Retirement plan

RON BOUCHARD'S AUTO SALES, INC. 401(K) SAVINGS PLAN

Name: RON BOUCHARD'S AUTO SALES, INC. D/B/A HONDA STORE - RON BOUCHARD'S AUTO SALES, INC. 401(K) SAVINGS PLAN (2023) Form 5500
Creator: RON BOUCHARD'S AUTO SALES, INC. D/B/A HONDA STORE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RON BOUCHARD'S AUTO SALES, INC. 401(K) SAVINGS PLAN, RON BOUCHARD'S AUTO SALES, INC. D/B/A HONDA STORE

RON BOUCHARD'S AUTO SALES, INC. D/B/A HONDA STOREEIN 04-2927994Plan #003PY 2023

476 SOUTHBRIDGE STREET - AUBURN, MA 01501508-832-0444

Prospect flagsHigh feesLow participationRecently reached 100 employeesCorrective distributions

How to read this page

Total assets (EOY)

$5.5M

+28.3% from 2022

Total participants

191

+13.7% from 2022

Average account balance

$44,597

-5.1% from 2022

Annual return

15.86%

+36.98 pp from 2022

Benchmarks

See 2,283 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,283 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.67M

Not enough data

1 years with asset history on file

Average account balance

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

$40K

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.

140

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.

65.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$666K

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

+11.58%

Not enough data

1 years with return on file

Admin fee / account holder

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

$359

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
STANCORP FINANCIAL GROUP5 years Service code 12 · EIN 93-1253576	Recordkeeping and information managem...	$20,101
DAVINCI CAPITAL MANAGEMENT5 years Filed as: DAVINCI CAPITAL MANAGEMENT, INC. Service code 27 · EIN 04-2530412	Advisory (Plan)	$18,576
THE ANGELL PENSION GROUP, INC.6 years Service code 13 · EIN 04-2530412	Contract Administrator	$8,070
CHARLES SCHWAB & CO., INC.2 years Filed as: CHARLES SCHWAB TRUST COMPANY Service code 19 · EIN 42-1558009	Securities Custodian	$1,999

Plan features & details

Pension benefit codes2E2F2G2J2K2S3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

4 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.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$44K

$261 / participant

Other / not subdivided$44K100.0%

% of EOY assets

0.809%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: TSS FINANCIAL PARTNERS, LLP
Auditor EIN: 991443496
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$44,597

$54,729-18.5%

$86,235-48.3%

$71,529-37.7%

Participation rate

60.0%

60.1%-0.1pp

69.0%-9.0pp

67.9%-7.9pp

Annual return

15.86%

20.07%-4.2pp

1170.03%-1154.2pp

28.97%-13.1pp

Employer contribution / active EE

$320

$1,267-74.8%

$2,381-86.6%

$2,590-87.7%

Participant deferral / active EE

$3,246

$3,110+4.4%

$3,987-18.6%

$4,291-24.4%

Admin fee / account holder

$361

$1,921-81.2%

$6,856-94.7%

$1,588-77.3%

Provider

Service type

Compensation

STANCORP FINANCIAL GROUP5 years

Service code 12 · EIN 93-1253576

Recordkeeping and information managem...

$20,101

DAVINCI CAPITAL MANAGEMENT5 years

Filed as: DAVINCI CAPITAL MANAGEMENT, INC.

Service code 27 · EIN 04-2530412

Advisory (Plan)

$18,576

THE ANGELL PENSION GROUP, INC.6 years

Service code 13 · EIN 04-2530412

Contract Administrator

$8,070

CHARLES SCHWAB & CO., INC.2 years

Filed as: CHARLES SCHWAB TRUST COMPANY

Service code 19 · EIN 42-1558009

Securities Custodian

$1,999

RON BOUCHARD'S AUTO SALES, INC. 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RON BOUCHARD'S AUTO SALES, INC. 401(K) SAVINGS 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