Retirement plan

FRED BEANS AUTOMOTIVE GROUP 401(K) PLAN

Name: FRED BEANS FORD, INC. - FRED BEANS AUTOMOTIVE GROUP 401(K) PLAN (2017) Form 5500
Creator: FRED BEANS FORD, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FRED BEANS AUTOMOTIVE GROUP 401(K) PLAN, FRED BEANS FORD, INC.

FRED BEANS FORD, INC.EIN 23-1982412Plan #333PY 2017

3960 AIRPORT BLVD - DOYLESTOWN, PA 18902215-345-8270fredbeansford.netLinkedIn1001-5000 employeesretail

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$50.2M

+20.6% from 2016

Total participants

1,812

+31.4% from 2016

Average account balance

$34,958

-14.2% from 2016

Annual return

18.11%

+8.09 pp from 2016

Benchmarks

See 331 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants1,000-4,999

Cohort331 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$116.65M

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.

2,298

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.

78.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$11.73M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+14.52%

Not enough data

1 years with return on file

Admin fee / account holder

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

$67

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

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
HORNOR TOWNSEND & KENT INC3+ years Filed as: HORNOR TOWNSEND AND KENT Service code 27 · EIN 23-1706189	Advisory (Plan)	$54,292
TORRILLO & ASSOCIATES, LLC2 years Filed as: BOYER & RITTER Service code 10 · EIN 23-1311005	Accounting	$15,800
FIDELITY INVESTMENTS INSTITUTIONAL3+ years Service code 37 · EIN 04-2647786	Loan Processing	$8,119

Plan features & details

Pension benefit codes2E2J2K3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$79K

$51 / participant

Other / not subdivided$79K100.0%

% of EOY assets

0.158%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: BOYER & RITTER
Auditor EIN: 231311005
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$34,958

$38,833-10.0%

$78,778-55.6%

$77,958-55.2%

Participation rate

75.8%

60.9%+14.9pp

69.2%+6.6pp

71.6%+4.2pp

Annual return

18.11%

20.31%-2.2pp

35.62%-17.5pp

20.87%-2.8pp

Employer contribution / active EE

$491

$840-41.6%

$1,986-75.3%

$2,310-78.8%

Participant deferral / active EE

$2,330

$1,776+31.2%

$2,958-21.3%

$3,537-34.1%

Admin fee / account holder

$55

$89-37.9%

$5,134-98.9%

$97-43.3%

Provider

Service type

Compensation

HORNOR TOWNSEND & KENT INC3+ years

Filed as: HORNOR TOWNSEND AND KENT

Service code 27 · EIN 23-1706189

Advisory (Plan)

$54,292

TORRILLO & ASSOCIATES, LLC2 years

Filed as: BOYER & RITTER

Service code 10 · EIN 23-1311005

Accounting

$15,800

FIDELITY INVESTMENTS INSTITUTIONAL3+ years

Service code 37 · EIN 04-2647786

Loan Processing

$8,119

FRED BEANS AUTOMOTIVE GROUP 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FRED BEANS AUTOMOTIVE GROUP 401(K) 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