Retirement plan

SS AFFILIATES, LLC CASH BALANCE PENSION PLAN

Name: SHERRY STREET AUTO SALES, INC. - SS AFFILIATES, LLC CASH BALANCE PENSION PLAN (2023) Form 5500
Creator: SHERRY STREET AUTO SALES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SS AFFILIATES, LLC CASH BALANCE PENSION PLAN, SHERRY STREET AUTO SALES, INC.

SHERRY STREET AUTO SALES, INC.EIN 05-0429044Plan #002PY 2023

24 RICE STREET - ATTLEBORO, MA 027030000508-761-4777

Other plans on this EIN

1 filing

#001Retirement-$226K assets

Prospect flagsLow participant contribution

How to read this page

Total assets (EOY)

$805K

No prior year

Total participants

No prior year

Average account balance

No prior year

Annual return

6.26%

No prior year

Benchmarks

See 109 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined benefit

Participants25-99

Cohort109 peers

Snapshot2023

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

Analytics

Less than 3 years of history available for this plan

We'll show a chart here once at least 3 consecutive filings are on record.

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.

Enrolled actuary

1 attachment

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

Plan features & details

Pension benefit codes1C3D3H

Plan features

1C
Cash balance or similar plan
A cash balance formula in a defined benefit plan that expresses the accrued benefit in terms more common to a defined contribution plan such as a hypothetical account balance or single sum amount (includes personal account plan pension equity plan life cycle plan and cash account plan).
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 participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

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

$23,320-100.0%

$202,297-100.0%

$282,865-100.0%

Participation rate

0.0%

66.7%-66.7pp

52.5%-52.5pp

12.4%-12.4pp

Annual return

6.26%

9.79%-3.5pp

14.20%-7.9pp

9.89%-3.6pp

Employer contribution / active EE

$9,055

$8,252+9.7%

$29,473-69.3%

$14,313-36.7%

Participant deferral / active EE

$125-100.0%

$71-100.0%

Admin fee / account holder

$135-100.0%

$7,524-100.0%

$9,084-100.0%

SS AFFILIATES, LLC CASH BALANCE PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Plan features & details

Opportunity flagsi

Audit opinioni

SS AFFILIATES, LLC CASH BALANCE PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion