Retirement plan

CHARIOT AUTO RETIREMENT READINESS 401(K)PLAN

Name: BUTTON MOTORS INC. - CHARIOT AUTO RETIREMENT READINESS 401(K)PLAN (2024) Form 5500
Creator: BUTTON MOTORS INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CHARIOT AUTO RETIREMENT READINESS 401(K)PLAN, BUTTON MOTORS INC.

BUTTON MOTORS INC.EIN 35-0819046Plan #001PY 2024

1220 EAST BLVD., PO BOX 2616 - KOKOMO, IN 46904765-457-1189

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$12.6M

+6.6% from 2023

Total participants

289

+2.1% from 2023

Average account balance

$60,146

+1.0% from 2023

Annual return

12.58%

-3.84 pp from 2023

Benchmarks

See 2,310 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,310 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.63M

Not enough data

1 years with asset history on file

Average account balance

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

$60K

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.

65.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.15M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+12.58%

Not enough data

1 years with return on file

Admin fee / account holder

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

$241

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
THE VANGUARD GROUP, INC.6 years Filed as: THE VANGUARD GROUP Service code 13 · EIN 23-1945930	Contract Administrator	$20,615
EPIC RETIREMENT PLAN SERVICES6 years Filed as: RETIREMENT PLAN CONCEPTS & SERVICES Service code 64 10319 DAWSONS CREEK BLVD · FORT WAYNE, IN 46825	Recordkeeping Fees	$19,920
SHEPHERD FINANCIAL INVESTMENT ADVIS6 years Filed as: SHEPHERD FINANCIAL INVESTMENT Service code 27 111 CONGRESSIONAL BLVD · CARMEL, IN 46032	Advisory (Plan)	$14,000
OSAIC WEALTH INC1 year Service code 27 14800 FRYE ROAD · FORT WORTH, TX 76155	Advisory (Plan)	$7,000

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$51K

$219 / participant

Recordkeeping$51K100.0%

% of EOY assets

0.401%

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: CHERRY BEKAERT LLP
Auditor EIN: 560574444
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$60,146

$59,448+1.2%

$93,696-35.8%

$74,459-19.2%

Participation rate

65.8%

59.6%+6.2pp

68.7%-2.9pp

67.2%-1.4pp

Annual return

12.58%

82.11%-69.5pp

133.74%-121.2pp

1369.70%-1357.1pp

Employer contribution / active EE

$1,325

$1,266+4.6%

$2,422-45.3%

$2,626-49.5%

Participant deferral / active EE

$3,648

$3,052+19.5%

$4,417-17.4%

$4,350-16.1%

Admin fee / account holder

$241

$3,027-92.0%

$8,287-97.1%

$1,945-87.6%

Provider

Service type

Compensation

THE VANGUARD GROUP, INC.6 years

Filed as: THE VANGUARD GROUP

Service code 13 · EIN 23-1945930

Contract Administrator

$20,615

EPIC RETIREMENT PLAN SERVICES6 years

Filed as: RETIREMENT PLAN CONCEPTS & SERVICES

Service code 64

10319 DAWSONS CREEK BLVD · FORT WAYNE, IN 46825

Recordkeeping Fees

$19,920

SHEPHERD FINANCIAL INVESTMENT ADVIS6 years

Filed as: SHEPHERD FINANCIAL INVESTMENT

Service code 27

111 CONGRESSIONAL BLVD · CARMEL, IN 46032

Advisory (Plan)

$14,000

OSAIC WEALTH INC1 year

Service code 27

14800 FRYE ROAD · FORT WORTH, TX 76155

Advisory (Plan)

$7,000

CHARIOT AUTO RETIREMENT READINESS 401(K)PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CHARIOT AUTO RETIREMENT READINESS 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