Retirement plan

PEABODY MOTOR SPORTS, INC. 401(K) PROFIT SHARING PLAN

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

PEABODY MOTOR SPORTS, INC.EIN 04-3200557Plan #001PY 2024

7 CENTENNIAL DRIVE - PEABODY, MA 01960978-532-8300LinkedIn1-10 employeesautomotive

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$38.1M

+4.1% from 2023

Total participants

555

-0.4% from 2023

Average account balance

$96,591

+7.3% from 2023

Annual return

11.91%

-5.28 pp from 2023

Benchmarks

See 1,308 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort1,308 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$38.06M

Not enough data

1 years with asset history on file

Average account balance

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

$97K

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.

394

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.

63.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.08M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+11.91%

Not enough data

1 years with return on file

Admin fee / account holder

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

$75

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 6 by compensation

Provider	Service type	Compensation
MORGAN STANLEY SMITH BARNEY3 years Filed as: MORGAN STANLEY SMITH BARNEY LLC Service code 55	Other Commissions	$83,219
CLIFTONLARSONALLEN LLP3 years Filed as: CLIFTON LARSON ALLEN WEALTH ADVISOR Service code 10 1301 W 22ND ST STE 1100 · OAK BROOK, IL 60523	Accounting	$15,750
THE ANGELL PENSION GROUP, INC.3 years Filed as: THE ANGELL PENSION GROUP INC Service code 13 88 BOYD AVENUE · EAST PROVIDENCE, RI 02914	Contract Administrator	$11,250
THE ANGELL PENSION GROUP, INC.10+ years Service code 13	Contract Administrator	$10,617
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$6,147
MORGAN STANLEY SMITH BARNEY3 years Service code 55 · EIN 26-4310844	Other Commissions	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3D3H

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.
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

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$30K

$67 / participant

Other / not subdivided$30K100.0%

% of EOY assets

0.078%

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: POZERSKI HATCH & COMPANY, P.C.
Auditor EIN: 823736106
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$96,591

$54,193+78.2%

$93,669+3.1%

$77,714+24.3%

Participation rate

63.8%

63.9%-0.1pp

68.7%-4.9pp

70.6%-6.8pp

Annual return

11.91%

30.54%-18.6pp

133.59%-121.7pp

31.26%-19.3pp

Employer contribution / active EE

$1,149

$1,168-1.7%

$2,424-52.6%

$2,727-57.9%

Participant deferral / active EE

$5,769

$3,144+83.5%

$4,416+30.6%

$4,649+24.1%

Admin fee / account holder

$75

$576-86.9%

$8,291-99.1%

$433-82.6%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY3 years

Filed as: MORGAN STANLEY SMITH BARNEY LLC

Service code 55

Other Commissions

$83,219

CLIFTONLARSONALLEN LLP3 years

Filed as: CLIFTON LARSON ALLEN WEALTH ADVISOR

Service code 10

1301 W 22ND ST STE 1100 · OAK BROOK, IL 60523

Accounting

$15,750

THE ANGELL PENSION GROUP, INC.3 years

Filed as: THE ANGELL PENSION GROUP INC

Service code 13

88 BOYD AVENUE · EAST PROVIDENCE, RI 02914

Contract Administrator

$11,250

THE ANGELL PENSION GROUP, INC.10+ years

Service code 13

Contract Administrator

$10,617

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$6,147

MORGAN STANLEY SMITH BARNEY3 years

Service code 55 · EIN 26-4310844

Other Commissions

PEABODY MOTOR SPORTS, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PEABODY MOTOR SPORTS, 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