Retirement plan

SECURITY AUTO SALES, INC. 401(K) PLAN

Name: SECURITY AUTO SALES, INC. - SECURITY AUTO SALES, INC. 401(K) PLAN (2020) 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 2020

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

Other plans on this EIN

1 filing

#002Retirement-$296K assets

Prospect flagsLow participationLow employer contribution

How to read this page

Total assets (EOY)

$2.8M

+19.3% from 2019

Total participants

169

+6.3% from 2019

Average account balance

$32,667

+13.8% from 2019

Annual return

13.74%

-2.26 pp from 2019

Benchmarks

See 2,198 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,198 peers

Snapshot2020

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.3 years Service code 13 175 BROADHOLLOW ROAD · MELVILLE, NY 117474911	Contract Administrator	$950
AMERICAN FUNDS3 years Filed as: CAPITAL RESEARCH AND MANAGEMENT Service code 64 COMPANY, INC. · IRVINE, CA 92618	Recordkeeping Fees	$725

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

$2K

$11 / participant

Other / not subdivided$2K100.0%

% of EOY assets

0.057%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$32,667

$54,573-40.1%

$90,965-64.1%

$73,493-55.6%

Participation rate

43.8%

61.2%-17.3pp

69.0%-25.2pp

70.7%-26.8pp

Annual return

13.74%

16.69%-2.9pp

134.57%-120.8pp

28.51%-14.8pp

Employer contribution / active EE

$991-100.0%

$2,122-100.0%

$2,270-100.0%

Participant deferral / active EE

$2,380

$2,517-5.5%

$3,373-29.4%

$3,740-36.4%

Admin fee / account holder

$19

$521-96.4%

$5,960-99.7%

$513-96.4%

Provider

Service type

Compensation

UNITED BENEFIT PENSIONS INC.3 years

Service code 13

175 BROADHOLLOW ROAD · MELVILLE, NY 117474911

Contract Administrator

$950

AMERICAN FUNDS3 years

Filed as: CAPITAL RESEARCH AND MANAGEMENT

Service code 64

COMPANY, INC. · IRVINE, CA 92618

Recordkeeping Fees

$725

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