Retirement plan

ASBURY AUTOMOTIVE RETIREMENT SAVINGS PLAN

Name: ASBURY AUTOMOTIVE GROUP LLC - ASBURY AUTOMOTIVE RETIREMENT SAVINGS PLAN (2017) Form 5500
Creator: ASBURY AUTOMOTIVE GROUP LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ASBURY AUTOMOTIVE RETIREMENT SAVINGS PLAN, ASBURY AUTOMOTIVE GROUP LLC

ASBURY AUTOMOTIVE GROUP LLCEIN 23-2790555Plan #001PY 2017

2905 PREMIERE PARKWAY, N.W., SUITE 300 - DULUTH, GA 30097770-418-8228asburyauto.comLinkedIn10001+ employeesautomotive

Prospect flagsLow participationFailed to provide benefit

How to read this page

Total assets (EOY)

$186.1M

-7.4% from 2016

Total participants

9,147

+6.3% from 2016

Average account balance

$26,998

+34.6% from 2016

Annual return

23.02%

-5.90 pp from 2016

Benchmarks

See 48 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants5,000-9,999

Cohort48 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$741.17M

Not enough data

1 years with asset history on file

Average account balance

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

$76K

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.

9,731

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.

49.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$79.78M

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

+31.56%

Not enough data

1 years with return on file

Admin fee / account holder

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

$-58

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
INVESTMENT RESEARCH & ADVISORY GROU3+ years Filed as: INVESTMENT RESEARCH Service code 27 · EIN 58-1989031	Advisory (Plan)	$30,000
FIDELITY INVESTMENTS INSTITUTIONAL3+ years Service code 37 · EIN 04-2647786	Loan Processing	-$49,752

Plan features & details

Pension benefit codes2G2J2K2T3H2F

Plan features

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.
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.
ComplianceFailed to provide benefit
Form 5500 reported that benefits due were not provided when due.

Expense breakdown

Schedule H Part II

Plan-level admin expenses are zero - fees are likely paid at the master-trust level rather than the individual plan.

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

$26,998

$37,026-27.1%

$78,775-65.7%

$177,276-84.8%

Participation rate

69.4%

54.2%+15.2pp

69.2%+0.2pp

74.8%-5.4pp

Annual return

23.02%

16.20%+6.8pp

35.62%-12.6pp

21.25%+1.8pp

Employer contribution / active EE

$402

$730-45.0%

$1,986-79.8%

$2,479-83.8%

Participant deferral / active EE

$2,243

$1,412+58.9%

$2,958-24.2%

$3,881-42.2%

Admin fee / account holder

-$3

$77-103.7%

$5,132-100.1%

$154-101.9%

Provider

Service type

Compensation

INVESTMENT RESEARCH & ADVISORY GROU3+ years

Filed as: INVESTMENT RESEARCH

Service code 27 · EIN 58-1989031

Advisory (Plan)

$30,000

FIDELITY INVESTMENTS INSTITUTIONAL3+ years

Service code 37 · EIN 04-2647786

Loan Processing

-$49,752

ASBURY AUTOMOTIVE RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ASBURY AUTOMOTIVE RETIREMENT 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