Retirement plan

DENNIS AUCTION SERVICE INC 401(K) PROFIT SHARING PLAN & TRUST

Name: DENNIS AUCTION SERVICE INC - DENNIS AUCTION SERVICE INC 401(K) PROFIT SHARING PLAN & TRUST (2019) Form 5500
Creator: DENNIS AUCTION SERVICE INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DENNIS AUCTION SERVICE INC 401(K) PROFIT SHARING PLAN & TRUST, DENNIS AUCTION SERVICE INC

DENNIS AUCTION SERVICE INCEIN 22-3414943Plan #001PY 2019

PO BOX5, 723 STATE ROUTE 57 - STEWARTSVILLE, NJ 08886908-859-3424dennisauction.comLinkedIn1-10 employeesretail

Prospect flagsLow returnsLow fidelity bond

How to read this page

Total assets (EOY)

$687K

+8.0% from 2018

Total participants

+6.3% from 2018

Average account balance

$45,772

+0.8% from 2018

Annual return

2.32%

+1.77 pp from 2018

Benchmarks

See 7,789 peers

Peer group

Industry45 - Retail Trade

Plan typeDefined contribution

Participants<25

Cohort7,789 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$185K

Not enough data

1 years with asset history on file

Average account balance

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

$14K

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.

185.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$19K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+4.35%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2668

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 codes2E2F2G2J2T3D

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.

Opportunity flags

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

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

$45,772

$117,433-61.0%

$99,475-54.0%

$152,897-70.1%

Participation rate

75.0%

77.5%-2.5pp

73.8%+1.2pp

82.5%-7.5pp

Annual return

2.32%

31.87%-29.5pp

30.72%-28.4pp

345.43%-343.1pp

Employer contribution / active EE

$1,310

$3,013-56.5%

$2,540-48.4%

$4,764-72.5%

Participant deferral / active EE

$3,177

$4,086-22.3%

$3,619-12.2%

$5,851-45.7%

Admin fee / account holder

$7,634-100.0%

$6,252-100.0%

$11,599-100.0%

DENNIS AUCTION SERVICE INC 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

DENNIS AUCTION SERVICE INC 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion