Retirement plan

JAKE SWEENEY AUTOMOTIVE, INC. 401(K) PLAN

Name: JAKE SWEENEY AUTOMOTIVE, INC. - JAKE SWEENEY AUTOMOTIVE, INC. 401(K) PLAN (2020) 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 2020

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

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$24.3M

+19.7% from 2019

Total participants

313

-33.3% from 2019

Average account balance

$83,358

+2.5% from 2019

Annual return

17.29%

-1.87 pp from 2019

Benchmarks

See 253 peers

Peer group

Industry55 - Management of Companies and Enterprises

Plan typeDefined contribution

Participants250-999

Cohort253 peers

Snapshot2020

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 12 by compensation

Provider	Service type	Compensation
GLOBAL RETIREMENT PARTNERS LLC2 years Service code 27 · EIN 47-1411118	Advisory (Plan)	$30,450
MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 52 · EIN 04-1590850	Indirect Investment Fees	$19,162
J. P. SCHLACHTER & ASSOCIATES, INC.1 year Filed as: J.P. SCHLACHTER & ASSOCIATES Service code 13 · EIN 31-1436692	Contract Administrator	$14,850
J. P. SCHLACHTER & ASSOCIATES, INC.1 year Filed as: J.P. SCHLACHTER & ASSOCIATES, INC. Service code 13	Contract Administrator	$10,094
RAYMOND JAMES FINANCIAL SERVICES3 years Filed as: RAYMOND JAMES INSURANCE GROUP INC Service code 53 · EIN 59-1199408	Insurance Commissions	$7,556
AMERICAN CENTURY4 years Service code 52 · EIN 43-1646043	Indirect Investment Fees	$0
AMERICAN FUNDS4 years Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
FIDELITY INVESTMENTS INSTITUTIONAL1 year Filed as: FIDELITY INVESTMENTS Service code 52 · EIN 04-3365630	Indirect Investment Fees	$0
INVESCO4 years Service code 52 · EIN 22-2725700	Indirect Investment Fees	$0
LEGG MASON4 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

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$64K

$227 / participant

Other / not subdivided$64K100.0%

% of EOY assets

0.265%

all-in expense ratio

Categories reported

0 / 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

$83,358

$82,093+1.5%

$379,746-78.0%

$73,412+13.5%

Participation rate

92.6%

76.8%+15.8pp

78.4%+14.2pp

72.2%+20.4pp

Annual return

17.29%

18.89%-1.6pp

34.90%-17.6pp

59.30%-42.0pp

Employer contribution / active EE

$2,847-100.0%

$3,540-100.0%

$2,234-100.0%

Participant deferral / active EE

$5,175

$4,697+10.2%

$6,024-14.1%

$3,806+36.0%

Admin fee / account holder

$221

$128+73.0%

$7,927-97.2%

$158+39.8%

Provider

Service type

Compensation

GLOBAL RETIREMENT PARTNERS LLC2 years

Service code 27 · EIN 47-1411118

Advisory (Plan)

$30,450

MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$19,162

J. P. SCHLACHTER & ASSOCIATES, INC.1 year

Filed as: J.P. SCHLACHTER & ASSOCIATES

Service code 13 · EIN 31-1436692

Contract Administrator

$14,850

J. P. SCHLACHTER & ASSOCIATES, INC.1 year

Filed as: J.P. SCHLACHTER & ASSOCIATES, INC.

Service code 13

Contract Administrator

$10,094

RAYMOND JAMES FINANCIAL SERVICES3 years

Filed as: RAYMOND JAMES INSURANCE GROUP INC

Service code 53 · EIN 59-1199408

Insurance Commissions

$7,556

AMERICAN CENTURY4 years

Service code 52 · EIN 43-1646043

Indirect Investment Fees

AMERICAN FUNDS4 years

Service code 52 · EIN 95-1411037

Indirect Investment Fees

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Filed as: FIDELITY INVESTMENTS

Service code 52 · EIN 04-3365630

Indirect Investment Fees

INVESCO4 years

Service code 52 · EIN 22-2725700

Indirect Investment Fees

LEGG MASON4 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