Retirement plan

JEFF SCHMITT AUTO GROUP, INC. 401K PLAN

Name: JEFF SCHMITT AUTO GROUP, INC. - JEFF SCHMITT AUTO GROUP, INC. 401K PLAN (2023) Form 5500
Creator: JEFF SCHMITT AUTO GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, JEFF SCHMITT AUTO GROUP, INC. 401K PLAN, JEFF SCHMITT AUTO GROUP, INC.

JEFF SCHMITT AUTO GROUP, INC.EIN 31-0515803Plan #002PY 2023

PO BOX 152 - FAIRBORN, OH 45324937-878-3471jeffdeals.comLinkedIn201-500 employeesautomotive

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$7.2M

+13.0% from 2022

Total participants

333

+2.1% from 2022

Average account balance

$49,362

+0.6% from 2022

Annual return

17.31%

+33.86 pp from 2022

Benchmarks

See 1,316 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort1,316 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.50M

Not enough data

1 years with asset history on file

Average account balance

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

$56K

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.

151

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.

43.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$852K

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

+12.83%

Not enough data

1 years with return on file

Admin fee / account holder

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

$266

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 2 by compensation

Provider	Service type	Compensation
EDWARD JONES5 years Service code 27 12555 MANCHESTER RD · ST. LOUIS, MO 63131	Advisory (Plan)	$23,571
DYNAMIC PENSION SERVICES, INC.2 years Service code 13 · EIN 31-1585572 2176 HEWITT AVENUE, SUITE A · KETTERING, OH 45440	Contract Administrator	$13,318

Plan features & details

Pension benefit codes2F2J2K3D3H

Plan features

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).
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

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$37K

$120 / participant

Contract admin$37K100.0%

% of EOY assets

0.519%

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: BRADY WARE & SCHOENFELD, INC.
Auditor EIN: 351476702
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$49,362

$53,165-7.2%

$86,216-42.7%

$74,460-33.7%

Participation rate

40.3%

64.9%-24.6pp

69.0%-28.7pp

70.7%-30.5pp

Annual return

17.31%

22.64%-5.3pp

1169.42%-1152.1pp

34.38%-17.1pp

Employer contribution / active EE

$424

$1,210-65.0%

$2,382-82.2%

$2,638-83.9%

Participant deferral / active EE

$2,435

$3,234-24.7%

$3,986-38.9%

$4,530-46.2%

Admin fee / account holder

$256

$551-53.5%

$6,853-96.3%

$348-26.3%

Provider

Service type

Compensation

EDWARD JONES5 years

Service code 27

12555 MANCHESTER RD · ST. LOUIS, MO 63131

Advisory (Plan)

$23,571

DYNAMIC PENSION SERVICES, INC.2 years

Service code 13 · EIN 31-1585572

2176 HEWITT AVENUE, SUITE A · KETTERING, OH 45440

Contract Administrator

$13,318

JEFF SCHMITT AUTO GROUP, INC. 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

JEFF SCHMITT AUTO GROUP, INC. 401K 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