Retirement plan

SECURITY AUTO SALES, INC. 401(K) PLAN

Name: SECURITY AUTO SALES, INC. - SECURITY AUTO SALES, INC. 401(K) PLAN (2018) Form 5500
Creator: SECURITY AUTO SALES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SECURITY AUTO SALES, INC. 401(K) PLAN, SECURITY AUTO SALES, INC.

SECURITY AUTO SALES, INC.EIN 11-2195245Plan #001PY 2018

345 MERRICK ROAD - AMITYVILLE, NY 11701631-691-9331LinkedIn51-200 employeesretail

Other plans on this EIN

1 filing

#002Retirement-$228K assets

Prospect flagsLow participationLow employer contribution

How to read this page

Total assets (EOY)

$2.1M

+10.4% from 2017

Total participants

153

+20.5% from 2017

Average account balance

$27,773

+4.7% from 2017

Annual return

-5.04%

-21.11 pp from 2017

Benchmarks

See 2,219 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,219 peers

Snapshot2018

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)

$49K

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.

53.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$317K

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

+10.44%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5931

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 2 by compensation

Provider	Service type	Compensation
UNITED BENEFIT PENSIONS INC.1 year Service code 13 175 BROADHOLLOW ROAD · MELVILLE, NY 117474911	Contract Administrator	$1,200
AMERICAN FUNDS1 year Filed as: CAPITAL RESEARCH AND MANAGEMENT Service code 64 COMPANY, INC. · LOS ANGELES, CA 90071	Recordkeeping Fees	$700

Plan features & details

Pension benefit codes2E2G2J2T3D

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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$3K

$20 / participant

Other / not subdivided$3K100.0%

% of EOY assets

0.125%

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: CARON & BLETZER, PLLC
Auditor EIN: 043499945
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$27,773

$42,548-34.7%

$74,549-62.7%

$56,287-50.7%

Participation rate

44.1%

60.5%-16.4pp

69.1%-25.0pp

69.9%-25.7pp

Annual return

-5.04%

12.40%-17.4pp

32.53%-37.6pp

-9.96%+4.9pp

Employer contribution / active EE

$855-100.0%

$1,961-100.0%

$2,111-100.0%

Participant deferral / active EE

$2,376

$2,277+4.3%

$3,108-23.6%

$3,350-29.1%

Admin fee / account holder

$35

$467-92.6%

$5,059-99.3%

$521-93.4%

Provider

Service type

Compensation

UNITED BENEFIT PENSIONS INC.1 year

Service code 13

175 BROADHOLLOW ROAD · MELVILLE, NY 117474911

Contract Administrator

$1,200

AMERICAN FUNDS1 year

Filed as: CAPITAL RESEARCH AND MANAGEMENT

Service code 64

COMPANY, INC. · LOS ANGELES, CA 90071

Recordkeeping Fees

$700

SECURITY AUTO SALES, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SECURITY AUTO SALES, INC. 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