Retirement plan

CAROLINA DEALERSHIPS INC. 401(K) PLAN

Name: CAROLINA DEALERSHIPS INC - CAROLINA DEALERSHIPS INC. 401(K) PLAN (2016) Form 5500
Creator: CAROLINA DEALERSHIPS INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CAROLINA DEALERSHIPS INC. 401(K) PLAN, CAROLINA DEALERSHIPS INC

CAROLINA DEALERSHIPS INCEIN 20-0465434Plan #001PY 2016

P.O. BOX 5657 - WINSTON-SALEM, NC 27113336-724-5921

Prospect flagsLow participationFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$46.2M

+13.8% from 2015

Total participants

2,484

-2.5% from 2015

Average account balance

$39,191

+24.0% from 2015

Annual return

8.90%

+8.70 pp from 2015

Benchmarks

See 334 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants1,000-4,999

Cohort334 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$112.24M

Not enough data

1 years with asset history on file

Average account balance

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

$39K

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.

2,866

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.

82.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$13.28M

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

+13.27%

Not enough data

1 years with return on file

Admin fee / account holder

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

$269

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 6 by compensation

Provider	Service type	Compensation
THE BANK OF NEW YORK MELLON2+ years Filed as: BANK OF AMERICA CORPORATION Service code 52	Indirect Investment Fees	$141,119
MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years Filed as: MASSMUTUAL RETIREMENT SERVICES, LLC Service code 15 · EIN 26-1589907	Recordkeeping	$119,143
SMITH & HOWARD, PC1 year Filed as: SMITH, ANDERSON, LAW FIRM, LLC Service code 29 · EIN 56-0402850	Legal	$25,250
GRAY CALLISON & CO1 year Filed as: GRAY CALLISON & CO., P.A. Service code 10 · EIN 56-1285792	Accounting	$16,660
RELIANCE TRUST COMPANY2+ years Service code 19 · EIN 58-1428634	Securities Custodian	$282
THE BANK OF NEW YORK MELLON2+ years Filed as: BANK OF AMERICA COPRORATION Service code 52 · EIN 94-1687665	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2F2J2G2K2T3H

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.
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.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$55K

$24 / participant

Other / not subdivided$55K100.0%

% of EOY assets

0.119%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: GARY, CALLISON, & CO P.A.
Auditor EIN: 561285792
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$39,191

$33,232+17.9%

$71,796-45.4%

$63,975-38.7%

Participation rate

43.8%

60.1%-16.3pp

69.1%-25.3pp

71.1%-27.3pp

Annual return

8.90%

11.99%-3.1pp

78.04%-69.1pp

48.65%-39.7pp

Employer contribution / active EE

$415

$723-42.6%

$1,924-78.5%

$2,182-81.0%

Participant deferral / active EE

$1,316

$1,604-17.9%

$2,794-52.9%

$3,356-60.8%

Admin fee / account holder

$47

$63-26.6%

$4,815-99.0%

$70-33.8%

Provider

Service type

Compensation

THE BANK OF NEW YORK MELLON2+ years

Filed as: BANK OF AMERICA CORPORATION

Service code 52

Indirect Investment Fees

$141,119

MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years

Filed as: MASSMUTUAL RETIREMENT SERVICES, LLC

Service code 15 · EIN 26-1589907

Recordkeeping

$119,143

SMITH & HOWARD, PC1 year

Filed as: SMITH, ANDERSON, LAW FIRM, LLC

Service code 29 · EIN 56-0402850

Legal

$25,250

GRAY CALLISON & CO1 year

Filed as: GRAY CALLISON & CO., P.A.

Service code 10 · EIN 56-1285792

Accounting

$16,660

RELIANCE TRUST COMPANY2+ years

Service code 19 · EIN 58-1428634

Securities Custodian

$282

THE BANK OF NEW YORK MELLON2+ years

Filed as: BANK OF AMERICA COPRORATION

Service code 52 · EIN 94-1687665

Indirect Investment Fees

CAROLINA DEALERSHIPS INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CAROLINA DEALERSHIPS 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