Retirement plan

HAPPY AUTOMOTIVE 401(K) PLAN

Name: LIBERTYVILLE CHEVROLET - HAPPY AUTOMOTIVE 401(K) PLAN (2022) Form 5500
Creator: LIBERTYVILLE CHEVROLET
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HAPPY AUTOMOTIVE 401(K) PLAN, LIBERTYVILLE CHEVROLET

LIBERTYVILLE CHEVROLETEIN 20-3383684Plan #001PY 2022

1001 S. MILWAUKEE AVE - LIBERTYVILLE, IL 60048847-362-1400libertyvillechevrolet.comLinkedIn11-50 employeesautomotive

Prospect flagsLow participationLow assets / participantRecently reached 100 employeesCorrective distributions

How to read this page

Total assets (EOY)

$2.4M

+13.2% from 2021

Total participants

214

-8.9% from 2021

Average account balance

$19,308

-22.7% from 2021

Annual return

-18.31%

-27.94 pp from 2021

Benchmarks

See 2,205 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,205 peers

Snapshot2022

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Analytics

Total assets (EOY)

Plan-year ending balance

$4.78M

Not enough data

1 years with asset history on file

Average account balance

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

$29K

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.

163

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.

47.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$816K

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

+11.37%

Not enough data

1 years with return on file

Admin fee / account holder

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

$263

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

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
NATIONAL AUTO DEALERS ASSOC1 year Service code 99 8400 WESTPARK DR · MCLEAN, VA 22102	Other Fees	$2,396
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ADVISORY GROUP LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$1,716
ASCENSUS LLC1 year Filed as: PENSION ADMINISTRATORS INC Service code 13 1626 COLONIAL PARKWAY · INVERNESS, IL 60067	Contract Administrator	$1,200
CAPFINANCIAL PARTNERS LLC1 year Service code 99 4208 SIX FORKS RD STE 1700 · RALEIGH, NC 27609	Other Fees	$399
WOODBURY FINANCIAL SERVICES4 years Service code 55 7755 3RD ST N · OAKDALE, MN 55128	Other Commissions	$0

Reportable transactions (Schedule G)

2 rows

Counterparties on defaulted loans (Part 1), defaulted leases (Part 2), and non-exempt prohibited transactions (Part 3). Presence of any row warrants fiduciary review.

Category	Counterparty	Relationship / Terms	Address	Amount
Part 1 Loan in default	Counterparty name	Party in interest Five-year promissory note	1234 Example Ave City, ST 00000	$XXX,XXX
Part 1 Loan in default	Counterparty name	Party in interest Five-year promissory note	1234 Example Ave City, ST 00000	$XXX,XXX

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Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
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

$18K

$86 / participant

Other / not subdivided$18K100.0%

% of EOY assets

0.767%

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: CASSELL PLAN AUDITS
Auditor EIN: 462966358
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$19,308

$49,451-61.0%

$79,576-75.7%

$66,930-71.2%

Participation rate

57.1%

61.3%-4.3pp

69.5%-12.4pp

69.8%-12.7pp

Annual return

-18.31%

84.25%-102.6pp

0.15%-18.5pp

1.57%-19.9pp

Employer contribution / active EE

$603

$1,266-52.3%

$2,413-75.0%

$2,545-76.3%

Participant deferral / active EE

$2,948

$3,159-6.7%

$3,985-26.0%

$4,238-30.4%

Admin fee / account holder

$148

$595-75.1%

$6,834-97.8%

$593-75.0%

Provider

Service type

Compensation

NATIONAL AUTO DEALERS ASSOC1 year

Service code 99

8400 WESTPARK DR · MCLEAN, VA 22102

Other Fees

$2,396

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ADVISORY GROUP LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$1,716

ASCENSUS LLC1 year

Filed as: PENSION ADMINISTRATORS INC

Service code 13

1626 COLONIAL PARKWAY · INVERNESS, IL 60067

Contract Administrator

$1,200

CAPFINANCIAL PARTNERS LLC1 year

Service code 99

4208 SIX FORKS RD STE 1700 · RALEIGH, NC 27609

Other Fees

$399

WOODBURY FINANCIAL SERVICES4 years

Service code 55

7755 3RD ST N · OAKDALE, MN 55128

Other Commissions

HAPPY AUTOMOTIVE 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Reportable transactions (Schedule G)

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HAPPY AUTOMOTIVE 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Reportable transactions (Schedule G)

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