Retirement plan

ROYAL IMPORTS OF ONEONTA, INC. D/B/A EMPIRE TOYOTA

Name: ROYAL IMPORTS OF ONEONTA, INC. D/B/A EMPIRE TOYOTA - ROYAL IMPORTS OF ONEONTA, INC. D/B/A EMPIRE TOYOTA (2021) Form 5500
Creator: ROYAL IMPORTS OF ONEONTA, INC. D/B/A EMPIRE TOYOTA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ROYAL IMPORTS OF ONEONTA, INC. D/B/A EMPIRE TOYOTA, ROYAL IMPORTS OF ONEONTA, INC. D/B/A EMPIRE TOYOTA

ROYAL IMPORTS OF ONEONTA, INC. D/B/A EMPIRE TOYOTAEIN 22-2994889Plan #001PY 2021

6281 STATE HIGHWAY 23 - ONEONTA, NY 13820607-433-0045empiretoyota.comLinkedIn11-50 employeesretail

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$724K

+23.4% from 2020

Total participants

+8.1% from 2020

Average account balance

$36,225

+29.6% from 2020

Annual return

11.08%

+3.00 pp from 2020

Benchmarks

See 9,332 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort9,332 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.01M

Not enough data

1 years with asset history on file

Average account balance

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

$51K

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.

105.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$80K

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

+15.02%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2185

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 codes2E2F2G2J2T3D3H

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.
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

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$2K

$50 / participant

Other / not subdivided$2K100.0%

% of EOY assets

0.248%

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

$36,225

$70,418-48.6%

$96,570-62.5%

$85,847-57.8%

Participation rate

44.4%

61.8%-17.4pp

69.8%-25.4pp

69.3%-24.9pp

Annual return

11.08%

18.59%-7.5pp

37.79%-26.7pp

318.61%-307.5pp

Employer contribution / active EE

$460

$1,413-67.4%

$2,357-80.5%

$2,565-82.1%

Participant deferral / active EE

$1,564

$2,894-46.0%

$3,849-59.4%

$3,952-60.4%

Admin fee / account holder

$90

$4,995-98.2%

$6,182-98.5%

$6,261-98.6%

ROYAL IMPORTS OF ONEONTA, INC. D/B/A EMPIRE TOYOTA

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ROYAL IMPORTS OF ONEONTA, INC. D/B/A EMPIRE TOYOTA

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