Retirement plan

MERCEDES-BENZ USA, LLC EMPLOYEES' RETIREMENT SAVINGS PLAN

Name: MERCEDES-BENZ USA, LLC - MERCEDES-BENZ USA, LLC EMPLOYEES' RETIREMENT SAVINGS PLAN (2020) Form 5500
Creator: MERCEDES-BENZ USA, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MERCEDES-BENZ USA, LLC EMPLOYEES' RETIREMENT SAVINGS PLAN, MERCEDES-BENZ USA, LLC

MERCEDES-BENZ USA, LLCEIN 22-2375138Plan #002PY 2020

ONE MERCEDES-BENZ DRIVE - SANDY SPRINGS, GA 30328770-705-2134mbusa.comLinkedIn1001-5000 employeesautomotive

Other plans on this EIN

2 filings

#001Retirement-$578.5M assets #003Retirement-$25.0M assets

Prospect flagsLow returnsLow participationHigh assets / participantCorrective distributions

Top hat statement on fileNQDC

Filed September 23, 1992

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$761.3M

+8.4% from 2019

Total participants

5,533

-4.4% from 2019

Average account balance

$316,299

+154.9% from 2019

Annual return

11.91%

-9.43 pp from 2019

Benchmarks

See 289 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants1,000-4,999

Cohort289 peers

Snapshot2020

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$1.11B

Not enough data

1 years with asset history on file

Average account balance

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

$230K

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.

4,838

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.

96.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$75.97M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$24K

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

+16.13%

Not enough data

1 years with return on file

Admin fee / account holder

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

$217

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

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
VOYA RETIREMENT INSURANCE & ANNUITY3 years Filed as: VOYA INSTITUTIONAL PLAN SERVICES Service code 37 · EIN 04-3516284	Loan Processing	$316,690
KILPATRICK TOWNSEND2 years Service code 29 · EIN 56-0511774	Legal	$117,161
VOYA RETIREMENT INSURANCE & ANNUITY4 years Filed as: VOYA RETIREMENT ADVISORS Service code 26 · EIN 22-1862786	Advisory (Participants)	$53,631
MORNINGSTAR4 years Service code 26 · EIN 36-4317381	Advisory (Participants)	$44,016
WARREN AVERETT, LLC1 year Filed as: WAREEN AVERETT Service code 10 · EIN 45-4084437	Accounting	$15,000

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3H

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

4 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.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$548K

$134 / participant

Other / not subdivided$548K100.0%

% of EOY assets

0.072%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: WARREN AVERETT CPAS AND ADVISORS
Auditor EIN: 454084397
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$316,299

$82,783+282.1%

$133,956+136.1%

$90,288+250.3%

Participation rate

23.7%

81.3%-57.6pp

79.8%-56.2pp

73.4%-49.7pp

Annual return

11.91%

21.89%-10.0pp

45.09%-33.2pp

53.97%-42.1pp

Employer contribution / active EE

$4,976

$2,388+108.3%

$3,919+27.0%

$2,524+97.1%

Participant deferral / active EE

$8,515

$4,291+98.4%

$5,048+68.7%

$4,232+101.2%

Admin fee / account holder

$228

$93+145.2%

$8,927-97.4%

$114+99.7%

Provider

Service type

Compensation

VOYA RETIREMENT INSURANCE & ANNUITY3 years

Filed as: VOYA INSTITUTIONAL PLAN SERVICES

Service code 37 · EIN 04-3516284

Loan Processing

$316,690

KILPATRICK TOWNSEND2 years

Service code 29 · EIN 56-0511774

Legal

$117,161

VOYA RETIREMENT INSURANCE & ANNUITY4 years

Filed as: VOYA RETIREMENT ADVISORS

Service code 26 · EIN 22-1862786

Advisory (Participants)

$53,631

MORNINGSTAR4 years

Service code 26 · EIN 36-4317381

Advisory (Participants)

$44,016

WARREN AVERETT, LLC1 year

Filed as: WAREEN AVERETT

Service code 10 · EIN 45-4084437

Accounting

$15,000

MERCEDES-BENZ USA, LLC EMPLOYEES' RETIREMENT SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MERCEDES-BENZ USA, LLC EMPLOYEES' RETIREMENT SAVINGS PLAN

Top hat statement on fileNQDC

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