Retirement plan

JAKE SWEENEY AUTOMOTIVE, INC. 401(K) PLAN

Name: JAKE SWEENEY AUTOMOTIVE, INC. - JAKE SWEENEY AUTOMOTIVE, INC. 401(K) PLAN (2019) 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 2019

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

Prospect flagsLow returnsLow participationLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$20.3M

+10.8% from 2018

Total participants

469

-2.7% from 2018

Average account balance

$81,335

+10.4% from 2018

Annual return

19.16%

+23.14 pp from 2018

Benchmarks

See 253 peers

Peer group

Industry55 - Management of Companies and Enterprises

Plan typeDefined contribution

Participants250-999

Cohort253 peers

Snapshot2019

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

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Service providers

Top 10 of 11 by compensation

Provider	Service type	Compensation
J. P. SCHLACHTER & ASSOCIATES, INC.5+ years Service code 13 · EIN 31-1436692	Contract Administrator	$26,960
KESTRA INVESTMENT SERVICES LLC4 years Filed as: KESTRA ADVISORY SERVICES, LLC Service code 27	Advisory (Plan)	$18,787
GLOBAL RETIREMENT PARTNERS LLC1 year Service code 27 · EIN 47-1411118	Advisory (Plan)	$9,544
MASSACHUSETTS MUTUAL LIFE INS. CO.5+ years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 52 · EIN 04-1590850	Indirect Investment Fees	$7,209
RAYMOND JAMES FINANCIAL SERVICES2 years Filed as: RAYMOND JAMES INSURANCE GROUP INC Service code 53	Insurance Commissions	$6,159
AMERICAN CENTURY3 years Service code 52 · EIN 43-1646043	Indirect Investment Fees	$0
AMERICAN FUNDS3 years Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
INVESCO3 years Service code 52 · EIN 13-2576643	Indirect Investment Fees	$0
KESTRA INVESTMENT SERVICES LLC1 year Filed as: KESTRA ADVISORY SERVICES LLC Service code 27 · EIN 35-2552359	Advisory (Plan)	$0
LEGG MASON3 years Service code 52 · EIN 95-2705767	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2F2G2J2R3H

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

4 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.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$34K

$87 / participant

Investment mgmt$10K27.8%
Contract admin$25K72.2%

% of EOY assets

0.169%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$81,335

$75,419+7.8%

$392,568-79.3%

$67,582+20.4%

Participation rate

44.4%

74.8%-30.4pp

78.1%-33.6pp

71.3%-26.9pp

Annual return

19.16%

36.70%-17.5pp

24.42%-5.3pp

378.57%-359.4pp

Employer contribution / active EE

$2,636-100.0%

$3,783-100.0%

$2,148-100.0%

Participant deferral / active EE

$2,907

$4,347-33.1%

$5,985-51.4%

$3,539-17.9%

Admin fee / account holder

$137

$114+20.7%

$6,260-97.8%

$142-3.4%

Provider

Service type

Compensation

J. P. SCHLACHTER & ASSOCIATES, INC.5+ years

Service code 13 · EIN 31-1436692

Contract Administrator

$26,960

KESTRA INVESTMENT SERVICES LLC4 years

Filed as: KESTRA ADVISORY SERVICES, LLC

Service code 27

Advisory (Plan)

$18,787

GLOBAL RETIREMENT PARTNERS LLC1 year

Service code 27 · EIN 47-1411118

Advisory (Plan)

$9,544

MASSACHUSETTS MUTUAL LIFE INS. CO.5+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$7,209

RAYMOND JAMES FINANCIAL SERVICES2 years

Filed as: RAYMOND JAMES INSURANCE GROUP INC

Service code 53

Insurance Commissions

$6,159

AMERICAN CENTURY3 years

Service code 52 · EIN 43-1646043

Indirect Investment Fees

AMERICAN FUNDS3 years

Service code 52 · EIN 95-1411037

Indirect Investment Fees

INVESCO3 years

Service code 52 · EIN 13-2576643

Indirect Investment Fees

KESTRA INVESTMENT SERVICES LLC1 year

Filed as: KESTRA ADVISORY SERVICES LLC

Service code 27 · EIN 35-2552359

Advisory (Plan)

LEGG MASON3 years

Service code 52 · EIN 95-2705767

Indirect Investment Fees

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