Retirement plan

MARTIN DEALERSHIPS, INC. 401(K) SAVINGS PLAN

Name: SCOTT IMPORTS, INC. - MARTIN DEALERSHIPS, INC. 401(K) SAVINGS PLAN (2024) Form 5500
Creator: SCOTT IMPORTS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MARTIN DEALERSHIPS, INC. 401(K) SAVINGS PLAN, SCOTT IMPORTS, INC.

SCOTT IMPORTS, INC.EIN 23-2665466Plan #001PY 2024

123 E. LANCASTER AVENUE - ARDMORE, PA 19003610-649-5600

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$14.9M

+11.9% from 2023

Total participants

370

-2.1% from 2023

Average account balance

$81,712

-1.0% from 2023

Annual return

16.77%

-2.75 pp from 2023

Benchmarks

See 1,307 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort1,307 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$14.87M

Not enough data

1 years with asset history on file

Average account balance

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

$82K

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.

182

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.

37.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$691K

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

+16.77%

Not enough data

1 years with return on file

Admin fee / account holder

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

$209

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 5 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.4 years Filed as: MML INVESTORS SERVICES, LLC Service code 20 PO BOX 8089 · BOSTON, MA 02266	Trustee (individual)	$6,951
DELAWARE VALLEY RETIREMENT, INC.10+ years Service code 15 · EIN 20-2055473 21 W CHESTER PIKE · RIDLEY PARK, PA 19078	Recordkeeping	$4,175
NATIONWIDE10+ years Service code 15 · EIN 31-4177100 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$761
SUNTRUST BANKS, INC.1 year Filed as: SCOTT LUSTGARTEN Service code 15 123 E. LANCASTER AVE · ARDMORE, PA 190032303	Recordkeeping	$322
INDEX CORE - PASSIVE THROUGH TARGET1 year Service code 20 · EIN 26-2409128 5440 W 110TH ST · SHAWNEE MISSION, KS 66211	Trustee (individual); Trustee (bank, ...	$53

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

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.
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

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$38K

$127 / participant

Contract admin$38K100.0%

% of EOY assets

0.256%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PENSION ASSURANCE LLP
Auditor EIN: 300840934
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$81,712

$54,213+50.7%

$93,696-12.8%

$77,736+5.1%

Participation rate

37.3%

64.0%-26.6pp

68.7%-31.4pp

70.6%-33.3pp

Annual return

16.77%

30.55%-13.8pp

133.74%-117.0pp

31.26%-14.5pp

Employer contribution / active EE

$1,168-100.0%

$2,422-100.0%

$2,728-100.0%

Participant deferral / active EE

$2,303

$3,145-26.8%

$4,417-47.8%

$4,651-50.5%

Admin fee / account holder

$209

$575-63.6%

$8,287-97.5%

$433-51.7%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.4 years

Filed as: MML INVESTORS SERVICES, LLC

Service code 20

PO BOX 8089 · BOSTON, MA 02266

Trustee (individual)

$6,951

DELAWARE VALLEY RETIREMENT, INC.10+ years

Service code 15 · EIN 20-2055473

21 W CHESTER PIKE · RIDLEY PARK, PA 19078

Recordkeeping

$4,175

NATIONWIDE10+ years

Service code 15 · EIN 31-4177100

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$761

SUNTRUST BANKS, INC.1 year

Filed as: SCOTT LUSTGARTEN

Service code 15

123 E. LANCASTER AVE · ARDMORE, PA 190032303

Recordkeeping

$322

INDEX CORE - PASSIVE THROUGH TARGET1 year

Service code 20 · EIN 26-2409128

5440 W 110TH ST · SHAWNEE MISSION, KS 66211

Trustee (individual); Trustee (bank, ...

$53

MARTIN DEALERSHIPS, INC. 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MARTIN DEALERSHIPS, INC. 401(K) 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