Retirement plan

BRONDES FORD 401(K) PLAN

Name: BRONDES FORD, INC. - BRONDES FORD 401(K) PLAN (2020) Form 5500
Creator: BRONDES FORD, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BRONDES FORD 401(K) PLAN, BRONDES FORD, INC.

BRONDES FORD, INC.EIN 34-4445614Plan #002PY 2020

5545 SECOR ROAD - TOLEDO, OH 43623419-473-1411brondesford.comLinkedIn51-200 employeesretail

Prospect flagsLow returnsCorrective distributions

How to read this page

Total assets (EOY)

$10.2M

+5.8% from 2019

Total participants

250

+7.3% from 2019

Average account balance

$48,472

+2.8% from 2019

Annual return

9.41%

-10.26 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

$14.73M

Not enough data

1 years with asset history on file

Average account balance

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

$59K

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.

251

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.

91.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.49M

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

+10.34%

Not enough data

1 years with return on file

Admin fee / account holder

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

$266

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 5 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY1 year Service code 13 · EIN 42-0127290	Contract Administrator	$22,893
PENSION ASSURANCE LLP1 year Filed as: PENSION INNOVATIONS & CONSULTING Service code 13 · EIN 34-1944384	Contract Administrator	$11,109
ROYAL ALLIANCE ASSOCIATES INC1 year Filed as: ROYAL ALLIACE ASSOCIATES INC Service code 27	Advisory (Plan)	$8,110
ROYAL ALLIANCE ASSOCIATES INC1 year Service code 27 · EIN 93-0987232	Advisory (Plan)	$0
WILSHIRE ASSOCIATES INCORPORATED1 year Service code 27 · EIN 95-2755361	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2S3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$49K

$222 / participant

Investment mgmt$49K100.0%

% of EOY assets

0.475%

all-in expense ratio

Categories reported

1 / 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: PLANTE & MORAN, LLP
Auditor EIN: 381357951
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$48,472

$54,573-11.2%

$90,970-46.7%

$73,493-34.0%

Participation rate

82.2%

61.2%+21.0pp

69.0%+13.2pp

70.7%+11.5pp

Annual return

9.41%

16.69%-7.3pp

134.58%-125.2pp

28.51%-19.1pp

Employer contribution / active EE

$532

$991-46.3%

$2,122-74.9%

$2,270-76.6%

Participant deferral / active EE

$4,060

$2,517+61.3%

$3,373+20.4%

$3,740+8.6%

Admin fee / account holder

$230

$521-55.8%

$5,960-96.1%

$513-55.1%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY1 year

Service code 13 · EIN 42-0127290

Contract Administrator

$22,893

PENSION ASSURANCE LLP1 year

Filed as: PENSION INNOVATIONS & CONSULTING

Service code 13 · EIN 34-1944384

Contract Administrator

$11,109

ROYAL ALLIANCE ASSOCIATES INC1 year

Filed as: ROYAL ALLIACE ASSOCIATES INC

Service code 27

Advisory (Plan)

$8,110

ROYAL ALLIANCE ASSOCIATES INC1 year

Service code 27 · EIN 93-0987232

Advisory (Plan)

WILSHIRE ASSOCIATES INCORPORATED1 year

Service code 27 · EIN 95-2755361

Advisory (Plan)

BRONDES FORD 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BRONDES FORD 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