Retirement plan

KRIEGER FORD, INC NADART SALARY DEF 401K PLAN

Name: KRIEGER FORD, INC - KRIEGER FORD, INC NADART SALARY DEF 401K PLAN (2016) Form 5500
Creator: KRIEGER FORD, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KRIEGER FORD, INC NADART SALARY DEF 401K PLAN, KRIEGER FORD, INC

KRIEGER FORD, INCEIN 31-0713133Plan #001PY 2016

1800 MORSE RD - COLUMBUS, OH 432296604866-676-2871kriegerford.comLinkedIn51-200 employeesautomotive

Prospect flagsHigh feesLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$8.3M

+2.5% from 2015

Total participants

111

-0.9% from 2015

Average account balance

$83,347

-1.7% from 2015

Annual return

6.96%

+8.61 pp from 2015

Benchmarks

See 134 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Cohort134 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.08M

Not enough data

1 years with asset history on file

Average account balance

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

$84K

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.

110.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$404K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+11.13%

Not enough data

1 years with return on file

Admin fee / account holder

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

$20504

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

Top 4 by compensation

Provider	Service type	Compensation
NATIONWIDE2+ years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$70,056
EDWARD JONES2+ years Filed as: EDWARD D.A. SOMMER Service code 27 300 WEST WILSON BRIDGE ROAD · WORTHINGTON, OH 43085	Advisory (Plan)	$7,566
INVEST FINANCIAL CORPORATION2+ years Filed as: INVEST FIN CORY INS AGY Service code 52 5555 GRANDE MARKET DRIVE · APPLETON, WI 54913	Indirect Investment Fees	$0
INVEST FINANCIAL CORPORATION2+ years Service code 52 5555 GRANDE MARKET DRIVE · APPLETON, WI 54913	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2J3D2K2F2G2T

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

3 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.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$78K

$784 / participant

Investment mgmt$8K9.7%
Contract admin$70K90.3%

% of EOY assets

0.941%

all-in expense ratio

Categories reported

2 / 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: CROWE HORWATH LLP
Auditor EIN: 350921680
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$83,347

$64,739+28.7%

$71,796+16.1%

Participation rate

87.9%

64.9%+23.0pp

69.1%+18.8pp

Annual return

6.96%

2.75%+4.2pp

78.04%-71.1pp

Employer contribution / active EE

$523

$927-43.6%

$1,924-72.8%

Participant deferral / active EE

$3,445

$1,955+76.2%

$2,794+23.3%

Admin fee / account holder

$784

$2,577-69.6%

$4,815-83.7%

Provider

Service type

Compensation

NATIONWIDE2+ years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$70,056

EDWARD JONES2+ years

Filed as: EDWARD D.A. SOMMER

Service code 27

300 WEST WILSON BRIDGE ROAD · WORTHINGTON, OH 43085

Advisory (Plan)

$7,566

INVEST FINANCIAL CORPORATION2+ years

Filed as: INVEST FIN CORY INS AGY

Service code 52

5555 GRANDE MARKET DRIVE · APPLETON, WI 54913

Indirect Investment Fees

INVEST FINANCIAL CORPORATION2+ years

Service code 52

5555 GRANDE MARKET DRIVE · APPLETON, WI 54913

Indirect Investment Fees

KRIEGER FORD, INC NADART SALARY DEF 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KRIEGER FORD, INC NADART SALARY DEF 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