Retirement plan

SECURITY AUTO SALES, INC. UNION EMPLOYEES RETIREMENT PLAN

Name: SECURITY AUTO SALES, INC. - SECURITY AUTO SALES, INC. UNION EMPLOYEES RETIREMENT 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. UNION EMPLOYEES RETIREMENT PLAN, SECURITY AUTO SALES, INC.

SECURITY AUTO SALES, INC.EIN 11-2195245Plan #002PY 2018

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

Other plans on this EIN

1 filing

#001Retirement-$2.1M assets

Prospect flagsLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$228K

+4.7% from 2017

Total participants

+11.6% from 2017

Average account balance

$5,300

-9.9% from 2017

Annual return

-5.07%

-15.89 pp from 2017

Benchmarks

See 9,413 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort9,413 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$432K

Not enough data

1 years with asset history on file

Average account balance

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

$8K

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.

126.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$19K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$445

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

+14.06%

Not enough data

1 years with return on file

Admin fee / account holder

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

$52

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 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 participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

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

$5,300

$50,947-89.6%

$74,551-92.9%

$64,173-91.7%

Participation rate

86.5%

61.1%+25.4pp

69.1%+17.3pp

69.6%+16.9pp

Annual return

-5.07%

-1.85%-3.2pp

32.53%-37.6pp

7.63%-12.7pp

Employer contribution / active EE

$573

$1,115-48.6%

$1,961-70.8%

$2,381-75.9%

Participant deferral / active EE

$2,302-100.0%

$3,108-100.0%

$3,470-100.0%

Admin fee / account holder

$4,221-100.0%

$5,059-100.0%

$4,887-100.0%

SECURITY AUTO SALES, INC. UNION EMPLOYEES RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

SECURITY AUTO SALES, INC. UNION EMPLOYEES RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion