Retirement plan

FRANK'S GMC TRUCK CENTER, INC. MECHANICS UNION PROFIT SHARING PLAN

Name: FRANK'S GMC TRUCK CENTER, INC. - FRANK'S GMC TRUCK CENTER, INC. MECHANICS UNION PROFIT SHARING PLAN (2018) Form 5500
Creator: FRANK'S GMC TRUCK CENTER, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FRANK'S GMC TRUCK CENTER, INC. MECHANICS UNION PROFIT SHARING PLAN, FRANK'S GMC TRUCK CENTER, INC.

FRANK'S GMC TRUCK CENTER, INC.EIN 22-1826692Plan #002PY 2018

325 ORIENT WAY - LYNDHURST, NJ 07071201-939-7708LinkedIn11-50 employeesretail

Other plans on this EIN

1 filing

#003Retirement-$2.9M assets

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$576K

-0.7% from 2017

Total participants

+4.0% from 2017

Average account balance

$36,025

+11.7% from 2017

Annual return

5.18%

-5.00 pp from 2017

Benchmarks

See 18,623 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants<25

Cohort18,623 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$782K

Not enough data

1 years with asset history on file

Average account balance

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

$46K

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.

73.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$32K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+7.28%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2565

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 codes2E2F2G2J3D

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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$66K

$3306 / participant

Other / not subdivided$66K100.0%

% of EOY assets

11.470%

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

$36,025

$95,979-62.5%

$74,551-51.7%

$135,380-73.4%

Participation rate

50.0%

75.7%-25.7pp

69.1%-19.1pp

82.6%-32.6pp

Annual return

5.18%

56.97%-51.8pp

32.53%-27.4pp

519.81%-514.6pp

Employer contribution / active EE

$2,716-100.0%

$1,961-100.0%

$4,779-100.0%

Participant deferral / active EE

$1,477

$3,844-61.6%

$3,108-52.5%

$5,609-73.7%

Admin fee / account holder

$4,132

$6,522-36.6%

$5,059-18.3%

$10,828-61.8%

FRANK'S GMC TRUCK CENTER, INC. MECHANICS UNION PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FRANK'S GMC TRUCK CENTER, INC. MECHANICS UNION 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