Retirement plan

LOEHMANN-BLASIUS CHEVROLET, INC. 401(K) PLAN

Name: LOEHMANN-BLASIUS CHEVROLET, INC. - LOEHMANN-BLASIUS CHEVROLET, INC. 401(K) PLAN (2022) Form 5500
Creator: LOEHMANN-BLASIUS CHEVROLET, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LOEHMANN-BLASIUS CHEVROLET, INC. 401(K) PLAN, LOEHMANN-BLASIUS CHEVROLET, INC.

LOEHMANN-BLASIUS CHEVROLET, INC.EIN 06-0430730Plan #002PY 2022

90 SCOTT ROAD, PO BOX 2510 - WATERBURY, CT 067232510203-437-9294blasiuschevycadillac.comLinkedIn51-200 employeesretail

Other plans on this EIN

1 filing

#003Retirement-$3.8M assets

Prospect flagsHigh feesLow participationFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$3.9M

-21.7% from 2021

Total participants

183

+51.2% from 2021

Average account balance

$71,148

-24.6% from 2021

Annual return

-17.07%

-26.79 pp from 2021

Benchmarks

See 2,205 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,205 peers

Snapshot2022

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$4.91M

Not enough data

1 years with asset history on file

Average account balance

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

$94K

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.

30.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$348K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+15.95%

Not enough data

1 years with return on file

Admin fee / account holder

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

$18614

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

See the 10-year trajectory. $4.99 for your first month.

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY1 year Filed as: PRINCIPAL FINANCIAL SERVICES Service code 14 · EIN 42-0127290 011 HIGH ST · DES MOINES, IA 50309	Plan Administrator	$11,807
BEIRNE WEALTH CONSULTING SERVICES1 year Filed as: BEIRNE WEALTH CONSULTING SERVICESBE Service code 51 · EIN 37-1707957 3 ENTERPRISE DRIVE, SUITE 410 · SHELTON, CT 06484	Investment Mgmt Fees	$9,146
NORTH AMERICAN KTRADE ALLIANCE, LLC1 year Service code 15 · EIN 32-0169227 1500 NORTH OAK DRIVE, SUITE B · PLYMOUTH, IN 46563	Recordkeeping	$4,252
PENSION ASSURANCE LLP1 year Filed as: THE PENSION SERVICE, INC. Service code 14 · EIN 06-0874395 127 WASHINGTON AVE., WEST WING · NORTH HAVEN, CT 06473	Plan Administrator	$4,243
FIDELITY INVESTMENTS INSTITUTIONAL1 year Filed as: FIDELITY PERSONAL TRUST COMPANY,FSB Service code 17 · EIN 04-3523567 2710 CENTERVILLE RD., STE 203 · WILMINGTON, DE 19808	Pension Consulting	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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.
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

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.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$29K

$171 / participant

Investment mgmt$29K100.0%

% of EOY assets

0.753%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$71,148

$49,451+43.9%

$79,550-10.6%

$66,914+6.3%

Participation rate

25.6%

61.3%-35.8pp

69.5%-43.9pp

69.8%-44.2pp

Annual return

-17.07%

84.25%-101.3pp

0.16%-17.2pp

1.58%-18.6pp

Employer contribution / active EE

$500

$1,266-60.5%

$2,413-79.3%

$2,544-80.4%

Participant deferral / active EE

$1,862

$3,159-41.0%

$3,985-53.3%

$4,237-56.0%

Admin fee / account holder

$535

$595-10.0%

$6,832-92.2%

$593-9.7%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY1 year

Filed as: PRINCIPAL FINANCIAL SERVICES

Service code 14 · EIN 42-0127290

011 HIGH ST · DES MOINES, IA 50309

Plan Administrator

$11,807

BEIRNE WEALTH CONSULTING SERVICES1 year

Filed as: BEIRNE WEALTH CONSULTING SERVICESBE

Service code 51 · EIN 37-1707957

3 ENTERPRISE DRIVE, SUITE 410 · SHELTON, CT 06484

Investment Mgmt Fees

$9,146

NORTH AMERICAN KTRADE ALLIANCE, LLC1 year

Service code 15 · EIN 32-0169227

1500 NORTH OAK DRIVE, SUITE B · PLYMOUTH, IN 46563

Recordkeeping

$4,252

PENSION ASSURANCE LLP1 year

Filed as: THE PENSION SERVICE, INC.

Service code 14 · EIN 06-0874395

127 WASHINGTON AVE., WEST WING · NORTH HAVEN, CT 06473

Plan Administrator

$4,243

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Filed as: FIDELITY PERSONAL TRUST COMPANY,FSB

Service code 17 · EIN 04-3523567

2710 CENTERVILLE RD., STE 203 · WILMINGTON, DE 19808

Pension Consulting

LOEHMANN-BLASIUS CHEVROLET, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LOEHMANN-BLASIUS CHEVROLET, INC. 401(K) 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