Retirement plan

WILKIE LEXUS 401K PROFIT SHARING PLAN

Name: DANIEL MARTIN, INC. DBA WILKIE LEXUS - WILKIE LEXUS 401K PROFIT SHARING PLAN (2023) Form 5500
Creator: DANIEL MARTIN, INC. DBA WILKIE LEXUS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WILKIE LEXUS 401K PROFIT SHARING PLAN, DANIEL MARTIN, INC. DBA WILKIE LEXUS

DANIEL MARTIN, INC. DBA WILKIE LEXUSEIN 23-2565019Plan #001PY 2023

568 W. LANCASTER AVE. - HAVERFORD, PA 19041610-525-0900

Prospect flagsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$16.7M

+21.7% from 2022

Total participants

172

-0.6% from 2022

Average account balance

$98,104

+23.2% from 2022

Annual return

16.04%

+32.09 pp from 2022

Benchmarks

See 2,285 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,285 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$18.19M

Not enough data

1 years with asset history on file

Average account balance

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

$109K

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.

167

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.

98.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.06M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+11.18%

Not enough data

1 years with return on file

Admin fee / account holder

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

$71

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
NATIONWIDE9+ years Service code 15 · EIN 31-4156830	Recordkeeping	$58,631
EISNERAMPER LLP4 years Filed as: EISNER AMPER LLP Service code 10 · EIN 87-1363769	Accounting	$19,950
DELAWARE VALLEY RETIREMENT, INC.9+ years Service code 14 · EIN 20-2055473	Plan Administrator	$14,053
IRON-CO-FID-COMPREHENSIVE8 years Filed as: IRON-CO-FID Service code 26 · EIN 26-2409128	Advisory (Participants)	$7,552

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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$100K

$737 / participant

Recordkeeping$59K58.5%
Investment mgmt$8K7.5%
Contract admin$14K14.0%
Other / not subdivided$20K19.9%

% of EOY assets

0.601%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: EISNER AMPER LLP
Auditor EIN: 871363769
Audit fees: $19,950
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$98,104

$54,717+79.3%

$86,216+13.8%

$71,511+37.2%

Participation rate

98.5%

60.1%+38.4pp

69.0%+29.6pp

67.9%+30.6pp

Annual return

16.04%

20.07%-4.0pp

1169.42%-1153.4pp

28.86%-12.8pp

Employer contribution / active EE

$3,242

$1,267+155.9%

$2,382+36.1%

$2,589+25.2%

Participant deferral / active EE

$4,617

$3,110+48.5%

$3,986+15.8%

$4,291+7.6%

Admin fee / account holder

$589

$1,922-69.3%

$6,853-91.4%

$1,588-62.9%

Provider

Service type

Compensation

NATIONWIDE9+ years

Service code 15 · EIN 31-4156830

Recordkeeping

$58,631

EISNERAMPER LLP4 years

Filed as: EISNER AMPER LLP

Service code 10 · EIN 87-1363769

Accounting

$19,950

DELAWARE VALLEY RETIREMENT, INC.9+ years

Service code 14 · EIN 20-2055473

Plan Administrator

$14,053

IRON-CO-FID-COMPREHENSIVE8 years

Filed as: IRON-CO-FID

Service code 26 · EIN 26-2409128

Advisory (Participants)

$7,552

WILKIE LEXUS 401K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WILKIE LEXUS 401K PROFIT SHARING 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