Retirement plan

AAA SOUTH JERSEY 401(K) PROFIT SHARING PLAN

Name: AAA SOUTH JERSEY, INC. - AAA SOUTH JERSEY 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: AAA SOUTH JERSEY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AAA SOUTH JERSEY 401(K) PROFIT SHARING PLAN, AAA SOUTH JERSEY, INC.

AAA SOUTH JERSEY, INC.EIN 21-0399840Plan #002PY 2020

700 LAUREL OAK ROAD - VOORHEES, NJ 08043856-783-4222LinkedIn51-200 employeesautomotive

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$10.2M

+11.1% from 2019

Total participants

147

-5.2% from 2019

Average account balance

$70,591

+15.6% from 2019

Annual return

13.95%

-7.16 pp from 2019

Benchmarks

See 1,062 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants100-249

Cohort1,062 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.81M

Not enough data

1 years with asset history on file

Average account balance

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

$86K

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.

137

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.

94.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$686K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+12.51%

Not enough data

1 years with return on file

Admin fee / account holder

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

$18

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 1 by compensation

Provider	Service type	Compensation
MINNESOTA LIFE INSURANCE COMPANY6+ years Service code 13 · EIN 41-0417830	Contract Administrator	$21,230

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$21K

$197 / participant

Contract admin$21K100.0%

% of EOY assets

0.207%

all-in expense ratio

Categories reported

1 / 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: WIPFLI LLP
Auditor EIN: 390758449
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$70,591

$55,636+26.9%

$81,982-13.9%

$73,497-4.0%

Participation rate

98.1%

62.3%+35.9pp

69.3%+28.9pp

70.7%+27.5pp

Annual return

13.95%

19.07%-5.1pp

41.31%-27.4pp

28.51%-14.6pp

Employer contribution / active EE

$1,555

$1,625-4.3%

$2,498-37.8%

$2,270-31.5%

Participant deferral / active EE

$3,093

$2,762+12.0%

$3,722-16.9%

$3,740-17.3%

Admin fee / account holder

$146

$493-70.3%

$5,665-97.4%

$513-71.5%

Provider

Service type

Compensation

MINNESOTA LIFE INSURANCE COMPANY6+ years

Service code 13 · EIN 41-0417830

Contract Administrator

$21,230

AAA SOUTH JERSEY 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AAA SOUTH JERSEY 401(K) PROFIT SHARING 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