Retirement plan

COURTESY MOTOR SALES, INC. 401(K) PLAN

Name: COURTESY MOTOR SALES, INC. - COURTESY MOTOR SALES, INC. 401(K) PLAN (2020) Form 5500
Creator: COURTESY MOTOR SALES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, COURTESY MOTOR SALES, INC. 401(K) PLAN, COURTESY MOTOR SALES, INC.

COURTESY MOTOR SALES, INC.EIN 25-1211152Plan #001PY 2020

3100 PLEASANT VALLEY BLVD. - ALTOONA, PA 16602814-942-9000courtesymotorsales.comLinkedIn51-200 employeesautomotive

Prospect flagsLow participationLow assets / participantLow employer contribution

How to read this page

Total assets (EOY)

$1.2M

+17.4% from 2019

Total participants

106

-0.9% from 2019

Average account balance

$20,428

+25.1% from 2019

Annual return

13.39%

-5.17 pp from 2019

Benchmarks

See 9,302 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort9,302 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.16M

Not enough data

1 years with asset history on file

Average account balance

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

$38K

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.

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.

57.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$288K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+18.07%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2232

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 3 by compensation

Provider	Service type	Compensation
AMERICAN FUNDS6+ years Filed as: CAPITAL RESEARCH & MANAGEMENT CO. Service code 15 · EIN 95-1411037 5300 ROBIN HOOD RD. · NORFOLK, VA 23513	Recordkeeping	$675
AMERIPRISE FINANCIAL SERVICES INC2 years Filed as: AMERIPRISE FINANCIAL SERVICES, INC. Service code 27 · EIN 41-1667086 70100 AMERIPRISE FINANCIAL CENTER · MINNEAPOLIS, MN 55474	Advisory (Plan)	$0
TRIDENT RETIREMENT SERVICES, LLC5+ years Service code 65 · EIN 27-3456006 1402 S. ATHERTON ST., STE. 101 · STATE COLLEGE, PA 16801	Account Maintenance	$0

Plan features & details

Pension benefit codes2A2E2J2K2F2G3D3H

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$675

$8 / participant

Other / not subdivided$675100.0%

% of EOY assets

0.054%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

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: YOUNG, OAKES & BROWN CO, PC
Auditor EIN: 251589048
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$20,428

$65,041-68.6%

$90,965-77.5%

$79,858-74.4%

Participation rate

50.0%

61.6%-11.6pp

69.0%-19.0pp

69.6%-19.6pp

Annual return

13.39%

30.45%-17.1pp

134.57%-121.2pp

31.72%-18.3pp

Employer contribution / active EE

$123

$1,247-90.1%

$2,122-94.2%

$2,471-95.0%

Participant deferral / active EE

$1,218

$2,512-51.5%

$3,373-63.9%

$3,740-67.4%

Admin fee / account holder

$11

$4,536-99.8%

$5,960-99.8%

$5,306-99.8%

Provider

Service type

Compensation

AMERICAN FUNDS6+ years

Filed as: CAPITAL RESEARCH & MANAGEMENT CO.

Service code 15 · EIN 95-1411037

5300 ROBIN HOOD RD. · NORFOLK, VA 23513

Recordkeeping

$675

AMERIPRISE FINANCIAL SERVICES INC2 years

Filed as: AMERIPRISE FINANCIAL SERVICES, INC.

Service code 27 · EIN 41-1667086

70100 AMERIPRISE FINANCIAL CENTER · MINNEAPOLIS, MN 55474

Advisory (Plan)

TRIDENT RETIREMENT SERVICES, LLC5+ years

Service code 65 · EIN 27-3456006

1402 S. ATHERTON ST., STE. 101 · STATE COLLEGE, PA 16801

Account Maintenance

COURTESY MOTOR SALES, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

COURTESY MOTOR SALES, INC. 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