Retirement plan

SCRUB-A-DUB 401(K) RETIREMENT PLAN

Name: SCRUB-A-DUB AUTO WASH CENTERS, INC. - SCRUB-A-DUB 401(K) RETIREMENT PLAN (2016) Form 5500
Creator: SCRUB-A-DUB AUTO WASH CENTERS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SCRUB-A-DUB 401(K) RETIREMENT PLAN, SCRUB-A-DUB AUTO WASH CENTERS, INC.

SCRUB-A-DUB AUTO WASH CENTERS, INC.EIN 04-2990833Plan #003PY 2016

172 WORCESTER STREET - NATICK, MA 017602229508-650-1155

Prospect flagsLow participant contributionCorrective distributions

How to read this page

Total assets (EOY)

$2.8M

No prior year

Total participants

129

No prior year

Average account balance

$24,540

No prior year

Annual return

9.71%

No prior year

Benchmarks

See 3,429 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants25-99

Cohort3,429 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.13M

Not enough data

1 years with asset history on file

Average account balance

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

$57K

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.

57.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$508K

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

+9.47%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3615

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

Top 4 by compensation

Provider	Service type	Compensation
PROVANZANO & MARCHESIANI1+ years Filed as: PROVANZANO & MARCHESIANI P.C. Service code 10 LAKESIDE OFFICE PARK, SUITE F · WAKEFIELD, MA 018801635	Accounting	$7,000
MSI FINANCIAL SERVICES INC.1+ years Filed as: MSI FINANCIAL SERVICES Service code 55 1295 STATE ST MIP E410 · SPRINGFIELD, MA 01111	Other Commissions	$5,207
GREAT-WEST LIFE & ANNUITY INSURANCE1+ years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$400
GREAT-WEST LIFE & ANNUITY INSURANCE1+ years Filed as: EMPOWER RETIREMENT ADVISORY SERVICE Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$10

Plan features & details

Pension benefit codes2A2E2F2G2J2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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 participant contribution
Participant contribution per participant 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

$7K

$76 / participant

Contract admin$4105.5%
Other / not subdivided$7K94.5%

% of EOY assets

0.263%

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: RYAN & COSCIA, P.C.
Auditor EIN: 042894876
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$24,540

$47,944-48.8%

$67,834-63.8%

$62,881-61.0%

Participation rate

85.7%

61.1%+24.6pp

68.8%+16.9pp

69.3%+16.4pp

Annual return

9.71%

11.77%-2.1pp

138.47%-128.8pp

20.14%-10.4pp

Employer contribution / active EE

$510

$1,562-67.3%

$2,403-78.8%

$2,281-77.6%

Participant deferral / active EE

$566

$2,247-74.8%

$3,160-82.1%

$3,203-82.3%

Admin fee / account holder

$64

$3,712-98.3%

$4,622-98.6%

$4,296-98.5%

Provider

Service type

Compensation

PROVANZANO & MARCHESIANI1+ years

Filed as: PROVANZANO & MARCHESIANI P.C.

Service code 10

LAKESIDE OFFICE PARK, SUITE F · WAKEFIELD, MA 018801635

Accounting

$7,000

MSI FINANCIAL SERVICES INC.1+ years

Filed as: MSI FINANCIAL SERVICES

Service code 55

1295 STATE ST MIP E410 · SPRINGFIELD, MA 01111

Other Commissions

$5,207

GREAT-WEST LIFE & ANNUITY INSURANCE1+ years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$400

GREAT-WEST LIFE & ANNUITY INSURANCE1+ years

Filed as: EMPOWER RETIREMENT ADVISORY SERVICE

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$10

SCRUB-A-DUB 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SCRUB-A-DUB 401(K) RETIREMENT 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