Retirement plan

COLONIAL AUTOMOTIVE GROUP 401K PLAN

Name: WELLESLEY VOLKSWAGEN, BUICK, INC. - COLONIAL AUTOMOTIVE GROUP 401K PLAN (2018) Form 5500
Creator: WELLESLEY VOLKSWAGEN, BUICK, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, COLONIAL AUTOMOTIVE GROUP 401K PLAN, WELLESLEY VOLKSWAGEN, BUICK, INC.

WELLESLEY VOLKSWAGEN, BUICK, INC.EIN 04-2462613Plan #002PY 2018

171 GREAT RD. - ACTON, MA 01720978-263-1000wellesleyvw.comLinkedIn11-50 employeesautomotive

Prospect flagsLow returnsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$7.5M

+5.0% from 2017

Total participants

580

+2.3% from 2017

Average account balance

$33,805

+3.5% from 2017

Annual return

-6.98%

-31.95 pp from 2017

Benchmarks

See 1,272 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort1,272 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$16.13M

Not enough data

1 years with asset history on file

Average account balance

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

$58K

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.

277

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.

38.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.84M

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

+13.69%

Not enough data

1 years with return on file

Admin fee / account holder

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

$224

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 4 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$28,096
ALPHA PENSION GROUP, INC.3 years Service code 27 70 WESTVIEW ST. 2ND FL · LEXINGTON, MA 02421	Advisory (Plan)	$13,000
SWERDLIN & COMPANY4+ years Filed as: SWERDLIN NORTHEAST, LLC Service code 13 · EIN 45-1256287	Contract Administrator	$2,125
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER RETIREMENT ADVISORY SERVICE Service code 27 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Advisory (Plan)	$1,102

Plan features & details

Pension benefit codes2E2J2K2F2G3H3D2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$29K

$52 / participant

Contract admin$29K100.0%

% of EOY assets

0.383%

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: DOWNEY & COMPANY, LLC
Auditor EIN: 043106302
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$33,805

$35,485-4.7%

$74,551-54.7%

$55,725-39.3%

Participation rate

35.2%

62.5%-27.3pp

69.1%-33.9pp

70.9%-35.6pp

Annual return

-6.98%

0.72%-7.7pp

32.53%-39.5pp

244.93%-251.9pp

Employer contribution / active EE

$777-100.0%

$1,961-100.0%

$2,078-100.0%

Participant deferral / active EE

$1,985

$2,181-9.0%

$3,108-36.1%

$3,356-40.8%

Admin fee / account holder

$130

$114+13.3%

$5,059-97.4%

$115+12.5%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$28,096

ALPHA PENSION GROUP, INC.3 years

Service code 27

70 WESTVIEW ST. 2ND FL · LEXINGTON, MA 02421

Advisory (Plan)

$13,000

SWERDLIN & COMPANY4+ years

Filed as: SWERDLIN NORTHEAST, LLC

Service code 13 · EIN 45-1256287

Contract Administrator

$2,125

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER RETIREMENT ADVISORY SERVICE

Service code 27

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Advisory (Plan)

$1,102

COLONIAL AUTOMOTIVE GROUP 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

COLONIAL AUTOMOTIVE GROUP 401K 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