Retirement plan

BELL AUTOMOTIVE NETWORK 401K PLAN

Name: BELL MOTOR CARS, INC. - BELL AUTOMOTIVE NETWORK 401K PLAN (2024) Form 5500
Creator: BELL MOTOR CARS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BELL AUTOMOTIVE NETWORK 401K PLAN, BELL MOTOR CARS, INC.

BELL MOTOR CARS, INC.dba D/B/A BELL AUDIEIN 22-2124083Plan #001PY 2024

782 ROUTE ONE NORTH - NORTH EDISON, NJ 08817732-388-2800

Prospect flagsLow returnsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$14M

+13.6% from 2023

Total participants

462

-1.1% from 2023

Average account balance

$49,634

+15.2% from 2023

Annual return

9.10%

-7.93 pp from 2023

Benchmarks

See 1,305 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort1,305 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$14.05M

Not enough data

1 years with asset history on file

Average account balance

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

$50K

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.

283

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.

49.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.30M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+9.10%

Not enough data

1 years with return on file

Admin fee / account holder

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

$153

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 4 by compensation

Provider	Service type	Compensation
NATIONWIDE10+ years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$43,276
PROACCOUNT1 year Service code 26 · EIN 73-0988442 10 W NATIONWIDE BLVD · COLUMBUS, OH 43215	Advisory (Participants)	$36,309
AVANTAX INSURANCE AGENCY LLC5 years Filed as: AVANTAX WEALTH MANAGEMENT Service code 27 3200 OLYMPUS BLVD · DALLAS, TX 75019	Advisory (Plan)	$32,430
PREFERRED PENSION PLANNING5 years Service code 14 · EIN 22-3200158 991 ROUTE 22 WEST · BRIDGEWATER, NJ 08807	Plan Administrator	$7,739

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

3 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.
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

$43K

$123 / participant

Investment mgmt$43K100.0%

% of EOY assets

0.307%

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: MSPC, CERTIFIED PUBLIC ACCOUNTANTS
Auditor EIN: 222951202
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$49,634

$54,245-8.5%

$93,727-47.0%

$77,762-36.2%

Participation rate

49.1%

63.9%-14.8pp

68.7%-19.6pp

70.6%-21.4pp

Annual return

9.10%

30.58%-21.5pp

133.83%-124.7pp

31.27%-22.2pp

Employer contribution / active EE

$711

$1,168-39.1%

$2,421-70.6%

$2,728-73.9%

Participant deferral / active EE

$2,995

$3,144-4.7%

$4,417-32.2%

$4,651-35.6%

Admin fee / account holder

$153

$575-73.5%

$8,292-98.2%

$433-64.8%

Provider

Service type

Compensation

NATIONWIDE10+ years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$43,276

PROACCOUNT1 year

Service code 26 · EIN 73-0988442

10 W NATIONWIDE BLVD · COLUMBUS, OH 43215

Advisory (Participants)

$36,309

AVANTAX INSURANCE AGENCY LLC5 years

Filed as: AVANTAX WEALTH MANAGEMENT

Service code 27

3200 OLYMPUS BLVD · DALLAS, TX 75019

Advisory (Plan)

$32,430

PREFERRED PENSION PLANNING5 years

Service code 14 · EIN 22-3200158

991 ROUTE 22 WEST · BRIDGEWATER, NJ 08807

Plan Administrator

$7,739

BELL AUTOMOTIVE NETWORK 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BELL AUTOMOTIVE NETWORK 401K 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