# JM Family Enterprises, Inc. Associates' Retirement Plan

JM Family Enterprises, Inc. Associates' Retirement Plan is a Pension Fund based in Deerfield Beach, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Deerfield Beach, United States
- **Region:** North America
- **Address:** Deerfield Beach, FL, United States
- **Founded:** 1968
- **Assets under management:** Undisclosed
- **Website:** 401k.com
- **LinkedIn:** https://www.linkedin.com/company/jm-family-enterprises

## Regulatory record

- **Reports private funds:** No

## About

The Associates' Retirement Plan serves as the primary defined-contribution and profit-sharing vehicle for JM Family Enterprises, the sprawling automotive and financial-services conglomerate Jim Moran built around a Southeast Toyota distributorship. The firm has been 100% family-owned since its founding, with the Moran family's wealth held through intergenerational trusts. The plan, administered through Fidelity Investments, bundles 401(k), profit-sharing, and pension components for a workforce that exceeds 5,500 associates. Asset allocation spans public equities, fixed income, and a meaningful alternatives sleeve. The plan has historically participated in fund commitments, direct co-investments, and secondary transactions, with real estate and infrastructure exposure often aligned with JM Family's broader operating footprint — the firm owns the corporate headquarters complex in Deerfield Beach, the World Omni Financial Corp headquarters, and an industrial terminal in Jacksonville. Known relationships include engagements with large-cap buyout and special-situations managers, reflecting a preference for scalable, cash-flow-oriented strategies. Investment oversight sits with the Group Vice President and Chief Investment Officer role, most recently held by Dhvani Shah until May 2025. The investment team operates from the Deerfield Beach headquarters, with no disclosed satellite offices. Adjacent structures include The Jim Moran Foundation, a separate philanthropic entity focused on youth and family support in Florida, and the Moran family's direct ownership of operating businesses like JM Lexus and World Omni Financial Corp. Multiple executives participate in YPO and the Tiger 21 network, providing access to peer-family-office deal-sharing channels. Structurally, this plan differs from a standalone pension fund in that it functions as a captive pool within a wholly owned operating business. Its liability stream and liquidity profile are shaped entirely by the JM Family workforce rather than third-party corporate clients. The close integration with the family's operating assets — and the absence of external limited partners — allows the investment office to hold illiquid assets through cycle downturns without redemption pressure, a posture unavailable to most institutional peers.

## Sectors

- Real Estate
- Private Credit
- Hedge Funds
- Secondaries & Special Situations
- Infrastructure

## People

- Jim Moran — Founder, JM Family Enterprises
- Dhvani Shah — Former Group VP and Chief Investment Officer

## Questions

### Does the plan invest directly in alternatives, or does it rely on fund commitments?

The plan uses a hybrid approach. It commits to external private equity, real estate, and credit funds, and also participates in direct co-investments and secondary transactions. This mix reflects a strategy of leveraging fund-manager sourcing while retaining the ability to write direct checks alongside trusted GPs.

### How does the plan's investment posture relate to JM Family's operating businesses?

The plan is a captive pool serving JM Family's workforce, not a third-party asset manager. Its real asset exposure at times overlaps geographically with the company's own commercial real estate, such as the Deerfield Beach headquarters and Jacksonville marine terminal, but the investment function operates with independent fiduciary oversight.

### Who administers the plan's recordkeeping and custody?

Fidelity Investments handles administration, recordkeeping, and custody for the 401(k), profit-sharing, and pension components. The plan's alternative-asset portfolio is managed separately by the internal investment team.

## Related profiles

- [JM Family Enterprises](https://altss.com/profile/jm-family-enterprises-inc)
- [JM2 Capital](https://altss.com/profile/jm2-capital)

---

Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/jm-family-enterprises-inc-associates-retirement-plan

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology