Retirement plan

WARREN TIRE SERVICE CENTER, INC. PROFIT SHARING 401(K) PLAN

Name: WARREN TIRE SERVICE CENTER, INC. - WARREN TIRE SERVICE CENTER, INC. PROFIT SHARING 401(K) PLAN (2024) Form 5500
Creator: WARREN TIRE SERVICE CENTER, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WARREN TIRE SERVICE CENTER, INC. PROFIT SHARING 401(K) PLAN, WARREN TIRE SERVICE CENTER, INC.

WARREN TIRE SERVICE CENTER, INC.EIN 14-1641544Plan #001PY 2024

4 HIGHLAND AVE - QUEENSBURY, NY 12804518-792-0316warrentiresvc.comLinkedIn51-200 employeesautomotive

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$7.5M

+11.5% from 2023

Total participants

128

-0.8% from 2023

Average account balance

$65,608

+10.5% from 2023

Annual return

14.91%

-1.41 pp from 2023

Benchmarks

See 2,063 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort2,063 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.54M

Not enough data

1 years with asset history on file

Average account balance

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

$66K

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.

115

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.

88.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$536K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+14.91%

Not enough data

1 years with return on file

Admin fee / account holder

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

$336

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 1 by compensation

Provider	Service type	Compensation
GLENS FALLS NATIONAL BANK AND TRUST4 years Service code 15 · EIN 14-0696635	Recordkeeping	$54,015

Plan features & details

Pension benefit codes2E2J2K2S3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$39K

$351 / participant

Investment mgmt$35K90.3%
Contract admin$4K9.7%

% of EOY assets

0.512%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WHITTEMORE DOWEN & RICCIARDELLI LLP
Auditor EIN: 820548504
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$65,608

$60,261+8.9%

$81,783-19.8%

$74,546-12.0%

Participation rate

88.2%

62.9%+25.3pp

72.4%+15.8pp

67.2%+21.0pp

Annual return

14.91%

16.88%-2.0pp

775.05%-760.1pp

1366.03%-1351.1pp

Employer contribution / active EE

$868

$2,622-66.9%

$2,913-70.2%

$2,624-66.9%

Participant deferral / active EE

$4,007

$3,388+18.3%

$4,320-7.2%

$4,347-7.8%

Admin fee / account holder

$336

$1,482-77.4%

$7,380-95.5%

$1,944-82.7%

Provider

Service type

Compensation

GLENS FALLS NATIONAL BANK AND TRUST4 years

Service code 15 · EIN 14-0696635

Recordkeeping

$54,015

WARREN TIRE SERVICE CENTER, INC. PROFIT SHARING 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WARREN TIRE SERVICE CENTER, INC. PROFIT SHARING 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