Retirement plan

THE HERB CHAMBERS COMPANIES SECTION 401(K) PROFIT SHARING PLAN

Name: JENNINGS ROAD MANAGEMENT CORP. - THE HERB CHAMBERS COMPANIES SECTION 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: JENNINGS ROAD MANAGEMENT CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE HERB CHAMBERS COMPANIES SECTION 401(K) PROFIT SHARING PLAN, JENNINGS ROAD MANAGEMENT CORP.

JENNINGS ROAD MANAGEMENT CORP.EIN 06-1169004Plan #002PY 2020

47 EASTERN BOULEVARD - GLASTONBURY, CT 06033860-652-0022LinkedIn11-50 employeesautomotive

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$107.5M

+11.3% from 2019

Total participants

1,885

+2.8% from 2019

Average account balance

$96,908

+22.6% from 2019

Annual return

14.08%

-8.63 pp from 2019

Benchmarks

See 348 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants1,000-4,999

Cohort348 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$149.49M

Not enough data

1 years with asset history on file

Average account balance

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

$125K

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.

1,196

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.

40.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$10.94M

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

+12.26%

Not enough data

1 years with return on file

Admin fee / account holder

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

$236

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 4 by compensation

Provider	Service type	Compensation
PRUDENTIAL RETIREMENT INSURANCE AND6+ years Service code 13 · EIN 06-1050034	Contract Administrator	$194,978
PENSION ASSURANCE LLP1 year Filed as: PENSION CNSULTATS,INC. Service code 10 · EIN 06-1504963	Accounting	$62,885
MMA SECURITIES LLC1 year Filed as: MMA SECURITIES L Service code 27 · EIN 22-3570392	Advisory (Plan)	$55,000
PRUDENTIAL RETIREMENT INSURANCE AND1 year Filed as: PRUDENTIAL INSURANCE COMPANY OF AME Service code 15	Recordkeeping	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3D3H2T3J

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)).
3J
U.S.-based Puerto Rico dual-qualified plan
U.S.-based plan that covers residents of Puerto Rico and is qualified under both Code section 401 and section 1165 of the Internal Revenue Code of Puerto Rico.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$317K

$191 / participant

Other / not subdivided$317K100.0%

% of EOY assets

0.295%

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: FEDERMAN, LALLY & REMIS, LLC
Auditor EIN: 061326802
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$96,908

$43,466+122.9%

$90,965+6.5%

$90,274+7.3%

Participation rate

53.4%

62.5%-9.1pp

69.0%-15.6pp

73.4%-20.0pp

Annual return

14.08%

25.26%-11.2pp

134.57%-120.5pp

53.97%-39.9pp

Employer contribution / active EE

$249

$840-70.3%

$2,122-88.3%

$2,523-90.1%

Participant deferral / active EE

$3,487

$2,138+63.1%

$3,373+3.4%

$4,231-17.6%

Admin fee / account holder

$286

$92+211.5%

$5,960-95.2%

$114+150.9%

Provider

Service type

Compensation

PRUDENTIAL RETIREMENT INSURANCE AND6+ years

Service code 13 · EIN 06-1050034

Contract Administrator

$194,978

PENSION ASSURANCE LLP1 year

Filed as: PENSION CNSULTATS,INC.

Service code 10 · EIN 06-1504963

Accounting

$62,885

MMA SECURITIES LLC1 year

Filed as: MMA SECURITIES L

Service code 27 · EIN 22-3570392

Advisory (Plan)

$55,000

PRUDENTIAL RETIREMENT INSURANCE AND1 year

Filed as: PRUDENTIAL INSURANCE COMPANY OF AME

Service code 15

Recordkeeping

THE HERB CHAMBERS COMPANIES SECTION 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE HERB CHAMBERS COMPANIES SECTION 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