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 (2021) 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 2021

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

Prospect flagsHigh feesLow employer contribution

How to read this page

Total assets (EOY)

$12.4M

+15.8% from 2020

Total participants

170

+0.6% from 2020

Average account balance

$76,805

+10.7% from 2020

Annual return

14.07%

+3.86 pp from 2020

Benchmarks

See 2,171 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,171 peers

Snapshot2021

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

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Service providers

Top 6 by compensation

Provider	Service type	Compensation
LINCOLN NATIONAL CORPORATION2+ years Service code 13 · EIN 35-0472300	Contract Administrator	$53,383
T R PAUL INC.2+ years Service code 13 · EIN 06-0906361	Contract Administrator	$18,201
COMMONWEALTH FINANCIAL NETWORK2+ years Service code 27 · EIN 04-2675571	Advisory (Plan)	$0
KVLSM LLP2+ years Service code 10 · EIN 27-1329764	Accounting	$0
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290	Contract Administrator	$0
WILSHIRE ASSOCIATES INCORPORATED2+ 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 employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$65K

$498 / participant

Contract admin$65K100.0%

% of EOY assets

0.524%

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

$76,805

$59,267+29.6%

$96,575-20.5%

$79,393-3.3%

Participation rate

93.1%

61.9%+31.2pp

69.8%+23.3pp

70.7%+22.4pp

Annual return

14.07%

27.08%-13.0pp

37.79%-23.7pp

116.87%-102.8pp

Employer contribution / active EE

$1,216-100.0%

$2,357-100.0%

$2,428-100.0%

Participant deferral / active EE

$6,818

$2,947+131.3%

$3,849+77.1%

$4,046+68.5%

Admin fee / account holder

$402

$659-38.9%

$6,182-93.5%

$627-35.8%

Provider

Service type

Compensation

LINCOLN NATIONAL CORPORATION2+ years

Service code 13 · EIN 35-0472300

Contract Administrator

$53,383

T R PAUL INC.2+ years

Service code 13 · EIN 06-0906361

Contract Administrator

$18,201

COMMONWEALTH FINANCIAL NETWORK2+ years

Service code 27 · EIN 04-2675571

Advisory (Plan)

KVLSM LLP2+ years

Service code 10 · EIN 27-1329764

Accounting

PRINCIPAL LIFE INSURANCE COMPANY2+ years

Service code 13 · EIN 42-0127290

Contract Administrator

WILSHIRE ASSOCIATES INCORPORATED2+ 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