Retirement plan

SHULTS AUTO GROUP 401(K) PLAN

Name: ED SHULTS CHEVROLET, INC. - SHULTS AUTO GROUP 401(K) PLAN (2024) Form 5500
Creator: ED SHULTS CHEVROLET, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SHULTS AUTO GROUP 401(K) PLAN, ED SHULTS CHEVROLET, INC.

ED SHULTS CHEVROLET, INC.EIN 16-1169076Plan #002PY 2024

300 FLUVANNA AVENUE - JAMESTOWN, NY 14701716-484-7151shultschevy.comLinkedIn51-200 employeesretail

Prospect flagsFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$6.4M

+19.6% from 2023

Total participants

204

-5.1% from 2023

Average account balance

$40,732

+19.6% from 2023

Annual return

14.19%

-4.46 pp from 2023

Benchmarks

See 2,310 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,310 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.35M

Not enough data

1 years with asset history on file

Average account balance

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

$41K

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.

156

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.

70.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$576K

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

+14.19%

Not enough data

1 years with return on file

Admin fee / account holder

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

$30

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 4 by compensation

Provider	Service type	Compensation
LINCOLN NATIONAL CORPORATION5 years Filed as: LINCOLN INVESTMENT PLANNING Service code 33 601 OFFICE CENTER DR STE 300 · FORT WASHINGTON, PA 19034	Securities brokerage	$41,763
NATIONWIDE8+ years Service code 13 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Contract Administrator	$22,028
PENSION ASSURANCE LLP1 year Filed as: THE PENSION SERVICE INC. Service code 15	Recordkeeping	$11,496
PENSION ASSURANCE LLP8+ years Filed as: THE PENSION SERVICE, INC. Service code 15 616 N. FRENCH RD. · AMHERST, NY 14228	Recordkeeping	$5,145

Plan features & details

Pension benefit codes2E2F2G2J2K2X3D3H

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.
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.
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

2 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$5K

$29 / participant

Other / not subdivided$5K100.0%

% of EOY assets

0.075%

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: BUFFAMANTE WHIPPLE BUTTAFARO P.C.
Auditor EIN: 161117932
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$40,732

$59,448-31.5%

$93,696-56.5%

$74,459-45.3%

Participation rate

70.6%

59.6%+10.9pp

68.7%+1.8pp

67.2%+3.3pp

Annual return

14.19%

82.11%-67.9pp

133.74%-119.6pp

1369.70%-1355.5pp

Employer contribution / active EE

$486

$1,266-61.6%

$2,422-79.9%

$2,626-81.5%

Participant deferral / active EE

$3,049

$3,052-0.1%

$4,417-31.0%

$4,350-29.9%

Admin fee / account holder

$30

$3,027-99.0%

$8,287-99.6%

$1,945-98.4%

Provider

Service type

Compensation

LINCOLN NATIONAL CORPORATION5 years

Filed as: LINCOLN INVESTMENT PLANNING

Service code 33

601 OFFICE CENTER DR STE 300 · FORT WASHINGTON, PA 19034

Securities brokerage

$41,763

NATIONWIDE8+ years

Service code 13

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Contract Administrator

$22,028

PENSION ASSURANCE LLP1 year

Filed as: THE PENSION SERVICE INC.

Service code 15

Recordkeeping

$11,496

PENSION ASSURANCE LLP8+ years

Filed as: THE PENSION SERVICE, INC.

Service code 15

616 N. FRENCH RD. · AMHERST, NY 14228

Recordkeeping

$5,145

SHULTS AUTO GROUP 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SHULTS AUTO GROUP 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