Retirement plan

JAKE SWEENEY AUTOMOTIVE, INC. 401(K) PLAN

Name: JAKE SWEENEY AUTOMOTIVE, INC. - JAKE SWEENEY AUTOMOTIVE, INC. 401(K) PLAN (2021) 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 2021

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

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$27.6M

+13.2% from 2020

Total participants

323

+3.2% from 2020

Average account balance

$95,334

+14.4% from 2020

Annual return

13.23%

-4.07 pp from 2020

Benchmarks

See 252 peers

Peer group

Industry55 - Management of Companies and Enterprises

Plan typeDefined contribution

Participants250-999

Cohort252 peers

Snapshot2021

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$117K

$380 / participant

Other / not subdivided$117K100.0%

% of EOY assets

0.424%

all-in expense ratio

Categories reported

0 / 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

$95,334

$89,904+6.0%

$453,569-79.0%

$86,821+9.8%

Participation rate

88.9%

75.7%+13.2pp

78.0%+10.9pp

72.3%+16.6pp

Annual return

13.23%

19.72%-6.5pp

64.43%-51.2pp

97.94%-84.7pp

Employer contribution / active EE

$3,279-100.0%

$4,072-100.0%

$2,406-100.0%

Participant deferral / active EE

$6,534

$5,114+27.8%

$6,211+5.2%

$4,132+58.1%

Admin fee / account holder

$404

$156+159.6%

$11,214-96.4%

$170+138.3%

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