Retirement plan

MITCHELL AUTO GROUP, INC. 401(K) PLAN

Name: MITCHELL AUTO GROUP, INC. - MITCHELL AUTO GROUP, INC. 401(K) PLAN (2015) Form 5500
Creator: MITCHELL AUTO GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MITCHELL AUTO GROUP, INC. 401(K) PLAN, MITCHELL AUTO GROUP, INC.

MITCHELL AUTO GROUP, INC.EIN 06-0582770Plan #001PY 2015

384 HOPMEADOW STREET - SIMSBURY, CT 06070860-490-6226LinkedIn1-10 employeesindividual & family services

Prospect flagsLow employer contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$7.9M

No prior year

Total participants

239

No prior year

Average account balance

$35,047

No prior year

Annual return

10.56%

No prior year

Benchmarks

See 2,153 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,153 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$15.26M

Not enough data

1 years with asset history on file

Average account balance

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

$47K

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.

328

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.

94.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.02M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+12.74%

Not enough data

1 years with return on file

Admin fee / account holder

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

$212

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 3 by compensation

Provider	Service type	Compensation
FUTURE BENEFITS1+ years Service code 27 1781 HIGHLAND AVENUE STE 205 · CHESHIRE, CT 06410	Advisory (Plan)	$15,364
GREAT-WEST LIFE & ANNUITY INSURANCE1+ years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$2,730
PASI, LLC1+ years Service code 13 231 FARMINGTON AVE · FARMINGTON, CT 06032	Contract Administrator	$1,239

Plan features & details

Pension benefit codes2E2F2G2J2K2S3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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 employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$19K

$81 / participant

Contract admin$19K100.0%

% of EOY assets

0.245%

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: BLUM SHAPIRO
Auditor EIN: 061009205
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$35,047

$39,245-10.7%

$64,105-45.3%

$52,331-33.0%

Participation rate

94.1%

58.2%+35.9pp

68.2%+26.0pp

68.1%+26.0pp

Annual return

10.56%

14.79%-4.2pp

791.24%-780.7pp

4.54%+6.0pp

Employer contribution / active EE

$167

$736-77.3%

$1,820-90.8%

$1,882-91.1%

Participant deferral / active EE

$1,531

$1,992-23.2%

$2,822-45.8%

$3,022-49.4%

Admin fee / account holder

$86

$592-85.5%

$4,499-98.1%

$592-85.5%

Provider

Service type

Compensation

FUTURE BENEFITS1+ years

Service code 27

1781 HIGHLAND AVENUE STE 205 · CHESHIRE, CT 06410

Advisory (Plan)

$15,364

GREAT-WEST LIFE & ANNUITY INSURANCE1+ years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$2,730

PASI, LLC1+ years

Service code 13

231 FARMINGTON AVE · FARMINGTON, CT 06032

Contract Administrator

$1,239

MITCHELL AUTO GROUP, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MITCHELL AUTO GROUP, 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