Retirement plan

SOUTHERN AUTO SALES, INC. MASTER PROFIT SHARING PLAN

Name: SOUTHERN AUTO SALES, INC. - SOUTHERN AUTO SALES, INC. MASTER PROFIT SHARING PLAN (2017) Form 5500
Creator: SOUTHERN AUTO SALES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SOUTHERN AUTO SALES, INC. MASTER PROFIT SHARING PLAN, SOUTHERN AUTO SALES, INC.

SOUTHERN AUTO SALES, INC.EIN 06-0705740Plan #001PY 2017

PO BOX 388 - EAST WINDSOR, CT 06088860-292-7500

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$27.5M

+16.1% from 2016

Total participants

321

-1.5% from 2016

Average account balance

$112,582

+13.8% from 2016

Annual return

13.63%

+7.63 pp from 2016

Benchmarks

See 1,218 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort1,218 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$32.70M

Not enough data

1 years with asset history on file

Average account balance

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

$154K

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.

212

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.

77.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.24M

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

+10.70%

Not enough data

1 years with return on file

Admin fee / account holder

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

$654

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

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Service providers

Top 6 by compensation

Provider	Service type	Compensation
UBS FINANCIAL SERVICES INC3+ years Filed as: UBS Service code 28 · EIN 13-2638166	Investment Management	$42,050
OLSON MOBECK AND ASSOCIATES3+ years Service code 28 · EIN 06-0946927	Investment Management	$30,504
BOBROW & COMPANY3+ years Service code 10 · EIN 06-1357224	Accounting	$25,000
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Filed as: MML INVESTORS SERVICES, LLC Service code 71 · EIN 04-2746212	Brokerage Fees	$21,558
ADP BROKER-DEALER3+ years Filed as: PENSION CONSULTANTS, INC. Service code 15 · EIN 06-1504963	Recordkeeping	$12,410
JAMES A. REICHERT1 year Filed as: JAMES MARLOR Service code 56 65 LASALLE ROAD · WEST HARTFORD, CT 06107	Non-monetary compensation	$1,132

Plan features & details

Pension benefit codes2E2F2H2J2K2T3D3F

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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$111K

$427 / participant

Investment mgmt$73K65.4%
Contract admin$6200.6%
Other / not subdivided$38K34.0%

% of EOY assets

0.404%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BOBROW & CO., PC
Auditor EIN: 061357224
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$112,582

$48,064+134.2%

$78,778+42.9%

$69,631+61.7%

Participation rate

70.4%

61.6%+8.8pp

69.2%+1.2pp

70.7%-0.3pp

Annual return

13.63%

21.81%-8.2pp

35.62%-22.0pp

27571.02%-27557.4pp

Employer contribution / active EE

$2,368

$744+218.4%

$1,986+19.2%

$2,032+16.5%

Participant deferral / active EE

$2,534

$2,079+21.9%

$2,958-14.3%

$3,224-21.4%

Admin fee / account holder

$455

$152+199.2%

$5,134-91.1%

$110+311.7%

Provider

Service type

Compensation

UBS FINANCIAL SERVICES INC3+ years

Filed as: UBS

Service code 28 · EIN 13-2638166

Investment Management

$42,050

OLSON MOBECK AND ASSOCIATES3+ years

Service code 28 · EIN 06-0946927

Investment Management

$30,504

BOBROW & COMPANY3+ years

Service code 10 · EIN 06-1357224

Accounting

$25,000

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Filed as: MML INVESTORS SERVICES, LLC

Service code 71 · EIN 04-2746212

Brokerage Fees

$21,558

ADP BROKER-DEALER3+ years

Filed as: PENSION CONSULTANTS, INC.

Service code 15 · EIN 06-1504963

Recordkeeping

$12,410

JAMES A. REICHERT1 year

Filed as: JAMES MARLOR

Service code 56

65 LASALLE ROAD · WEST HARTFORD, CT 06107

Non-monetary compensation

$1,132

SOUTHERN AUTO SALES, INC. MASTER PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SOUTHERN AUTO SALES, INC. MASTER 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