Retirement plan

APPLE AUTOMOTIVE GROUP 401(K) PLAN

Name: WESTGATE CHEVROLET, INC. - APPLE AUTOMOTIVE GROUP 401(K) PLAN (2020) Form 5500
Creator: WESTGATE CHEVROLET, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, APPLE AUTOMOTIVE GROUP 401(K) PLAN, WESTGATE CHEVROLET, INC.

WESTGATE CHEVROLET, INC.EIN 23-2257255Plan #002PY 2020

950 SMILE WAY - YORK, PA 17404717-848-2831

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$22.1M

+8.7% from 2019

Total participants

721

+45.7% from 2019

Average account balance

$46,562

+8.5% from 2019

Annual return

12.67%

-9.39 pp from 2019

Benchmarks

See 1,285 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort1,285 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+2.90%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 10 of 24 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: GREAT-WEST LIFE & ANNUITY INS. CO. Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$43,782
WITHUMSMITH+BROWN, PC2 years Filed as: BROWN ADVISORY SECURITIES LLC Service code 27 901 S BOND ST STE 400 · BALTIMORE, MD 21231	Advisory (Plan)	$29,551
LOMBARD SECURITIES INC2 years Service code 27 1820 LANCASTER ST 2ND FL · BALTIMORE, MD 21231	Advisory (Plan)	$29,551
TORRILLO & ASSOCIATES, LLC2 years Filed as: BOYER & RITTER LLC Service code 10 · EIN 23-1311005	Accounting	$18,000
SRS CAPITAL ADVISORS1 year Service code 27 730 17TH STREET STE 107 · DENVER, CO 80202	Advisory (Plan)	$15,652
THE RETIREMENT ADVANTAGE INC2 years Filed as: THE RETIREMENT ADVANTAGE Service code 13 PO BOX 825 · ELM GROVE, WI 531220825	Contract Administrator	$13,968
CONRAD SIEGEL1 year Filed as: CONRAD M SIEGEL INC Service code 13 501 CORPORATE CIRCLE PO BOX 5900 · HARRISBURG, PA 171100900	Contract Administrator	$8,472
AMERICAN CENTURY2 years Filed as: AMERICAN CENTURY INVESTMENT INC Service code 28 · EIN 44-6006315	Investment Management	$0
AMERICAN CENTURY2 years Filed as: AMERICAN CENTURY INVESTMENT MANAGEM Service code 28	Investment Management	$0
BLACKROCK2 years Filed as: BLACKROCK FUND ADVISORS Service code 28 · EIN 51-0318674	Investment Management	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$166K

$306 / participant

Investment mgmt$74K44.6%
Contract admin$22K13.5%
Other / not subdivided$70K41.9%

% of EOY assets

0.751%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: RKL
Auditor EIN: 232108173
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$46,562

$64,286-27.6%

$90,970-48.8%

$73,412-36.6%

Participation rate

54.6%

63.6%-9.0pp

69.0%-14.4pp

72.2%-17.6pp

Annual return

12.67%

21.46%-8.8pp

134.60%-121.9pp

59.30%-46.6pp

Employer contribution / active EE

$368

$895-58.9%

$2,122-82.7%

$2,234-83.5%

Participant deferral / active EE

$2,191

$2,453-10.7%

$3,373-35.0%

$3,806-42.4%

Admin fee / account holder

$350

$287+21.8%

$5,961-94.1%

$158+121.5%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: GREAT-WEST LIFE & ANNUITY INS. CO.

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$43,782

WITHUMSMITH+BROWN, PC2 years

Filed as: BROWN ADVISORY SECURITIES LLC

Service code 27

901 S BOND ST STE 400 · BALTIMORE, MD 21231

Advisory (Plan)

$29,551

LOMBARD SECURITIES INC2 years

Service code 27

1820 LANCASTER ST 2ND FL · BALTIMORE, MD 21231

Advisory (Plan)

$29,551

TORRILLO & ASSOCIATES, LLC2 years

Filed as: BOYER & RITTER LLC

Service code 10 · EIN 23-1311005

Accounting

$18,000

SRS CAPITAL ADVISORS1 year

Service code 27

730 17TH STREET STE 107 · DENVER, CO 80202

Advisory (Plan)

$15,652

THE RETIREMENT ADVANTAGE INC2 years

Filed as: THE RETIREMENT ADVANTAGE

Service code 13

PO BOX 825 · ELM GROVE, WI 531220825

Contract Administrator

$13,968

CONRAD SIEGEL1 year

Filed as: CONRAD M SIEGEL INC

Service code 13

501 CORPORATE CIRCLE PO BOX 5900 · HARRISBURG, PA 171100900

Contract Administrator

$8,472

AMERICAN CENTURY2 years

Filed as: AMERICAN CENTURY INVESTMENT INC

Service code 28 · EIN 44-6006315

Investment Management

AMERICAN CENTURY2 years

Filed as: AMERICAN CENTURY INVESTMENT MANAGEM

Service code 28

Investment Management

BLACKROCK2 years

Filed as: BLACKROCK FUND ADVISORS

Service code 28 · EIN 51-0318674

Investment Management

APPLE AUTOMOTIVE GROUP 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

APPLE 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