Retirement plan

THE WHITE FAMILY COMPANIES, INC. RETIREMENT SAVINGS PLAN

Name: THE WHITE FAMILY COMPANIES, INC. - THE WHITE FAMILY COMPANIES, INC. RETIREMENT SAVINGS PLAN (2023) Form 5500
Creator: THE WHITE FAMILY COMPANIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE WHITE FAMILY COMPANIES, INC. RETIREMENT SAVINGS PLAN, THE WHITE FAMILY COMPANIES, INC.

THE WHITE FAMILY COMPANIES, INC.EIN 31-4446316Plan #002PY 2023

2 RIVERPLACE, STE 444 - DAYTON, OH 45405937-220-6394whitecars.comLinkedIn501-1000 employeesautomotive

Prospect flagsHigh feesLow participationCorrective distributions

How to read this page

Total assets (EOY)

$45.7M

+17.1% from 2022

Total participants

796

+4.9% from 2022

Average account balance

$106,686

+18.2% from 2022

Annual return

15.56%

+33.37 pp from 2022

Benchmarks

See 1,316 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort1,316 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$53.05M

Not enough data

1 years with asset history on file

Average account balance

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

$118K

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.

448

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.

53.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.78M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+14.38%

Not enough data

1 years with return on file

Admin fee / account holder

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

$350

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 4 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS4 years Service code 15 · EIN 13-3689044	Recordkeeping	$66,098
MORGAN STANLEY SMITH BARNEY1 year Filed as: MORGAN STANLEY Service code 27 · EIN 26-4310632	Advisory (Plan)	$60,964
CREATIVE RETIREMENT SYSTEMS, INC.4 years Service code 15 · EIN 31-1299207	Recordkeeping	$18,385
SCHNEIDER DOWNS & CO., INC.1 year Filed as: SCHNEIDER DOWNS Service code 10 · EIN 25-1408703	Accounting	$15,005

Plan features & details

Pension benefit codes2E2J2K2F2G3D3H2T

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$166K

$223 / participant

Recordkeeping$66K39.9%
Investment mgmt$61K36.8%
Contract admin$17K10.4%
Other / not subdivided$21K12.9%

% of EOY assets

0.363%

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: SCHNEIDER DOWNS & CO., INC.
Auditor EIN: 251408703
Audit fees: $15,005
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$106,686

$53,165+100.7%

$86,235+23.7%

$74,473+43.3%

Participation rate

50.5%

64.9%-14.4pp

69.0%-18.5pp

70.7%-20.3pp

Annual return

15.56%

22.64%-7.1pp

1170.03%-1154.5pp

34.36%-18.8pp

Employer contribution / active EE

$2,239

$1,210+85.0%

$2,381-6.0%

$2,638-15.2%

Participant deferral / active EE

$4,241

$3,234+31.1%

$3,987+6.4%

$4,530-6.4%

Admin fee / account holder

$387

$551-29.8%

$6,856-94.4%

$347+11.6%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS4 years

Service code 15 · EIN 13-3689044

Recordkeeping

$66,098

MORGAN STANLEY SMITH BARNEY1 year

Filed as: MORGAN STANLEY

Service code 27 · EIN 26-4310632

Advisory (Plan)

$60,964

CREATIVE RETIREMENT SYSTEMS, INC.4 years

Service code 15 · EIN 31-1299207

Recordkeeping

$18,385

SCHNEIDER DOWNS & CO., INC.1 year

Filed as: SCHNEIDER DOWNS

Service code 10 · EIN 25-1408703

Accounting

$15,005

THE WHITE FAMILY COMPANIES, INC. RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE WHITE FAMILY COMPANIES, INC. RETIREMENT SAVINGS 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