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 (2020) 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 2020

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

Other plans on this EIN

1 filing

#003Retirement-$4.0M assets

Prospect flagsLow returnsLow participation

How to read this page

Total assets (EOY)

$667K

+4.4% from 2019

Total participants

+7.7% from 2019

Average account balance

$35,121

-1.1% from 2019

Annual return

0.92%

-4.97 pp from 2019

Benchmarks

See 18,868 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants<25

Cohort18,868 peers

Snapshot2020

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.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$5K

$254 / participant

Other / not subdivided$5K100.0%

% of EOY assets

0.762%

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

$35,121

$112,933-68.9%

$90,970-61.4%

$158,982-77.9%

Participation rate

55.0%

74.7%-19.7pp

69.0%-14.0pp

82.0%-27.0pp

Annual return

0.92%

215.82%-214.9pp

134.60%-133.7pp

302.99%-302.1pp

Employer contribution / active EE

$2,893-100.0%

$2,122-100.0%

$4,763-100.0%

Participant deferral / active EE

$1,236

$4,128-70.1%

$3,373-63.4%

$5,983-79.3%

Admin fee / account holder

$268

$8,047-96.7%

$5,961-95.5%

$11,252-97.6%

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