401(k) · DOL Form 5500 · 2023

Mike Erdman Motors, Inc. 401(k) Plan

Data updated 2026-08-25

$7M
Total assets Small plan by assets
190
Participants Below avg headcount
50th
Percentile by assets National rank
$35,529
Avg per participant Low balance/head
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Official DOL plan name: Mike Erdman Motors 401(k) Savings Plan · Sponsored by Mike Erdman Motors, Inc. · Florida · Retail Trade

$7M in assets, 190 participants

Mike Erdman Motors, Inc.'s Mike Erdman Motors 401(k) Savings Plan reported $7M in total assets and 190 participants in its 2023 DOL Form 5500 filing, ranking in the 50th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #5,090 in Retail Trade (8,414 peers)

Coverage in Florida

Mike Erdman Motors 401(k) Savings Plan covers 190 participants in Florida, about 30% of the average Florida filer (state average ~628 per filing). Assets: $7M.

#5,090
in Retail Trade (8,414 peers)
+22.8%
assets growth YoY

Mike Erdman Motors 401(k) Savings Plan's mid-pack asset rank among Retail Trade and all filers

Mike Erdman Motors 401(k) Savings Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$6,750,481 Top 50% higher than 50% of 127,068 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Mike Erdman Motors 401(k) Savings Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Mike Erdman Motors 401(k) Savings Plan sits mid-pack in the medium band (190 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Mike Erdman Motors 401(k) Savings Plan reported net income rose from -$482K in the plan year 2022 filing to $1M in the plan year 2023 filing.
  • Mike Erdman Motors 401(k) Savings Plan end-of-year assets rose from $5M in the plan year 2022 filing to $7M in the plan year 2023 filing.
  • Mike Erdman Motors 401(k) Savings Plan reported participants rose from 177 in the plan year 2022 filing to 190 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 650180295 · Mike Erdman Motors, Inc. PY 2023 · 401(k)

Mike Erdman Motors 401(k) Savings Plan · $7M · 190 · 50th

  • TYPE $7M
  • TYPE 190
  • TYPE 50th
  • TYPE 401(k)
  • TYPE near Carel USA 401(k) Plan
  • TYPE ind #5090

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Retail Trade retirement plans → · Plans in Florida →

Mike Erdman Motors 401(k) Savings Plan in the asset neighbourhood

Mike Erdman Motors 401(k) Savings PlanMike Erdman Motors 401(k) Sa…$7MCarel USA 401(k) Plan$7MCreekside Nursery 401(k) Retirement Savings PlanCreekside Nursery 401(k) Ret…$7MRootstock Software 401(k) Retirement PlanRootstock Software 401(k) Re…$7MTitus Brueckner Spitler & Shelts PLC Profit Sharing PlanTitus Brueckner Spitler & Sh…$7M
End-of-year total assets ($M) among Mike Erdman Motors 401(k) Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Florida filing particulars

Total Assets (Beginning of Year)$5M
Net Assets (End of Year)$7M
Net Income$1M
Employer EIN650180295
Plan Effective Date1991-08-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Mike Erdman Motors, Inc.)

Sponsor-wide plan assets over time

All Mike Erdman Motors, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$7M 36.00330177803586% vs 2022
2024 filing year
$5M$6M$7M$8M 202220232024 $5.5M $7.47M ▲ +35.8%
Year Plans Participants Total Assets
2022 1 177 $5M
2023 1 190 $7M
2024 1 175 $7M

Nearby 401(k) Plans in Florida

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Mike Erdman Motors 401(k) Savings Plan vs. nearby 401(k) plans in Florida, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000 -505101520 Total assets ($B) Participants Mike Erdman Motors 401(k) Savings Plan, Total assets ($B): 0.006750481 · Participants: 190Mike Erdman Motors 401(k) Savings PlanL3harris Retirement Savings Plan, Total assets ($B): 15.384363901 · Participants: 40665L3harris Retirement Savings PlanSavings Plan for Employees and Partners of Pwc, Total assets ($B): 11.333196569 · Participants: 50817Savings Plan for Employees and Partners of PwcAdp Totalsource Retirement Savings Plan, Total assets ($B): 8.025816173 · Participants: 308867Adp Totalsource Retirement Savings PlanTrinet 401(k) Plan, Total assets ($B): 7.029692551 · Participants: 157945Trinet 401(k) PlanPublix Super Markets, Inc. 401(k) Smart Plan, Total assets ($B): 6.572590596 · Participants: 184674Publix Super Markets, Inc. 401(k) Smart Plan
Mike Erdman Motors 401(k) Savings Plan vs. nearby 401(k) plans in Florida, assets vs. participants
Compare Mike Erdman Motors 401(k) Savings Plan side-by-side with 3 peers →

Mike Erdman Motors 401(k) Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside Florida, the nearest 401(k) by assets is Carel USA 401(k) Plan in PA ($7M); by covered participants it is Nextpoint Group, LLC 401(k) Plan in VA (190 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (190 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Mike Erdman Motors 401(k) Savings Plan assets move in 2023? ▼
Mike Erdman Motors 401(k) Savings Plan grew sharply - up 22.8% during 2023, from $5M to $7M. Reported net income was $1M.
How have Mike Erdman Motors, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Mike Erdman Motors, Inc.'s sponsor-wide assets grew 36.0%, from $5M to $7M.
Which 401(k) plans are similar in size to Mike Erdman Motors 401(k) Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Carel USA 401(k) Plan in PA ($7M, 93 participants).
Which 401(k) plans cover a similar participant headcount to Mike Erdman Motors 401(k) Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Nextpoint Group, LLC 401(k) Plan in VA (190 participants, $36M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 650180295.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.