contributions?
The match terms for the Mcgovern Auto Group 401(k) Savings Plan have not been published from its filing yet. The plan year 2024 filing reports $657K in employer contributions, about $771 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the McGovern Auto Group Corp Services 401(k) match vested?
The vesting schedule for the Mcgovern Auto Group 401(k) Savings Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the McGovern Auto Group Corp Services 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Transamerica Retirement Solutions. The plan administrator is Mcgovern Auto Group Corp Services, Inc..
I left McGovern Auto Group Corp Services. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Mcgovern Auto Group Corp Services, Inc., (617) 454-2962) or the recordkeeper, Transamerica Retirement Solutions. The McGovern Auto Group Corp Services old 401(k) page lists the contacts from every plan filing. Find an old McGovern Auto Group Corp Services 401(k)
Data from the public Form 5500 annual reports McGovern Auto Group Corp Services filed with the U.S. Department of Labor (plan years 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with McGovern Auto Group Corp Services. Not financial advice. Report a correction · Methodology