Retirement plan

INGERSOLL AUTO OF DANBURY 401(K) PLAN

Name: BG OF DANBURY LLC DBA INGERSOLL AUTO OF DANBURY - INGERSOLL AUTO OF DANBURY 401(K) PLAN (2020) Form 5500
Creator: BG OF DANBURY LLC DBA INGERSOLL AUTO OF DANBURY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INGERSOLL AUTO OF DANBURY 401(K) PLAN, BG OF DANBURY LLC DBA INGERSOLL AUTO OF DANBURY

BG OF DANBURY LLC DBA INGERSOLL AUTO OF DANBURYEIN 27-1291806Plan #001PY 2020

84 FEDERAL ROAD - DANBURY, CT 06810203-730-5764LinkedIn51-200 employeesretail

Prospect flagsLow returnsFailed to transmit contributions

How to read this page

Total assets (EOY)

$10.7M

No prior year

Total participants

169

No prior year

Average account balance

$69,355

No prior year

Annual return

10.20%

No prior year

Benchmarks

See 2,198 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,198 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$15.44M

Not enough data

1 years with asset history on file

Average account balance

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

$86K

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.

179

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.

76.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.30M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+11.80%

Not enough data

1 years with return on file

Admin fee / account holder

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

$409

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 6 by compensation

Provider	Service type	Compensation
COMMONWEALTH FINANCIAL NETWORK1+ years Service code 27 · EIN 04-2675571	Advisory (Plan)	$18,024
KVLSM LLP1+ years Service code 10 · EIN 27-1329764	Accounting	$10,500
T R PAUL INC.1+ years Service code 13 · EIN 06-0906361	Contract Administrator	$7,202
LINCOLN NATIONAL CORPORATION1+ years Service code 13 · EIN 35-0472300	Contract Administrator	$4,951
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290	Contract Administrator	$4,228
WILSHIRE ASSOCIATES INCORPORATED1+ years Service code 27	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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.

Opportunity flags

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$26K

$206 / participant

Investment mgmt$6K24.2%
Other / not subdivided$20K75.8%

% of EOY assets

0.247%

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: KVLSM LLP
Auditor EIN: 271329764
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$69,355

$54,573+27.1%

$90,970-23.8%

$73,497-5.6%

Participation rate

88.3%

61.2%+27.1pp

69.0%+19.3pp

70.7%+17.6pp

Annual return

10.20%

16.69%-6.5pp

134.60%-124.4pp

28.51%-18.3pp

Employer contribution / active EE

$435

$991-56.2%

$2,122-79.5%

$2,270-80.9%

Participant deferral / active EE

$5,661

$2,517+124.9%

$3,373+67.9%

$3,740+51.4%

Admin fee / account holder

$171

$521-67.2%

$5,961-97.1%

$513-66.6%

Provider

Service type

Compensation

COMMONWEALTH FINANCIAL NETWORK1+ years

Service code 27 · EIN 04-2675571

Advisory (Plan)

$18,024

KVLSM LLP1+ years

Service code 10 · EIN 27-1329764

Accounting

$10,500

T R PAUL INC.1+ years

Service code 13 · EIN 06-0906361

Contract Administrator

$7,202

LINCOLN NATIONAL CORPORATION1+ years

Service code 13 · EIN 35-0472300

Contract Administrator

$4,951

PRINCIPAL LIFE INSURANCE COMPANY1+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$4,228

WILSHIRE ASSOCIATES INCORPORATED1+ years

Service code 27

Advisory (Plan)

INGERSOLL AUTO OF DANBURY 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INGERSOLL AUTO OF DANBURY 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