Retirement plan

SUTLIFF AUTO GROUP RETIREMENT SAVINGS PLAN

Name: SUTLIFF AUTO GROUP - SUTLIFF AUTO GROUP RETIREMENT SAVINGS PLAN (2019) Form 5500
Creator: SUTLIFF AUTO GROUP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SUTLIFF AUTO GROUP RETIREMENT SAVINGS PLAN, SUTLIFF AUTO GROUP

SUTLIFF AUTO GROUPEIN 23-1610030Plan #002PY 2019

802 SOUTH 16TH STREET - HARRISBURG, PA 17104717-920-5555LinkedIn11-50 employeesinsurance

Prospect flagsLow returnsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$7.6M

-35.8% from 2018

Total participants

117

-41.5% from 2018

Average account balance

$74,809

+15.9% from 2018

Annual return

12.20%

+19.44 pp from 2018

Benchmarks

See 9,368 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort9,368 peers

Snapshot2019

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

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Analytics

Total assets (EOY)

Plan-year ending balance

$6.70M

Not enough data

1 years with asset history on file

Average account balance

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

$114K

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.

90.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$159K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+16.35%

Not enough data

1 years with return on file

Admin fee / account holder

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

$17401

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Service providers

Top 6 by compensation

Provider	Service type	Compensation
CONRAD SIEGEL2 years Service code 15 · EIN 23-1669823 PO BOX 5900 · HARRISBURG, PA 171100900	Recordkeeping	$36,869
CONRAD SIEGEL5+ years Filed as: CONRAD SIEGEL INVESTMENT ADVISORS Service code 27 · EIN 01-0726056	Advisory (Plan)	$14,629
CHARLES SCHWAB & CO., INC.5+ years Service code 19 · EIN 94-1737782	Securities Custodian	$5,747
DIMENSIONAL FUND ADVISORS5+ years Filed as: DIMENSIONAL FUND ADVISORS LP Service code 28 · EIN 30-0447847	Investment Management	$0
FIDELITY INVESTMENTS INSTITUTIONAL1 year Filed as: FIDELITY & RESEARCH COMPANY Service code 28 · EIN 06-1194217	Investment Management	$0
FIDELITY INVESTMENTS INSTITUTIONAL1 year Filed as: FIDELITY MANAGEMENT & RESEARCH COMP Service code 28	Investment Management	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D

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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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

$57K

$1145 / participant

Investment mgmt$15K25.6%
Other / not subdivided$43K74.4%

% of EOY assets

0.750%

all-in expense ratio

Categories reported

1 / 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: BOYER & RITTER, CPAS
Auditor EIN: 231311005
Audit fees: (not subdivided)
Opinion code: Disclaimer

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$74,809

$58,512+27.9%

$84,015-11.0%

$72,985+2.5%

Participation rate

70.0%

61.2%+8.8pp

69.0%+1.0pp

69.5%+0.5pp

Annual return

12.20%

28.93%-16.7pp

71.31%-59.1pp

81.00%-68.8pp

Employer contribution / active EE

$1,155

$1,163-0.7%

$1,983-41.8%

$2,440-52.7%

Participant deferral / active EE

$2,436

$2,394+1.8%

$3,239-24.8%

$3,607-32.5%

Admin fee / account holder

$561

$4,569-87.7%

$6,101-90.8%

$5,124-89.0%

Provider

Service type

Compensation

CONRAD SIEGEL2 years

Service code 15 · EIN 23-1669823

PO BOX 5900 · HARRISBURG, PA 171100900

Recordkeeping

$36,869

CONRAD SIEGEL5+ years

Filed as: CONRAD SIEGEL INVESTMENT ADVISORS

Service code 27 · EIN 01-0726056

Advisory (Plan)

$14,629

CHARLES SCHWAB & CO., INC.5+ years

Service code 19 · EIN 94-1737782

Securities Custodian

$5,747

DIMENSIONAL FUND ADVISORS5+ years

Filed as: DIMENSIONAL FUND ADVISORS LP

Service code 28 · EIN 30-0447847

Investment Management

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Filed as: FIDELITY & RESEARCH COMPANY

Service code 28 · EIN 06-1194217

Investment Management

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Filed as: FIDELITY MANAGEMENT & RESEARCH COMP

Service code 28

Investment Management

SUTLIFF AUTO GROUP RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SUTLIFF AUTO GROUP RETIREMENT SAVINGS 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