Retirement plan

THE STERLING BMW RETIREMENT SAVINGS PLAN

Name: STERLING MOTORS, LTD, DBA STERLING BMW - THE STERLING BMW RETIREMENT SAVINGS PLAN (2024) Form 5500
Creator: STERLING MOTORS, LTD, DBA STERLING BMW
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE STERLING BMW RETIREMENT SAVINGS PLAN, STERLING MOTORS, LTD, DBA STERLING BMW

STERLING MOTORS, LTD, DBA STERLING BMWEIN 33-0120479Plan #001PY 2024

3000 WEST COAST HWY - NEWPORT BEACH, CA 92663949-645-5900LinkedIn51-200 employeesretail

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$3.4M

+16.0% from 2023

Total participants

120

+1.7% from 2023

Average account balance

$29,130

+2.1% from 2023

Annual return

10.27%

-9.06 pp from 2023

Benchmarks

See 9,339 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort9,339 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.41M

Not enough data

1 years with asset history on file

Average account balance

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

$29K

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.

117

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.

96.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$365K

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

+10.27%

Not enough data

1 years with return on file

Admin fee / account holder

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

$146

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 1 by compensation

Provider	Service type	Compensation
RELIANCE TRUST COMPANY3 years Service code 15 · EIN 33-0120479 1100 ABERNATHY RD NE · ATLANTA, GA 30328	Recordkeeping	$14,466

Plan features & details

Pension benefit codes2F2G2J2T3D

Plan features

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.
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.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$17K

$180 / participant

Contract admin$17K100.0%

% of EOY assets

0.502%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$29,130

$71,197-59.1%

$93,669-68.9%

$80,925-64.0%

Participation rate

96.8%

60.4%+36.4pp

68.7%+28.1pp

67.7%+29.2pp

Annual return

10.27%

11.27%-1.0pp

133.59%-123.3pp

35.65%-25.4pp

Employer contribution / active EE

$1,565-100.0%

$2,424-100.0%

$2,756-100.0%

Participant deferral / active EE

$3,844

$4,036-4.8%

$4,416-13.0%

$4,299-10.6%

Admin fee / account holder

$146

$6,959-97.9%

$8,291-98.2%

$6,940-97.9%

Provider

Service type

Compensation

RELIANCE TRUST COMPANY3 years

Service code 15 · EIN 33-0120479

1100 ABERNATHY RD NE · ATLANTA, GA 30328

Recordkeeping

$14,466

THE STERLING BMW RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE STERLING BMW 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