Retirement plan

MIKE ANDERSON CHEVROLET OF MERRILLVILLE 401(K) PLAN

Name: MIKE ANDERSON CHEVROLET OF MERRILLVILLE - MIKE ANDERSON CHEVROLET OF MERRILLVILLE 401(K) PLAN (2017) Form 5500
Creator: MIKE ANDERSON CHEVROLET OF MERRILLVILLE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MIKE ANDERSON CHEVROLET OF MERRILLVILLE 401(K) PLAN, MIKE ANDERSON CHEVROLET OF MERRILLVILLE

MIKE ANDERSON CHEVROLET OF MERRILLVILLEEIN 35-1161271Plan #001PY 2017

1550 E. 61ST ST. - MERRILLVILLE, IN 46410219-947-4151mikeandersonchevymerrillville.comLinkedIn51-200 employeesretail

Prospect flagsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$6.6M

+21.1% from 2016

Total participants

177

+4.7% from 2016

Average account balance

$48,908

+16.6% from 2016

Annual return

19.35%

+10.82 pp from 2016

Benchmarks

See 2,319 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,319 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.25M

Not enough data

1 years with asset history on file

Average account balance

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

$108K

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.

123

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.

68.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$912K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+14.46%

Not enough data

1 years with return on file

Admin fee / account holder

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

$444

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 3 by compensation

Provider	Service type	Compensation
CENTIER BANK3+ years Service code 21 · EIN 35-0161790	Bank Trustee	$41,164
EPIC RETIREMENT PLAN SERVICES3+ years Filed as: EPIC ADVISORS, INC. Service code 15 · EIN 16-1450952	Recordkeeping	$725
CHARLES SCHWAB & CO., INC.3+ years Service code 59 · EIN 94-1737782	Shareholder Servicing	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3D3H

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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$42K

$274 / participant

Other / not subdivided$42K100.0%

% of EOY assets

0.639%

all-in expense ratio

Categories reported

0 / 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: THE POMYKALA GROUP LLC
Auditor EIN: 364336258
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$48,908

$51,466-5.0%

$78,778-37.9%

$62,293-21.5%

Participation rate

71.9%

59.8%+12.1pp

69.2%+2.7pp

69.5%+2.4pp

Annual return

19.35%

19.96%-0.6pp

35.62%-16.3pp

28.90%-9.5pp

Employer contribution / active EE

$1,219

$827+47.4%

$1,986-38.6%

$2,042-40.3%

Participant deferral / active EE

$3,392

$2,147+57.9%

$2,958+14.7%

$3,169+7.0%

Admin fee / account holder

$313

$489-36.1%

$5,134-93.9%

$479-34.8%

Provider

Service type

Compensation

CENTIER BANK3+ years

Service code 21 · EIN 35-0161790

Bank Trustee

$41,164

EPIC RETIREMENT PLAN SERVICES3+ years

Filed as: EPIC ADVISORS, INC.

Service code 15 · EIN 16-1450952

Recordkeeping

$725

CHARLES SCHWAB & CO., INC.3+ years

Service code 59 · EIN 94-1737782

Shareholder Servicing

MIKE ANDERSON CHEVROLET OF MERRILLVILLE 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MIKE ANDERSON CHEVROLET OF MERRILLVILLE 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