Retirement plan

JAKE SWEENEY AUTOMOTIVE, INC. 401(K) PLAN

Name: JAKE SWEENEY AUTOMOTIVE, INC. - JAKE SWEENEY AUTOMOTIVE, INC. 401(K) PLAN (2024) Form 5500
Creator: JAKE SWEENEY AUTOMOTIVE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, JAKE SWEENEY AUTOMOTIVE, INC. 401(K) PLAN, JAKE SWEENEY AUTOMOTIVE, INC.

JAKE SWEENEY AUTOMOTIVE, INC.EIN 31-1232808Plan #333PY 2024

33 WEST KEMPER ROAD - CINCINNATI, OH 45246513-782-2800jakesweeney.comLinkedIn501-1000 employeesautomotive

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$26.9M

+2.8% from 2023

Total participants

579

+10.3% from 2023

Average account balance

$78,963

-3.0% from 2023

Annual return

13.39%

-6.56 pp from 2023

Benchmarks

See 262 peers

Peer group

Industry55 - Management of Companies and Enterprises

Plan typeDefined contribution

Participants250-999

Cohort262 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$26.93M

Not enough data

1 years with asset history on file

Average account balance

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

$79K

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.

341

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.

51.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.87M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+13.39%

Not enough data

1 years with return on file

Admin fee / account holder

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

$244

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 3 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$86,336
CREATIVE RETIREMENT SYSTEMS, INC.1 year Filed as: CREATIVE RETIREMENT SYSTEMS INC. Service code 13 25 MERCHANT ST STE 135 · CINCINNATI, OH 45246	Contract Administrator	$7,548
SCHNEIDER DOWNS & CO., INC.2 years Filed as: SCHNEIDER MALE & STRAKOWSKI CO EA Service code 13 P.O. BOX 128 · MIAMITOWN, OH 45041	Contract Administrator	$3,224

Plan features & details

Pension benefit codes2E2J2F2G2T3H3D

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.
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

2 tripped

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

$83K

$170 / participant

Investment mgmt$81K97.9%
Contract admin$2K2.1%

% of EOY assets

0.309%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MUNNINGHOFF, LANGE & COMPANY
Auditor EIN: 311070008
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$78,963

$89,588-11.9%

$133,698-40.9%

$77,762+1.5%

Participation rate

51.2%

74.3%-23.1pp

76.4%-25.2pp

70.6%-19.4pp

Annual return

13.39%

17.42%-4.0pp

580.90%-567.5pp

31.27%-17.9pp

Employer contribution / active EE

$3,491-100.0%

$4,218-100.0%

$2,728-100.0%

Participant deferral / active EE

$3,832

$5,592-31.5%

$7,016-45.4%

$4,651-17.6%

Admin fee / account holder

$244

$539-54.7%

$6,703-96.4%

$433-43.7%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$86,336

CREATIVE RETIREMENT SYSTEMS, INC.1 year

Filed as: CREATIVE RETIREMENT SYSTEMS INC.

Service code 13

25 MERCHANT ST STE 135 · CINCINNATI, OH 45246

Contract Administrator

$7,548

SCHNEIDER DOWNS & CO., INC.2 years

Filed as: SCHNEIDER MALE & STRAKOWSKI CO EA

Service code 13

P.O. BOX 128 · MIAMITOWN, OH 45041

Contract Administrator

$3,224

JAKE SWEENEY AUTOMOTIVE, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

JAKE SWEENEY AUTOMOTIVE, INC. 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