Miami Automotive Retail, Inc. 401(k) Plan: Login, Facts & Contact Information

Miami Automotive Retail, Inc. 401(k) Plan Facts

Plan name
MURGADO AUTOMOTIVE GROUP 401(K) PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
MIAMI AUTOMOTIVE RETAIL, INC.
Participants
728 (959 active employees)
Former employees with a balance
182
Plan assets
$36,510,148 at Dec 31, 2024
Average account balance
$69,809 across 523 accounts
Employer contributions
$227,317 in plan year 2024 (3% of all contributions)
Recordkeeper
Nationwide
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jan 1, 2002
✓ Employer contributions— Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed Oct 15, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $7.10 million went into the plan in contributions, $227,317 of it from the employer (3%).
  • $1.68 million was paid out to participants.
  • Investment and other income added $933,563.
  • Administrative expenses were $185,340, about $354 per account.

How the Miami Automotive Retail, Inc. 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019354$1.88 million$15,704$163,200
2020322$2.16 million$18,413$420,040
2021450$2.71 million$21,081$182,431
2022461$2.58 million$19,952$61,444
2023531$8.27 million$49,068$310,319
2024728$36.5 million$227,317$1.68 million

Miami Automotive Retail, Inc. 401(k) Contact Information

Phone
302-777-2957
Mailing address
665 SW 8TH ST, MIAMI FL 33130
Plan sponsor
MIAMI AUTOMOTIVE RETAIL, INC.
Employer identification number (EIN)
65-1069312
Plan number
001

Questions about the Miami Automotive Retail, Inc. 401(k)

Does Miami Automotive Retail, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $227,317, 3% of all contributions.

Does the Miami Automotive Retail, Inc 401(k) have automatic enrollment?

No. The plan does not report automatic enrollment; employees enroll themselves.

How many people are in the Miami Automotive Retail, Inc 401(k) plan?

728 participants at the start of plan year 2024, 959 of them active employees, and 182 former employees who still had money in the plan.

What is the average 401(k) balance at Miami Automotive Retail, Inc?

About $69,809 per account: $36.5 million in plan assets across 523 accounts with a balance at the end of plan year 2024.

Who manages the Miami Automotive Retail, Inc 401(k) accounts?

Nationwide is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Miami Automotive Retail, Inc. How do I access my 401(k)?

Your account stays with Nationwide after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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