Retirement plan

SLATER'S EXETER AUTO REPAIR, INC. 401(K) PLAN

Name: SLATERS EXETER AUTO REPAIR, INC. - SLATER'S EXETER AUTO REPAIR, INC. 401(K) PLAN (2023) Form 5500
Creator: SLATERS EXETER AUTO REPAIR, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SLATER'S EXETER AUTO REPAIR, INC. 401(K) PLAN, SLATERS EXETER AUTO REPAIR, INC.

SLATERS EXETER AUTO REPAIR, INC.EIN 20-4252966Plan #002PY 2023

565 NOOSENECK HILL ROAD - EXETER, RI 02822401-397-6633

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$273K

+63.2% from 2022

Total participants

0.0% from 2022

Average account balance

$39,027

+39.9% from 2022

Annual return

23.02%

+42.03 pp from 2022

Benchmarks

See 41,808 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort41,808 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$370K

Not enough data

1 years with asset history on file

Average account balance

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

$53K

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.

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.

77.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$83K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+5.30%

Not enough data

1 years with return on file

Admin fee / account holder

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

$838

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2J2F2G3D2T

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.
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

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

$4K

$421 / participant

Other / not subdivided$4K100.0%

% of EOY assets

1.387%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$39,027

$96,678-59.6%

$86,640-55.0%

$139,466-72.0%

Participation rate

77.8%

74.4%+3.4pp

71.7%+6.1pp

80.3%-2.6pp

Annual return

23.02%

106.69%-83.7pp

592.52%-569.5pp

373.66%-350.6pp

Employer contribution / active EE

$2,177

$3,265-33.3%

$3,024-28.0%

$4,754-54.2%

Participant deferral / active EE

$5,298

$4,837+9.5%

$4,438+19.4%

$6,712-21.1%

Admin fee / account holder

$541

$6,410-91.6%

$5,616-90.4%

$11,409-95.3%

SLATER'S EXETER AUTO REPAIR, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SLATER'S EXETER AUTO REPAIR, 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