Retirement plan

MARTIN DEALERSHIPS, INC. 401K SAVINGS PLAN

Name: SCOTT IMPORTS, INC. - MARTIN DEALERSHIPS, INC. 401K SAVINGS PLAN (2016) Form 5500
Creator: SCOTT IMPORTS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MARTIN DEALERSHIPS, INC. 401K SAVINGS PLAN, SCOTT IMPORTS, INC.

SCOTT IMPORTS, INC.EIN 23-2665466Plan #001PY 2016

123 E. LANCASTER AVENUE - ARDMORE, PA 19003610-649-5601

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$6.5M

+5.4% from 2015

Total participants

333

+1.8% from 2015

Average account balance

$48,395

+4.6% from 2015

Annual return

7.22%

+7.59 pp from 2015

Benchmarks

See 1,184 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort1,184 peers

Snapshot2016

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 2 by compensation

Provider	Service type	Compensation
NATIONWIDE2+ years Service code 15 · EIN 31-4156830	Recordkeeping	$29,265
DELAWARE VALLEY RETIREMENT, INC.2+ years Service code 15 · EIN 20-2055473	Recordkeeping	$11,095

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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

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: CROWE HORWATH LLP
Auditor EIN: 350921680
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$48,395

$37,044+30.6%

$71,796-32.6%

$57,658-16.1%

Participation rate

33.3%

61.1%-27.8pp

69.1%-35.8pp

70.2%-36.9pp

Annual return

7.22%

12.64%-5.4pp

78.04%-70.8pp

5.13%+2.1pp

Employer contribution / active EE

$720-100.0%

$1,924-100.0%

$1,974-100.0%

Participant deferral / active EE

$1,354

$1,974-31.4%

$2,794-51.6%

$3,061-55.8%

Admin fee / account holder

$101-100.0%

$4,815-100.0%

$95-100.0%

Provider

Service type

Compensation

NATIONWIDE2+ years

Service code 15 · EIN 31-4156830

Recordkeeping

$29,265

DELAWARE VALLEY RETIREMENT, INC.2+ years

Service code 15 · EIN 20-2055473

Recordkeeping

$11,095

MARTIN DEALERSHIPS, INC. 401K SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

MARTIN DEALERSHIPS, INC. 401K SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion