Retirement plan

EMPLOYEE BENEFIT PLAN OF WEIRS MOTOR SALES, INC.

Name: WEIRS MOTOR SALES, INC. - EMPLOYEE BENEFIT PLAN OF WEIRS MOTOR SALES, INC. (2021) 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 2021

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

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$3.9M

+21.3% from 2020

Total participants

+9.2% from 2020

Average account balance

$71,314

+3.4% from 2020

Annual return

16.22%

-8.03 pp from 2020

Benchmarks

See 9,332 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort9,332 peers

Snapshot2021

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

$74K

$1058 / participant

Other / not subdivided$74K100.0%

% of EOY assets

1.923%

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

$71,314

$70,418+1.3%

$96,570-26.2%

$85,847-16.9%

Participation rate

58.6%

61.8%-3.2pp

69.8%-11.3pp

69.3%-10.7pp

Annual return

16.22%

18.59%-2.4pp

37.79%-21.6pp

318.61%-302.4pp

Employer contribution / active EE

$390

$1,413-72.4%

$2,357-83.4%

$2,565-84.8%

Participant deferral / active EE

$2,976

$2,894+2.8%

$3,849-22.7%

$3,952-24.7%

Admin fee / account holder

$1,371

$4,995-72.5%

$6,182-77.8%

$6,261-78.1%

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