Retirement plan

BOBS MOTOR WORKS LIMITED LIABI 401(K) PROFIT SHARING PLAN & TRUST

Name: BOBS MOTOR WORKS LIMITED LIABI - BOBS MOTOR WORKS LIMITED LIABI 401(K) PROFIT SHARING PLAN & TRUST (2023) Form 5500
Creator: BOBS MOTOR WORKS LIMITED LIABI
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BOBS MOTOR WORKS LIMITED LIABI 401(K) PROFIT SHARING PLAN & TRUST, BOBS MOTOR WORKS LIMITED LIABI

BOBS MOTOR WORKS LIMITED LIABIEIN 27-1850248Plan #001PY 2023

961 STATE ROUTE - ATLANTIC HIGHLANDS, NJ 07716732-471-7505

Prospect flagsLow participationLow employer contribution

How to read this page

Total assets (EOY)

$10K

+41.1% from 2022

Total participants

0.0% from 2022

Average account balance

$10,044

+41.1% from 2022

Annual return

13.03%

+31.89 pp from 2022

Benchmarks

See 1,531 peers

Peer group

Industry49 - Transportation and Warehousing

Plan typeDefined contribution

Participants<25

Cohort1,531 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13K

Not enough data

1 years with asset history on file

Average account balance

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

$13K

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.

50.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+9.79%

Not enough data

1 years with return on file

Admin fee / account holder

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

$186

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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 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.

Expense breakdown

Schedule H Part II

Admin total

$130

$65 / participant

Other / not subdivided$130100.0%

% of EOY assets

1.294%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$10,044

$116,360-91.4%

$65,566-84.7%

$139,466-92.8%

Participation rate

50.0%

67.8%-17.8pp

64.9%-14.9pp

80.3%-30.3pp

Annual return

13.03%

31.23%-18.2pp

47.40%-34.4pp

373.66%-360.6pp

Employer contribution / active EE

$2,600-100.0%

$1,692-100.0%

$4,754-100.0%

Participant deferral / active EE

$1,000

$4,242-76.4%

$2,832-64.7%

$6,712-85.1%

Admin fee / account holder

$130

$6,701-98.1%

$4,114-96.8%

$11,409-98.9%

BOBS MOTOR WORKS LIMITED LIABI 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BOBS MOTOR WORKS LIMITED LIABI 401(K) PROFIT SHARING PLAN & TRUST

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