Retirement plan

FAIRWAY GOLF CAR CORPORATION 401(K) PLAN

Name: FAIRWAY GOLF CAR CORPORATION - FAIRWAY GOLF CAR CORPORATION 401(K) PLAN (2024) Form 5500
Creator: FAIRWAY GOLF CAR CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FAIRWAY GOLF CAR CORPORATION 401(K) PLAN, FAIRWAY GOLF CAR CORPORATION

FAIRWAY GOLF CAR CORPORATIONEIN 11-3580433Plan #001PY 2024

8 COMMERCIAL BLVD - MEDFORD, NY 117631523631-698-1400fairwaygolfcar.netLinkedIn1-10 employeesautomotive

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$3.7M

+19.1% from 2023

Total participants

103

-2.8% from 2023

Average account balance

$35,563

+22.6% from 2023

Annual return

11.17%

-5.75 pp from 2023

Benchmarks

See 3,317 peers

Peer group

Industry71 - Arts, Entertainment, and Recreation

Plan typeDefined contribution

Participants25-99

Cohort3,317 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.66M

Not enough data

1 years with asset history on file

Average account balance

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

$36K

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.

103

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.

153.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$254K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+11.17%

Not enough data

1 years with return on file

Admin fee / account holder

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

$170

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 codes2E2G2J2T3D3H

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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$18K

$262 / participant

Other / not subdivided$18K100.0%

% of EOY assets

0.479%

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

$35,563

$51,638-31.1%

$129,406-72.5%

$80,959-56.1%

Participation rate

100.0%

56.9%+43.1pp

69.6%+30.4pp

67.7%+32.3pp

Annual return

11.17%

20.78%-9.6pp

9468.18%-9457.0pp

35.67%-24.5pp

Employer contribution / active EE

$1,257

$1,584-20.6%

$4,155-69.7%

$2,757-54.4%

Participant deferral / active EE

$2,532

$2,670-5.2%

$4,167-39.3%

$4,300-41.1%

Admin fee / account holder

$170

$4,313-96.1%

$7,689-97.8%

$6,925-97.5%

FAIRWAY GOLF CAR CORPORATION 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FAIRWAY GOLF CAR CORPORATION 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