Retirement plan

JAKE SWEENEY AUTOMOTIVE, INC. 401(K) PLAN

Name: JAKE SWEENEY AUTOMOTIVE, INC. - JAKE SWEENEY AUTOMOTIVE, INC. 401(K) PLAN (2023) 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 2023

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)

$26.2M

+17.0% from 2022

Total participants

525

+7.4% from 2022

Average account balance

$81,369

+13.0% from 2022

Annual return

19.95%

+35.69 pp from 2022

Benchmarks

See 258 peers

Peer group

Industry55 - Management of Companies and Enterprises

Plan typeDefined contribution

Participants250-999

Cohort258 peers

Snapshot2023

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 5 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$74,453
SCHNEIDER DOWNS & CO., INC.1 year Filed as: SCHNEIDER MALE & STRAKOWSKI CO EA Service code 13 P.O. BOX 128 · MIAMITOWN, OH 45041	Contract Administrator	$13,210
GLOBAL RETIREMENT PARTNERS LLC5 years Service code 27 4340 REDWOOD HWY, SUTIE B60 · SAN RAFAEL, CA 94903	Advisory (Plan)	$7,144
JANNEY MONTGOMERY SCOTT LLC2 years Service code 55 1717 ARCH ST · PHILADELPHIA, PA 19103	Other Commissions	$1,364
MORGAN STANLEY SMITH BARNEY1 year Filed as: MORGAN STANLEY SMITH BARNEY LLC Service code 55 1 NEW YORK PLAZA, 12 FLOOR · NEW YORK, NY 10004	Other Commissions	$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

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

$74K

$150 / participant

Recordkeeping$46K62.2%
Investment mgmt$26K35.6%
Contract admin$2K2.2%

% of EOY assets

0.281%

all-in expense ratio

Categories reported

3 / 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

$81,369

$82,978-1.9%

$130,231-37.5%

$74,460+9.3%

Participation rate

58.7%

73.7%-14.9pp

76.3%-17.5pp

70.7%-12.0pp

Annual return

19.95%

123.05%-103.1pp

38.86%-18.9pp

34.38%-14.4pp

Employer contribution / active EE

$3,391-100.0%

$4,126-100.0%

$2,638-100.0%

Participant deferral / active EE

$4,039

$5,370-24.8%

$6,799-40.6%

$4,530-10.8%

Admin fee / account holder

$229

$354-35.3%

$6,020-96.2%

$348-34.1%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$74,453

SCHNEIDER DOWNS & CO., INC.1 year

Filed as: SCHNEIDER MALE & STRAKOWSKI CO EA

Service code 13

P.O. BOX 128 · MIAMITOWN, OH 45041

Contract Administrator

$13,210

GLOBAL RETIREMENT PARTNERS LLC5 years

Service code 27

4340 REDWOOD HWY, SUTIE B60 · SAN RAFAEL, CA 94903

Advisory (Plan)

$7,144

JANNEY MONTGOMERY SCOTT LLC2 years

Service code 55

1717 ARCH ST · PHILADELPHIA, PA 19103

Other Commissions

$1,364

MORGAN STANLEY SMITH BARNEY1 year

Filed as: MORGAN STANLEY SMITH BARNEY LLC

Service code 55

1 NEW YORK PLAZA, 12 FLOOR · NEW YORK, NY 10004

Other Commissions

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