Retirement plan

SUTLIFF AUTO GROUP RETIREMENT PLAN

Name: SUTLIFF SATURN, INC. - SUTLIFF AUTO GROUP RETIREMENT PLAN (2020) Form 5500
Creator: SUTLIFF SATURN, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SUTLIFF AUTO GROUP RETIREMENT PLAN, SUTLIFF SATURN, INC.

SUTLIFF SATURN, INC.dba DBA SUTLIFF VOLKSWAGENEIN 23-1610030Plan #002PY 2020

1301 PAXTON STREET - HARRISBURG, PA 17104717-234-8888LinkedIn11-50 employeesinsurance

Prospect flagsLow returnsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$7M

-8.2% from 2019

Total participants

-17.9% from 2019

Average account balance

$74,526

-0.4% from 2019

Annual return

2.91%

-9.29 pp from 2019

Benchmarks

See 9,300 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort9,300 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.48M

Not enough data

1 years with asset history on file

Average account balance

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

$98K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$177K

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

+9.66%

Not enough data

1 years with return on file

Admin fee / account holder

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

$18754

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

Top 8 by compensation

Provider	Service type	Compensation
CONRAD SIEGEL3 years Service code 15 · EIN 23-1669823	Recordkeeping	$21,377
CONRAD SIEGEL6+ years Filed as: CONRAD SIEGEL INVESTMENT ADVISORS Service code 27 · EIN 01-0726056	Advisory (Plan)	$12,558
BOYER & RITTER, CPA'S1 year Filed as: BOYER AND RITTER, CPAS Service code 10 · EIN 23-1311005	Accounting	$10,100
CHARLES SCHWAB & CO., INC.6+ years Service code 19 · EIN 94-1737782	Securities Custodian	$4,944
BENEFIT CONSULTANTS GROUP1 year Service code 15 · EIN 23-2383285	Recordkeeping	$4,766
DIMENSIONAL FUND ADVISORS6+ years Filed as: DIMENSIONAL FUND ADVISORS LP Service code 28 · EIN 30-0447847	Investment Management	$0
FIDELITY INVESTMENTS INSTITUTIONAL1 year Filed as: FIDELITY & RESEARCH COMPANY06 Service code 28 · EIN 06-1194217	Investment Management	$0
FIDELITY INVESTMENTS INSTITUTIONAL2 years Filed as: FIDELITY MANAGEMENT & RESEARCH COMP Service code 28	Investment Management	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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

$54K

$802 / participant

Other / not subdivided$54K100.0%

% of EOY assets

0.767%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Qualified opinion

Opinion is qualified - a specific issue limited the scope or accuracy of the audit.

Auditor firm: BOYER AND RITTER, CPA'S
Auditor EIN: 231311005
Audit fees: (not subdivided)
Opinion code: Qualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$74,526

$65,034+14.6%

$90,970-18.1%

$79,856-6.7%

Participation rate

97.0%

61.6%+35.4pp

69.0%+28.0pp

69.6%+27.4pp

Annual return

2.91%

30.45%-27.5pp

134.60%-131.7pp

31.71%-28.8pp

Employer contribution / active EE

$382

$1,247-69.4%

$2,122-82.0%

$2,471-84.6%

Participant deferral / active EE

$1,542

$2,512-38.6%

$3,373-54.3%

$3,741-58.8%

Admin fee / account holder

$572

$4,536-87.4%

$5,961-90.4%

$5,306-89.2%

Provider

Service type

Compensation

CONRAD SIEGEL3 years

Service code 15 · EIN 23-1669823

Recordkeeping

$21,377

CONRAD SIEGEL6+ years

Filed as: CONRAD SIEGEL INVESTMENT ADVISORS

Service code 27 · EIN 01-0726056

Advisory (Plan)

$12,558

BOYER & RITTER, CPA'S1 year

Filed as: BOYER AND RITTER, CPAS

Service code 10 · EIN 23-1311005

Accounting

$10,100

CHARLES SCHWAB & CO., INC.6+ years

Service code 19 · EIN 94-1737782

Securities Custodian

$4,944

BENEFIT CONSULTANTS GROUP1 year

Service code 15 · EIN 23-2383285

Recordkeeping

$4,766

DIMENSIONAL FUND ADVISORS6+ years

Filed as: DIMENSIONAL FUND ADVISORS LP

Service code 28 · EIN 30-0447847

Investment Management

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Filed as: FIDELITY & RESEARCH COMPANY06

Service code 28 · EIN 06-1194217

Investment Management

FIDELITY INVESTMENTS INSTITUTIONAL2 years

Filed as: FIDELITY MANAGEMENT & RESEARCH COMP

Service code 28

Investment Management

SUTLIFF AUTO GROUP RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SUTLIFF AUTO GROUP RETIREMENT 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