Retirement plan

S. CAMEROTA & SONS, INC. 401(K) PROFIT SHARING PLAN

Name: S. CAMEROTA & SONS, INC. - S. CAMEROTA & SONS, INC. 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: S. CAMEROTA & SONS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, S. CAMEROTA & SONS, INC. 401(K) PROFIT SHARING PLAN, S. CAMEROTA & SONS, INC.

S. CAMEROTA & SONS, INC.EIN 06-0848975Plan #001PY 2024

245 SHAKER ROAD - ENFIELD, CT 060831134860-763-0896LinkedIn201-500 employeesautomotive

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$15.1M

+7.2% from 2023

Total participants

169

-12.0% from 2023

Average account balance

$137,218

+9.2% from 2023

Annual return

13.53%

-0.69 pp from 2023

Benchmarks

See 2,063 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort2,063 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$15.09M

Not enough data

1 years with asset history on file

Average account balance

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

$137K

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.

110

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.

64.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$703K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+13.53%

Not enough data

1 years with return on file

Admin fee / account holder

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

$36

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
JANNEY MONTGOMERY SCOTT LLC8 years Filed as: JANNEY MONTGOMERY SCOTT, LLC Service code 55 1717 ARCH STREET · PHILIDELPHIA, PA 19103	Other Commissions	$60,302
PASI, LLC10+ years Service code 13 10 TALCOTT NOTCH ROAD · FARMINGTON, CT 06032	Contract Administrator	$9,530
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.

Opportunity flags

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$4K

$24 / participant

Recordkeeping$4K100.0%

% of EOY assets

0.027%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: FIONDELLA, MILONE & LASARACINA, LLP
Auditor EIN: 061648707
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$137,218

$60,261+127.7%

$81,783+67.8%

$74,546+84.1%

Participation rate

64.9%

62.9%+2.0pp

72.4%-7.5pp

67.2%-2.3pp

Annual return

13.53%

16.88%-3.4pp

775.05%-761.5pp

1366.03%-1352.5pp

Employer contribution / active EE

$815

$2,622-68.9%

$2,913-72.0%

$2,624-68.9%

Participant deferral / active EE

$3,369

$3,388-0.6%

$4,320-22.0%

$4,347-22.5%

Admin fee / account holder

$36

$1,482-97.5%

$7,380-99.5%

$1,944-98.1%

Provider

Service type

Compensation

JANNEY MONTGOMERY SCOTT LLC8 years

Filed as: JANNEY MONTGOMERY SCOTT, LLC

Service code 55

1717 ARCH STREET · PHILIDELPHIA, PA 19103

Other Commissions

$60,302

PASI, LLC10+ years

Service code 13

10 TALCOTT NOTCH ROAD · FARMINGTON, CT 06032

Contract Administrator

$9,530

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

S. CAMEROTA & SONS, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

S. CAMEROTA & SONS, INC. 401(K) 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