Retirement plan

CRANSTON COLLISION CENTER, INC. 401K PROFIT SHARING PLAN

Name: CRANSTON COLLISION CENTER, INC. - CRANSTON COLLISION CENTER, INC. 401K PROFIT SHARING PLAN (2020) Form 5500
Creator: CRANSTON COLLISION CENTER, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CRANSTON COLLISION CENTER, INC. 401K PROFIT SHARING PLAN, CRANSTON COLLISION CENTER, INC.

CRANSTON COLLISION CENTER, INC.EIN 05-0426133Plan #002PY 2020

30 WALNUT GROVE AVE - CRANSTON, RI 029205321401-223-1111cranstoncollision.comLinkedIn11-50 employeesautomotive

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$3.5M

+52.8% from 2019

Total participants

+10.5% from 2019

Average account balance

$220,466

+81.4% from 2019

Annual return

49.79%

+27.16 pp from 2019

Benchmarks

See 36,192 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort36,192 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.74M

Not enough data

1 years with asset history on file

Average account balance

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

$316K

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.

62.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$146K

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

+11.63%

Not enough data

1 years with return on file

Admin fee / account holder

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

$364

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G

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.

Opportunity flags

1 tripped

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$790

$40 / participant

Other / not subdivided$790100.0%

% of EOY assets

0.022%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$220,466

$100,938+118.4%

$90,461+143.7%

$158,982+38.7%

Participation rate

75.0%

75.0%0pp

72.7%+2.3pp

82.0%-7.0pp

Annual return

49.79%

1727.20%-1677.4pp

1294.76%-1245.0pp

302.99%-253.2pp

Employer contribution / active EE

$1,179

$3,691-68.1%

$3,264-63.9%

$4,763-75.2%

Participant deferral / active EE

$2,270

$4,350-47.8%

$3,964-42.7%

$5,983-62.1%

Admin fee / account holder

$49

$6,510-99.2%

$5,617-99.1%

$11,252-99.6%

CRANSTON COLLISION CENTER, INC. 401K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CRANSTON COLLISION CENTER, 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