Retirement plan

SECOR AUTO CENTER INC 401K PROFIT SHARING PLAN TRUST

Name: SECOR AUTO CENTER INC - SECOR AUTO CENTER INC 401K PROFIT SHARING PLAN TRUST (2016) Form 5500
Creator: SECOR AUTO CENTER INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SECOR AUTO CENTER INC 401K PROFIT SHARING PLAN TRUST, SECOR AUTO CENTER INC

SECOR AUTO CENTER INCEIN 06-0813146Plan #001PY 2016

575 BROAD STREET - NEW LONDON, CT 06320860-442-3232

Prospect flagsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$2.5M

+3.5% from 2015

Total participants

114

+4.6% from 2015

Average account balance

$31,141

+3.5% from 2015

Annual return

7.53%

+11.06 pp from 2015

Benchmarks

See 134 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Cohort134 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.69M

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.

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.

105.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$122K

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

+14.74%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4933

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

Top 3 by compensation

Provider	Service type	Compensation
ADP BROKER-DEALER2+ years Filed as: ADP, LLC Service code 15 · EIN 13-3036745	Recordkeeping	$700
ADP BROKER-DEALER2+ years Service code 59 · EIN 22-3319984	Shareholder Servicing	$0
VOYA RETIREMENT INSURANCE & ANNUITY1 year Filed as: VOYA FINANCIAL ADVISORS Service code 49 516 VAUXHALL STREET, · NEW LONDON, CT 06320	Other Services	$0

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$700

$7 / participant

Other / not subdivided$700100.0%

% of EOY assets

0.028%

all-in expense ratio

Categories reported

0 / 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: O'CONNOR & DREW
Auditor EIN: 043000523
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$31,141

$64,739-51.9%

$71,796-56.6%

Participation rate

64.6%

64.9%-0.2pp

69.1%-4.5pp

Annual return

7.53%

2.75%+4.8pp

78.04%-70.5pp

Employer contribution / active EE

$927-100.0%

$1,924-100.0%

Participant deferral / active EE

$1,812

$1,955-7.3%

$2,794-35.1%

Admin fee / account holder

$2,577-99.7%

$4,815-99.8%

Provider

Service type

Compensation

ADP BROKER-DEALER2+ years

Filed as: ADP, LLC

Service code 15 · EIN 13-3036745

Recordkeeping

$700

ADP BROKER-DEALER2+ years

Service code 59 · EIN 22-3319984

Shareholder Servicing

VOYA RETIREMENT INSURANCE & ANNUITY1 year

Filed as: VOYA FINANCIAL ADVISORS

Service code 49

516 VAUXHALL STREET, · NEW LONDON, CT 06320

Other Services

SECOR AUTO CENTER INC 401K PROFIT SHARING PLAN TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SECOR AUTO CENTER INC 401K PROFIT SHARING PLAN TRUST

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