Retirement plan

AAA SOUTH JERSEY 401(K) PROFIT SHARING PLAN

Name: AAA SOUTH JERSEY, INC. - AAA SOUTH JERSEY 401(K) PROFIT SHARING PLAN (2023) 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 2023

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

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$10.8M

+20.9% from 2022

Total participants

151

+7.9% from 2022

Average account balance

$72,807

+9.5% from 2022

Annual return

16.89%

+32.62 pp from 2022

Benchmarks

See 1,233 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants100-249

Cohort1,233 peers

Snapshot2023

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 COMPANY9+ years Service code 13 · EIN 41-0417830	Contract Administrator	-$2,636

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

0 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$3K

$24 / participant

Contract admin$3K100.0%

% of EOY assets

0.024%

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: RACHEL MOST
Auditor EIN: 390758449
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$72,807

$51,207+42.2%

$70,565+3.2%

$71,529+1.8%

Participation rate

97.3%

59.4%+37.9pp

68.4%+29.0pp

67.9%+29.4pp

Annual return

16.89%

42.71%-25.8pp

32.79%-15.9pp

28.97%-12.1pp

Employer contribution / active EE

$1,873

$1,795+4.4%

$2,976-37.0%

$2,590-27.7%

Participant deferral / active EE

$3,597

$3,033+18.6%

$4,568-21.3%

$4,291-16.2%

Admin fee / account holder

$18

$2,002-99.1%

$6,430-99.7%

$1,588-98.9%

Provider

Service type

Compensation

MINNESOTA LIFE INSURANCE COMPANY9+ years

Service code 13 · EIN 41-0417830

Contract Administrator

-$2,636

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