Retirement plan

BEST-ONE TIRE & SERVICE 401(K) MEP

Name: ZURCHER TIRE, INC. - BEST-ONE TIRE & SERVICE 401(K) MEP (2021) Form 5500
Creator: ZURCHER TIRE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BEST-ONE TIRE & SERVICE 401(K) MEP, ZURCHER TIRE, INC.

ZURCHER TIRE, INC.EIN 35-1106685Plan #002PY 2021

101 NORTH POLK - MONROE, IN 46772260-692-1416zurchertire.comLinkedIn51-200 employeesautomotive

Prospect flagsHigh feesLow participationLow participant contribution

How to read this page

Total assets (EOY)

$47.2M

+163.2% from 2020

Total participants

1,478

+232.9% from 2020

Average account balance

$54,491

-1.1% from 2020

Annual return

157.46%

-116.84 pp from 2020

Benchmarks

See 277 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants1,000-4,999

Cohort277 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$57.20M

Not enough data

1 years with asset history on file

Average account balance

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

$55K

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.

1,042

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.

52.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$6.37M

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

+15.77%

Not enough data

1 years with return on file

Admin fee / account holder

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

$653

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 8 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$119,266
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: ADVISED ASSET GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$86,060
EPIC RETIREMENT PLAN SERVICES2 years Filed as: RETIREMENT PLAN CONCEPTS & SERVICES Service code 13 10319 DAWSONS CREEK BLVD, SUITE A · FORT WAYNE, IN 46825	Contract Administrator	$51,001
FIRST MERCHANTS TRUST CO2 years Filed as: FIRST MERCHANTS BANK Service code 27 PO BOX 1467 · MUNCIE, IN 47308	Advisory (Plan)	$49,075
BKD, LLP1 year Filed as: BKD LLP Service code 10 910 E ST LOUIS ST., STE 200 · SPRINGFIELD, MO 658011190	Accounting	$11,321
ENVESTNET RETIREMENT SOLUTIONS, LLC2 years Service code 10 1801 CALIFORNIA STSREET · DENVER, CA 80202	Accounting	$5,839
JOHN HANCOCK LIFE INSURANCE COMPANY1 year Filed as: JOHN HANCOCK LIFE INSURANCE CO Service code 15 · EIN 01-0233346	Recordkeeping	$360
WELLS THOMAS, LLC1 year Filed as: WELLS THOMAS Service code 99 469 W MAIN ST, STE 202 · BRANDFORD, CT 06405	Other Fees	$75

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
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

$366K

$267 / participant

Other / not subdivided$366K100.0%

% of EOY assets

0.775%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: FORVIS, LLP
Auditor EIN: 440160260
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$54,491

$91,746-40.6%

$146,647-62.8%

$93,010-41.4%

Participation rate

55.4%

80.9%-25.5pp

80.1%-24.6pp

73.9%-18.5pp

Annual return

157.46%

18.28%+139.2pp

22.75%+134.7pp

158.70%-1.2pp

Employer contribution / active EE

$1,076

$2,815-61.8%

$4,137-74.0%

$2,705-60.2%

Participant deferral / active EE

$2,203

$4,589-52.0%

$5,506-60.0%

$4,561-51.7%

Admin fee / account holder

$422

$101+317.5%

$10,281-95.9%

$152+178.5%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$119,266

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: ADVISED ASSET GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$86,060

EPIC RETIREMENT PLAN SERVICES2 years

Filed as: RETIREMENT PLAN CONCEPTS & SERVICES

Service code 13

10319 DAWSONS CREEK BLVD, SUITE A · FORT WAYNE, IN 46825

Contract Administrator

$51,001

FIRST MERCHANTS TRUST CO2 years

Filed as: FIRST MERCHANTS BANK

Service code 27

PO BOX 1467 · MUNCIE, IN 47308

Advisory (Plan)

$49,075

BKD, LLP1 year

Filed as: BKD LLP

Service code 10

910 E ST LOUIS ST., STE 200 · SPRINGFIELD, MO 658011190

Accounting

$11,321

ENVESTNET RETIREMENT SOLUTIONS, LLC2 years

Service code 10

1801 CALIFORNIA STSREET · DENVER, CA 80202

Accounting

$5,839

JOHN HANCOCK LIFE INSURANCE COMPANY1 year

Filed as: JOHN HANCOCK LIFE INSURANCE CO

Service code 15 · EIN 01-0233346

Recordkeeping

$360

WELLS THOMAS, LLC1 year

Filed as: WELLS THOMAS

Service code 99

469 W MAIN ST, STE 202 · BRANDFORD, CT 06405

Other Fees

$75

BEST-ONE TIRE & SERVICE 401(K) MEP

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BEST-ONE TIRE & SERVICE 401(K) MEP

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