Retirement plan

AUTO INVESTMENT, INC. 401(K) PLAN

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

AUTO INVESTMENT, INC.EIN 13-3446196Plan #004PY 2021

80 DRIVERS WAY - PELHAM, AL 35124205-271-2098LinkedIn1-10 employeesfinancial services

Prospect flagsLow returnsHigh feesRecently reached 100 employeesFailed to transmit contributions

How to read this page

Total assets (EOY)

$21.9M

+11.7% from 2020

Total participants

612

+14.8% from 2020

Average account balance

$37,175

-99.8% from 2020

Annual return

11.91%

-2.23 pp from 2020

Benchmarks

See 1,264 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort1,264 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$27.31M

Not enough data

1 years with asset history on file

Average account balance

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

$52K

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.

530

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.

94.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.60M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+11.96%

Not enough data

1 years with return on file

Admin fee / account holder

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

$402

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 7 by compensation

Provider	Service type	Compensation
LINCOLN NATIONAL CORPORATION3 years Filed as: LINCOLN FINANCIAL CORPORATION Service code 13 · EIN 35-0472300 P.O. BOX 7877 · FT. WAYNE, IN 46802	Contract Administrator	$148,520
STEVENS DOWD & COMPANY2 years Filed as: STEVENS DOWD & CO. Service code 15 · EIN 81-4671785 DBA BENEFIT PROFESSIONALS, INC. · JACKSON, MS 39232	Recordkeeping	$32,879
401K SAFE3 years Service code 31 · EIN 30-0753428 P.O. BOX 518 · ALBERTVILLE, AL 35950	Named fiduciary	$19,344
LBMC, PC1 year Service code 10 · EIN 62-1199757 P.O. BOX 1869 · BRENTWOOD, TN 37024	Accounting	$12,200
401K SAFE1 year Filed as: 401K SAFE, LLC Service code 31 · EIN 83-0824803 P.O. BOX 518 · ALBERTVILLE, AL 35950	Named fiduciary	$4,545
BENEFIT PROFESSIONALS, INC.1 year Service code 15 · EIN 90-1118690 629 EAST LAKELAND DRIVE, SUITE A · JACKSON, MS 39232	Recordkeeping	$2,174
INTERWEB INSURANCE1 year Service code 23 · EIN 46-5525332 94 ACOMA BLVD. S, SUITE 200 · LAKE HAVASU CITY, AZ 86403	Insurance services	$550

Plan features & details

Pension benefit codes2E2F2G2K2S2T3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

4 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$213K

$630 / participant

Other / not subdivided$213K100.0%

% of EOY assets

0.975%

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: LBMC, PC
Auditor EIN: 621199757
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$37,175

$50,956-27.0%

$96,570-61.5%

$86,821-57.2%

Participation rate

92.9%

65.2%+27.7pp

69.8%+23.1pp

72.3%+20.6pp

Annual return

11.91%

21.27%-9.4pp

37.79%-25.9pp

97.94%-86.0pp

Employer contribution / active EE

$2,542

$1,111+128.8%

$2,357+7.8%

$2,406+5.6%

Participant deferral / active EE

$5,322

$2,954+80.2%

$3,849+38.3%

$4,132+28.8%

Admin fee / account holder

$362

$166+118.3%

$6,182-94.1%

$170+113.7%

Provider

Service type

Compensation

LINCOLN NATIONAL CORPORATION3 years

Filed as: LINCOLN FINANCIAL CORPORATION

Service code 13 · EIN 35-0472300

P.O. BOX 7877 · FT. WAYNE, IN 46802

Contract Administrator

$148,520

STEVENS DOWD & COMPANY2 years

Filed as: STEVENS DOWD & CO.

Service code 15 · EIN 81-4671785

DBA BENEFIT PROFESSIONALS, INC. · JACKSON, MS 39232

Recordkeeping

$32,879

401K SAFE3 years

Service code 31 · EIN 30-0753428

P.O. BOX 518 · ALBERTVILLE, AL 35950

Named fiduciary

$19,344

LBMC, PC1 year

Service code 10 · EIN 62-1199757

P.O. BOX 1869 · BRENTWOOD, TN 37024

Accounting

$12,200

401K SAFE1 year

Filed as: 401K SAFE, LLC

Service code 31 · EIN 83-0824803

P.O. BOX 518 · ALBERTVILLE, AL 35950

Named fiduciary

$4,545

BENEFIT PROFESSIONALS, INC.1 year

Service code 15 · EIN 90-1118690

629 EAST LAKELAND DRIVE, SUITE A · JACKSON, MS 39232

Recordkeeping

$2,174

INTERWEB INSURANCE1 year

Service code 23 · EIN 46-5525332

94 ACOMA BLVD. S, SUITE 200 · LAKE HAVASU CITY, AZ 86403

Insurance services

$550

AUTO INVESTMENT, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AUTO INVESTMENT, 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