Retirement plan

TULLEY AUTOMOTIVE GROUP, INC. 401K PROFIT SHARING PLAN

Name: TULLEY AUTOMOTIVE GROUP, INC. - TULLEY AUTOMOTIVE GROUP, INC. 401K PROFIT SHARING PLAN (2017) Form 5500
Creator: TULLEY AUTOMOTIVE GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TULLEY AUTOMOTIVE GROUP, INC. 401K PROFIT SHARING PLAN, TULLEY AUTOMOTIVE GROUP, INC.

TULLEY AUTOMOTIVE GROUP, INC.EIN 02-0241189Plan #002PY 2017

147 DANIEL WEBSTER HIGHWAY - SOUTH NASHUA, NH 030605224603-821-8732tulley.comLinkedIn201-500 employeesautomotive

Prospect flagsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$8.3M

+4.5% from 2016

Total participants

235

+8.8% from 2016

Average account balance

$45,942

-8.9% from 2016

Annual return

16.15%

+7.02 pp from 2016

Benchmarks

See 2,319 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,319 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$18.95M

Not enough data

1 years with asset history on file

Average account balance

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

$48K

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.

395

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.

91.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.00M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+14.07%

Not enough data

1 years with return on file

Admin fee / account holder

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

$173

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 5 by compensation

Provider	Service type	Compensation
NATIONWIDE3+ years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$25,830
ALPHA PENSION GROUP, INC.1 year Filed as: ALPHA PENSION GROUP INC. Service code 27 70 WEST VIEW STREET · LEXINGTON, MA 02421	Advisory (Plan)	$13,408
THE ANGELL PENSION GROUP, INC.3+ years Filed as: THE ANGELL PENSION GROUP INC Service code 26 · EIN 04-2530412 88 BOYD AVE · EAST PROVIDENCE, RI 02814	Advisory (Participants)	$7,755
NEW ENGLAND PENSION CONSULTANTS3+ years Filed as: NEW ENGLAND INVEST & RETIREMENT GRP Service code 27 231 SUTTON ST STE 2A · NORTH ANDOVER, MA 01845	Advisory (Plan)	$7,326
O'CONNOR DAVIES, LLP2 years Filed as: O'CONNOR AND DREW PC Service code 10 25 BRAINTREE HILL OFFICE PARK · BRAINTREE, MA 02184	Accounting	$3,500

Plan features & details

Pension benefit codes2E2G2J2K3D2S2T

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$57K

$287 / participant

Contract admin$57K100.0%

% of EOY assets

0.684%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: O'CONNOR & DREW, P.C.
Auditor EIN: 043000523
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$45,942

$51,466-10.7%

$78,778-41.7%

$62,293-26.2%

Participation rate

72.1%

59.8%+12.3pp

69.2%+2.9pp

69.5%+2.6pp

Annual return

16.15%

19.96%-3.8pp

35.62%-19.5pp

28.90%-12.7pp

Employer contribution / active EE

$540

$827-34.7%

$1,986-72.8%

$2,042-73.6%

Participant deferral / active EE

$2,785

$2,147+29.7%

$2,958-5.9%

$3,169-12.1%

Admin fee / account holder

$314

$489-35.8%

$5,134-93.9%

$479-34.5%

Provider

Service type

Compensation

NATIONWIDE3+ years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$25,830

ALPHA PENSION GROUP, INC.1 year

Filed as: ALPHA PENSION GROUP INC.

Service code 27

70 WEST VIEW STREET · LEXINGTON, MA 02421

Advisory (Plan)

$13,408

THE ANGELL PENSION GROUP, INC.3+ years

Filed as: THE ANGELL PENSION GROUP INC

Service code 26 · EIN 04-2530412

88 BOYD AVE · EAST PROVIDENCE, RI 02814

Advisory (Participants)

$7,755

NEW ENGLAND PENSION CONSULTANTS3+ years

Filed as: NEW ENGLAND INVEST & RETIREMENT GRP

Service code 27

231 SUTTON ST STE 2A · NORTH ANDOVER, MA 01845

Advisory (Plan)

$7,326

O'CONNOR DAVIES, LLP2 years

Filed as: O'CONNOR AND DREW PC

Service code 10

25 BRAINTREE HILL OFFICE PARK · BRAINTREE, MA 02184

Accounting

$3,500

TULLEY AUTOMOTIVE GROUP, INC. 401K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TULLEY AUTOMOTIVE GROUP, INC. 401K 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