Retirement plan

BLACK BEAR AUTOMOTIVE 401K PLAN

Name: BLACK BEAR AUTOMOTIVE - BLACK BEAR AUTOMOTIVE 401K PLAN (2024) Form 5500
Creator: BLACK BEAR AUTOMOTIVE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BLACK BEAR AUTOMOTIVE 401K PLAN, BLACK BEAR AUTOMOTIVE

BLACK BEAR AUTOMOTIVEEIN 33-2553389Plan #001PY 2024

251 MAIN STREET - SPRINGVALE, ME 04083207-324-4538blackbearauto.comLinkedIn1-10 employeesautomotive

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$244K

No prior year

Total participants

No prior year

Average account balance

$81,354

No prior year

Annual return

9.96%

No prior year

Benchmarks

See 49,870 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort49,870 peers

Snapshot2024

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

Analytics

Less than 3 years of history available for this plan

We'll show a chart here once at least 3 consecutive filings are on record.

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 codes2E2J2G2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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

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

$2K

$1032 / participant

Other / not subdivided$2K100.0%

% of EOY assets

0.846%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$81,354

$88,815-8.4%

$81,882-0.6%

$145,897-44.2%

Participation rate

100.0%

75.1%+24.9pp

72.4%+27.6pp

80.3%+19.7pp

Annual return

9.96%

1033.75%-1023.8pp

779.47%-769.5pp

552.29%-542.3pp

Employer contribution / active EE

$5,796

$3,086+87.8%

$2,916+98.8%

$4,663+24.3%

Participant deferral / active EE

$6,625

$4,647+42.6%

$4,323+53.2%

$6,689-1.0%

Admin fee / account holder

$688

$8,434-91.8%

$7,360-90.7%

$13,390-94.9%

BLACK BEAR AUTOMOTIVE 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BLACK BEAR AUTOMOTIVE 401K 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