Retirement plan

KOERNER FORD OF SYRACUSE, INC. 401(K) PROFIT SHARING PLAN

Name: KOERNER FORD OF SYRACUSE, INC. - KOERNER FORD OF SYRACUSE, INC. 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: KOERNER FORD OF SYRACUSE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KOERNER FORD OF SYRACUSE, INC. 401(K) PROFIT SHARING PLAN, KOERNER FORD OF SYRACUSE, INC.

KOERNER FORD OF SYRACUSE, INC.EIN 01-0722091Plan #002PY 2024

805 W. GENESEE ST. - SYRACUSE, NY 13204315-474-4275koernerford.comLinkedIn11-50 employeesautomotive

Other plans on this EIN

1 filing

#001Retirement-$565K assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$2.2M

+10.9% from 2023

Total participants

+5.7% from 2023

Average account balance

$66,019

-44.5% from 2023

Annual return

11.90%

-3.57 pp from 2023

Benchmarks

See 9,332 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort9,332 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.24M

Not enough data

1 years with asset history on file

Average account balance

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

$66K

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.

103.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$141K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+11.90%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4734

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 codes2E2G2J2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
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

1 tripped

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

$161K

$4878 / participant

Other / not subdivided$161K100.0%

% of EOY assets

7.171%

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

$66,019

$71,230-7.3%

$93,727-29.6%

$80,959-18.5%

Participation rate

90.9%

60.4%+30.5pp

68.7%+22.2pp

67.7%+23.2pp

Annual return

11.90%

11.26%+0.6pp

133.83%-121.9pp

35.67%-23.8pp

Employer contribution / active EE

$1,781

$1,565+13.8%

$2,421-26.4%

$2,757-35.4%

Participant deferral / active EE

$2,494

$4,037-38.2%

$4,417-43.5%

$4,300-42.0%

Admin fee / account holder

$4,734

$6,961-32.0%

$8,292-42.9%

$6,925-31.6%

KOERNER FORD OF SYRACUSE, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KOERNER FORD OF SYRACUSE, INC. 401(K) PROFIT SHARING PLAN

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