Retirement plan

AUTO-WARES GROUP 401K SAVINGS PLAN

Name: AWI HOLDINGS, LLC - AUTO-WARES GROUP 401K SAVINGS PLAN (2024) Form 5500
Creator: AWI HOLDINGS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AUTO-WARES GROUP 401K SAVINGS PLAN, AWI HOLDINGS, LLC

AWI HOLDINGS, LLCEIN 20-3778359Plan #001PY 2024

440 KIRKLAND S.W. - GRAND RAPIDS, MI 49507616-243-2125

Prospect flagsNo flags tripped

Top hat statement on fileNQDC

Filed August 22, 2022

Plan administrator

Plan administrator name— Sign in and upgrade to view

440 Kirtland, SW

Grand Rapids, MI 49507

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Plans declared (12)

Deferred Compensation Agreement, dated September 22, 1989, by and between Auto-Wares, Inc. and Gregory D. Hinkle.1 emp
Deferred Compensation Agreement, dated September 22, 1989, by and between Auto-Wares, Inc. and Fred A. Bunting.1 emp
Deferred Compensation Agreement, dated September 22, 1989, by and between Auto-Wares, Inc. and Scott T. Grill.1 emp
Deferred Compensation Agreement, dated September 22, 1989, by and between Auto-Wares, Inc. and Randall Dee Ribble.1 emp
Deferred Compensation Agreement, dated September 22, 1989, by and between Auto-Wares, Inc. and Steve L. Gould.1 emp
+7 more

Total covered: 12 employees

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Total assets (EOY)

$61.8M

+10.6% from 2023

Total participants

2,285

+0.7% from 2023

Average account balance

$34,148

+11.8% from 2023

Annual return

13.79%

-4.30 pp from 2023

Benchmarks

See 391 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants1,000-4,999

Cohort391 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$61.84M

Not enough data

1 years with asset history on file

Average account balance

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

$34K

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.

1,811

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.

77.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.99M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+13.79%

Not enough data

1 years with return on file

Admin fee / account holder

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

$133

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 3 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY10+ years Service code 13 · EIN 42-0127290	Contract Administrator	$240,214
THE PATRIOT FINANCIAL GROUP2 years Filed as: THE PATRIOT FINANCIAL GROUP, LLC Service code 27 · EIN 90-0138117	Advisory (Plan)	$60,919
MORNINGSTAR3 years Filed as: MORNINGSTAR INVESTMENT MANAGEMENT L Service code 26 · EIN 36-4317381	Advisory (Participants)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D

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.
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.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$240K

$116 / participant

Contract admin$240K100.0%

% of EOY assets

0.388%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MANER COSTERISAN
Auditor EIN: 382157942
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$34,148

$48,744-29.9%

$93,727-63.6%

$200,096-82.9%

Participation rate

77.2%

63.7%+13.5pp

68.7%+8.4pp

72.0%+5.1pp

Annual return

13.79%

15.36%-1.6pp

133.83%-120.0pp

34.26%-20.5pp

Employer contribution / active EE

$498

$1,140-56.3%

$2,421-79.4%

$3,038-83.6%

Participant deferral / active EE

$1,905

$2,825-32.6%

$4,417-56.9%

$5,090-62.6%

Admin fee / account holder

$133

$195-32.0%

$8,292-98.4%

$269-50.7%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY10+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$240,214

THE PATRIOT FINANCIAL GROUP2 years

Filed as: THE PATRIOT FINANCIAL GROUP, LLC

Service code 27 · EIN 90-0138117

Advisory (Plan)

$60,919

MORNINGSTAR3 years

Filed as: MORNINGSTAR INVESTMENT MANAGEMENT L

Service code 26 · EIN 36-4317381

Advisory (Participants)

AUTO-WARES GROUP 401K SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (12)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AUTO-WARES GROUP 401K SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (12)

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