Retirement plan

CELEBRITY MOTOR CARS LLC 401(K) PLAN

Name: CELEBRITY MOTOR CARS LLC - CELEBRITY MOTOR CARS LLC 401(K) PLAN (2016) Form 5500
Creator: CELEBRITY MOTOR CARS LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CELEBRITY MOTOR CARS LLC 401(K) PLAN, CELEBRITY MOTOR CARS LLC

CELEBRITY MOTOR CARS LLCEIN 26-1880398Plan #001PY 2016

130 ROUTE 10 WEST - WHIPPANY, NJ 07981973-538-9700celebritymotorcar.comLinkedIn501-1000 employeesautomotive

Prospect flagsLow employer contributionRecently reached 100 employeesCorrective distributions

How to read this page

Total assets (EOY)

$10.9M

+186.2% from 2015

Total participants

292

+122.9% from 2015

Average account balance

$49,628

-9.8% from 2015

Annual return

202.07%

+200.94 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

$26.36M

Not enough data

1 years with asset history on file

Average account balance

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

$105K

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.

252

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.

51.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.74M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+15.17%

Not enough data

1 years with return on file

Admin fee / account holder

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

$296

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
LINK MURREL & CHANG, LLP1 year Filed as: NY LINK INSURANCE AGENCY INC Service code 53	Insurance Commissions	$56,449
ASSOCIATED PENSION CONSULTANTS2+ years Service code 13 · EIN 11-3271022 6800 JERICHO TURNPIKE, SUITE 200W · SYOSSET, NY 11791	Contract Administrator	$18,638
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Filed as: MASSACHUSETTS MUTUAL LIFE INS Service code 52 · EIN 04-1590850	Indirect Investment Fees	$2,246
GREAT-WEST LIFE & ANNUITY INSURANCE2+ years Filed as: GREAT WEST LIFE & ANNUITY INSURANCE Service code 64 · EIN 84-0467907 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$488
NYLINK INSURANCE AGENCY INC1 year Filed as: NYLINK INSURANCE AGENCY Service code 53 · EIN 13-3929029	Insurance Commissions	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3D3H

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.
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 employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$3K

$10 / participant

Contract admin$3K100.0%

% of EOY assets

0.025%

all-in expense ratio

Categories reported

1 / 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: J. VELOCCI, CPA, LLC
Auditor EIN: 272628827
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$49,628

$37,044+34.0%

$71,796-30.9%

$57,658-13.9%

Participation rate

74.6%

61.1%+13.4pp

69.1%+5.5pp

70.2%+4.3pp

Annual return

202.07%

12.64%+189.4pp

78.04%+124.0pp

5.13%+196.9pp

Employer contribution / active EE

$138

$720-80.8%

$1,924-92.8%

$1,974-93.0%

Participant deferral / active EE

$1,931

$1,974-2.2%

$2,794-30.9%

$3,061-36.9%

Admin fee / account holder

$12

$101-87.6%

$4,815-99.7%

$95-86.8%

Provider

Service type

Compensation

LINK MURREL & CHANG, LLP1 year

Filed as: NY LINK INSURANCE AGENCY INC

Service code 53

Insurance Commissions

$56,449

ASSOCIATED PENSION CONSULTANTS2+ years

Service code 13 · EIN 11-3271022

6800 JERICHO TURNPIKE, SUITE 200W · SYOSSET, NY 11791

Contract Administrator

$18,638

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Filed as: MASSACHUSETTS MUTUAL LIFE INS

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$2,246

GREAT-WEST LIFE & ANNUITY INSURANCE2+ years

Filed as: GREAT WEST LIFE & ANNUITY INSURANCE

Service code 64 · EIN 84-0467907

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$488

NYLINK INSURANCE AGENCY INC1 year

Filed as: NYLINK INSURANCE AGENCY

Service code 53 · EIN 13-3929029

Insurance Commissions

CELEBRITY MOTOR CARS LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CELEBRITY MOTOR CARS LLC 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