Retirement plan

EMPLOYEE BENEFIT PLAN OF WEIRS MOTOR SALES, INC.

Name: WEIRS MOTOR SALES, INC. - EMPLOYEE BENEFIT PLAN OF WEIRS MOTOR SALES, INC. (2020) Form 5500
Creator: WEIRS MOTOR SALES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF WEIRS MOTOR SALES, INC., WEIRS MOTOR SALES, INC.

WEIRS MOTOR SALES, INC.EIN 01-0280450Plan #001PY 2020

1513 PORTLAND RD - ARUNDEL, ME 040468116207-985-3537weirsmotorsales.comLinkedIn1-10 employeesautomotive

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$3.2M

+22.1% from 2019

Total participants

-3.8% from 2019

Average account balance

$69,002

+32.7% from 2019

Annual return

24.25%

+62.98 pp from 2019

Benchmarks

See 9,300 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort9,300 peers

Snapshot2020

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$4.37M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$62K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

52.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$447K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+21.50%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$19254

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

0 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2F2G2S2T3D

Plan features

2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$223K

$3535 / participant

Other / not subdivided$223K100.0%

% of EOY assets

7.017%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$69,002

$65,034+6.1%

$90,970-24.1%

$79,856-13.6%

Participation rate

52.4%

61.6%-9.2pp

69.0%-16.6pp

69.6%-17.3pp

Annual return

24.25%

30.45%-6.2pp

134.60%-110.3pp

31.71%-7.5pp

Employer contribution / active EE

$304

$1,247-75.7%

$2,122-85.7%

$2,471-87.7%

Participant deferral / active EE

$2,154

$2,512-14.3%

$3,373-36.1%

$3,741-42.4%

Admin fee / account holder

$4,842

$4,536+6.8%

$5,961-18.8%

$5,306-8.8%

EMPLOYEE BENEFIT PLAN OF WEIRS MOTOR SALES, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF WEIRS MOTOR SALES, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion