Retirement plan

BOB'S AUTO SERVICE, INC. SIMPLE 401 K PLAN

Name: BOB'S AUTO SERVICE, INC - BOB'S AUTO SERVICE, INC. SIMPLE 401 K PLAN (2024) Form 5500
Creator: BOB'S AUTO SERVICE, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BOB'S AUTO SERVICE, INC. SIMPLE 401 K PLAN, BOB'S AUTO SERVICE, INC

BOB'S AUTO SERVICE, INCEIN 35-1548269Plan #009PY 2024

5212 W. STATE ROAD 56 - JASPER, IN 47546812-482-7616

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.5M

+20.1% from 2023

Total participants

+14.3% from 2023

Average account balance

$208,375

+20.1% from 2023

Annual return

13.58%

-1.85 pp from 2023

Benchmarks

See 49,870 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort49,870 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.46M

Not enough data

1 years with asset history on file

Average account balance

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

$208K

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.

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.

85.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$80K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+13.58%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1279

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2J

Plan features

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.

Opportunity flags

1 tripped

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

$9K

$1279 / participant

Other / not subdivided$9K100.0%

% of EOY assets

0.614%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$208,375

$88,815+134.6%

$81,882+154.5%

$145,897+42.8%

Participation rate

85.7%

75.1%+10.6pp

72.4%+13.3pp

80.3%+5.4pp

Annual return

13.58%

1033.75%-1020.2pp

779.47%-765.9pp

552.29%-538.7pp

Employer contribution / active EE

$1,813

$3,086-41.2%

$2,916-37.8%

$4,663-61.1%

Participant deferral / active EE

$9,556

$4,647+105.6%

$4,323+121.0%

$6,689+42.9%

Admin fee / account holder

$1,279

$8,434-84.8%

$7,360-82.6%

$13,390-90.4%

BOB'S AUTO SERVICE, INC. SIMPLE 401 K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BOB'S AUTO SERVICE, INC. SIMPLE 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