Retirement plan

QUEENSBORO TOYOTA 401(K) PLAN

Name: LOUZOUN ENTERPRISES INC. - QUEENSBORO TOYOTA 401(K) PLAN (2021) Form 5500
Creator: LOUZOUN ENTERPRISES INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, QUEENSBORO TOYOTA 401(K) PLAN, LOUZOUN ENTERPRISES INC.

LOUZOUN ENTERPRISES INC.dba QUEENSBORO TOYOTAEIN 11-1978057Plan #003PY 2021

62-10 NORTHERN BLVD - WOODSIDE, NY 11377718-335-8600

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$2.8M

+18.1% from 2020

Total participants

+8.0% from 2020

Average account balance

$34,028

+9.3% from 2020

Annual return

11.23%

+5.21 pp from 2020

Benchmarks

See 9,332 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort9,332 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.87M

Not enough data

1 years with asset history on file

Average account balance

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

$33K

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.

119

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.

185.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$371K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+5.96%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2491

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2G2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$179K

$3653 / participant

Other / not subdivided$179K100.0%

% of EOY assets

6.495%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$34,028

$70,418-51.7%

$96,570-64.8%

$85,847-60.4%

Participation rate

100.0%

61.8%+38.2pp

69.8%+30.2pp

69.3%+30.7pp

Annual return

11.23%

18.59%-7.4pp

37.79%-26.6pp

318.61%-307.4pp

Employer contribution / active EE

$3,280

$1,413+132.1%

$2,357+39.1%

$2,565+27.9%

Participant deferral / active EE

$3,636

$2,894+25.6%

$3,849-5.5%

$3,952-8.0%

Admin fee / account holder

$2,210

$4,995-55.8%

$6,182-64.3%

$6,261-64.7%

QUEENSBORO TOYOTA 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

QUEENSBORO TOYOTA 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