Retirement plan

PARKWAY AUTO DEALERSHIPS 401(K) PROFIT SHARING PLAN

Name: PARK AUTO SOUTH, INC. - PARKWAY AUTO DEALERSHIPS 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: PARK AUTO SOUTH, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PARKWAY AUTO DEALERSHIPS 401(K) PROFIT SHARING PLAN, PARK AUTO SOUTH, INC.

PARK AUTO SOUTH, INC.EIN 34-1384107Plan #001PY 2020

855 COMMERCIAL PARKWAY - DOVER, OH 44622330-364-8661parkautogroup.comLinkedIn51-200 employeesautomotive

Prospect flagsLow returnsFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$4.2M

-25.3% from 2019

Total participants

195

-2.0% from 2019

Average account balance

$27,772

-14.9% from 2019

Annual return

1.35%

-22.47 pp from 2019

Benchmarks

See 2,198 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,198 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.43M

Not enough data

1 years with asset history on file

Average account balance

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

$26K

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.

210

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.

73.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$673K

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

+12.63%

Not enough data

1 years with return on file

Admin fee / account holder

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

$174

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

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Service providers

Top 6 by compensation

Provider	Service type	Compensation
COMMONWEALTH FINANCIAL NETWORK4 years Filed as: COMMONWEALTH FINANCIAL Service code 27 · EIN 04-2675571 29 SAWYER ROAD · WALTHAM, MA 024533483	Advisory (Plan)	$8,687
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$6,653
CHARLES SCHWAB & CO., INC.1 year Filed as: REA & ASSOCIATES, INC Service code 13	Contract Administrator	$5,926
CHARLES SCHWAB & CO., INC.4 years Filed as: REA & ASSOCIATES Service code 14 · EIN 34-1310124 PO BOX 1020 · NEW PHILADELPHIA, OH 44663	Plan Administrator	$3,318
EMPLOYEE FIDUCIARY, LLC4 years Filed as: EMPLOYEE FIDUCIARY Service code 15 · EIN 20-1581859 PO BOX 3144 · MOBILE, AL 36652	Recordkeeping	$3,028
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: ADVISED ASSETS GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$5

Plan features & details

Pension benefit codes2E2F2G2J2K2R3D3H

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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 returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$22K

$142 / participant

Investment mgmt$9K40.0%
Contract admin$9K43.4%
Other / not subdivided$4K16.6%

% of EOY assets

0.517%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: MOORE & NEIDENTHAL, INC.
Auditor EIN: 341115383
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$27,772

$54,573-49.1%

$90,965-69.5%

$73,493-62.2%

Participation rate

71.2%

61.2%+10.1pp

69.0%+2.2pp

70.7%+0.6pp

Annual return

1.35%

16.69%-15.3pp

134.57%-133.2pp

28.51%-27.2pp

Employer contribution / active EE

$348

$991-64.9%

$2,122-83.6%

$2,270-84.7%

Participant deferral / active EE

$2,086

$2,517-17.1%

$3,373-38.1%

$3,740-44.2%

Admin fee / account holder

$144

$521-72.5%

$5,960-97.6%

$513-72.0%

Provider

Service type

Compensation

COMMONWEALTH FINANCIAL NETWORK4 years

Filed as: COMMONWEALTH FINANCIAL

Service code 27 · EIN 04-2675571

29 SAWYER ROAD · WALTHAM, MA 024533483

Advisory (Plan)

$8,687

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$6,653

CHARLES SCHWAB & CO., INC.1 year

Filed as: REA & ASSOCIATES, INC

Service code 13

Contract Administrator

$5,926

CHARLES SCHWAB & CO., INC.4 years

Filed as: REA & ASSOCIATES

Service code 14 · EIN 34-1310124

PO BOX 1020 · NEW PHILADELPHIA, OH 44663

Plan Administrator

$3,318

EMPLOYEE FIDUCIARY, LLC4 years

Filed as: EMPLOYEE FIDUCIARY

Service code 15 · EIN 20-1581859

PO BOX 3144 · MOBILE, AL 36652

Recordkeeping

$3,028

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: ADVISED ASSETS GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

PARKWAY AUTO DEALERSHIPS 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PARKWAY AUTO DEALERSHIPS 401(K) PROFIT SHARING 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