Retirement plan

MILLS AUTO GROUP EMPLOYEES' PROFIT SHARING 401(K) PLAN

Name: MILLS AUTOMOTIVE GROUP, INC. - MILLS AUTO GROUP EMPLOYEES' PROFIT SHARING 401(K) PLAN (2022) Form 5500
Creator: MILLS AUTOMOTIVE GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MILLS AUTO GROUP EMPLOYEES' PROFIT SHARING 401(K) PLAN, MILLS AUTOMOTIVE GROUP, INC.

MILLS AUTOMOTIVE GROUP, INC.EIN 26-1471946Plan #001PY 2022

14858 DELLWOOD DRIVE - BAXTER, MN 56425218-825-3581millsauto.comLinkedIn201-500 employeesautomotive

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$11.4M

-20.0% from 2021

Total participants

396

+0.8% from 2021

Average account balance

$31,167

-19.6% from 2021

Annual return

-17.31%

-30.74 pp from 2021

Benchmarks

See 1,277 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort1,277 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.61M

Not enough data

1 years with asset history on file

Average account balance

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

$37K

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.

370

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.

91.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$838K

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

+12.86%

Not enough data

1 years with return on file

Admin fee / account holder

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

$173

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 3 by compensation

Provider	Service type	Compensation
AMERICAN UNITED LIFE INSURANCE CO8+ years Filed as: ONEAMERICA RETIREMENT SERVICES, LLC Service code 15 · EIN 46-5378846	Recordkeeping	$48,601
WIPFLI LLP3 years Filed as: WIPFLI, LLP Service code 10 · EIN 39-0758449	Accounting	$15,000
MATRIX TRUST COMPANY2 years Service code 19 · EIN 75-3182674	Securities Custodian	$0

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D3H

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$64K

$214 / participant

Investment mgmt$15K23.6%
Other / not subdivided$49K76.4%

% of EOY assets

0.559%

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: WIPFLI LLP
Auditor EIN: 390758449
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$31,167

$42,367-26.4%

$79,576-60.8%

$64,814-51.9%

Participation rate

89.6%

64.7%+24.8pp

69.5%+20.1pp

71.5%+18.1pp

Annual return

-17.31%

-12.23%-5.1pp

0.15%-17.5pp

32.84%-50.1pp

Employer contribution / active EE

$380

$1,181-67.8%

$2,413-84.3%

$2,507-84.9%

Participant deferral / active EE

$2,417

$3,170-23.8%

$3,985-39.4%

$4,310-43.9%

Admin fee / account holder

$174

$160+9.2%

$6,834-97.5%

$188-7.2%

Provider

Service type

Compensation

AMERICAN UNITED LIFE INSURANCE CO8+ years

Filed as: ONEAMERICA RETIREMENT SERVICES, LLC

Service code 15 · EIN 46-5378846

Recordkeeping

$48,601

WIPFLI LLP3 years

Filed as: WIPFLI, LLP

Service code 10 · EIN 39-0758449

Accounting

$15,000

MATRIX TRUST COMPANY2 years

Service code 19 · EIN 75-3182674

Securities Custodian

MILLS AUTO GROUP EMPLOYEES' PROFIT SHARING 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MILLS AUTO GROUP EMPLOYEES' PROFIT SHARING 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