Retirement plan

UNITED COMPANIES 401(K) PLAN

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

ROMAIN BUICK, INC.EIN 35-1687995Plan #001PY 2020

3700 MORGAN AVE. - EVANSVILLE, IN 47715812-479-0231romainbuick.comLinkedIn201-500 employeesautomotive

Prospect flagsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$10.5M

+8.8% from 2019

Total participants

228

-7.7% from 2019

Average account balance

$46,094

+17.9% from 2019

Annual return

13.02%

-2.45 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

$14.82M

Not enough data

1 years with asset history on file

Average account balance

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

$64K

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.

230

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.44M

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

+13.06%

Not enough data

1 years with return on file

Admin fee / account holder

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

$458

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
FIFTH THIRD BANK RETIREMENT SERVICE5 years Service code 64 38 FOUNTAIN SQUARE PLAZA · CINCINNATI, OH 45263	Recordkeeping Fees	$64,196
WEINZAPFEL AND COMPANY, LLC1 year Filed as: WEINZAPFEL & CO., LLC Service code 10 1301 MORTENSEN LANE · EVANSVILLE, IN 47715	Accounting	$10,500
TD AMERITRADE, INC.5 years Service code 33 200 S. 108TH AVENUE · OMAHA, NE 68154	Securities brokerage	$85

Plan features & details

Pension benefit codes2E2G2J2R3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

$73K

$440 / participant

Investment mgmt$73K100.0%

% of EOY assets

0.699%

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: WEINZAPFEL & CO., LLC
Auditor EIN: 352152081
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$46,094

$54,573-15.5%

$90,970-49.3%

$73,493-37.3%

Participation rate

100.0%

61.2%+38.8pp

69.0%+31.0pp

70.7%+29.3pp

Annual return

13.02%

16.69%-3.7pp

134.58%-121.6pp

28.51%-15.5pp

Employer contribution / active EE

$1,250

$991+26.1%

$2,122-41.1%

$2,270-44.9%

Participant deferral / active EE

$4,241

$2,517+68.5%

$3,373+25.7%

$3,740+13.4%

Admin fee / account holder

$322

$521-38.2%

$5,960-94.6%

$513-37.2%

Provider

Service type

Compensation

FIFTH THIRD BANK RETIREMENT SERVICE5 years

Service code 64

38 FOUNTAIN SQUARE PLAZA · CINCINNATI, OH 45263

Recordkeeping Fees

$64,196

WEINZAPFEL AND COMPANY, LLC1 year

Filed as: WEINZAPFEL & CO., LLC

Service code 10

1301 MORTENSEN LANE · EVANSVILLE, IN 47715

Accounting

$10,500

TD AMERITRADE, INC.5 years

Service code 33

200 S. 108TH AVENUE · OMAHA, NE 68154

Securities brokerage

$85

UNITED COMPANIES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UNITED COMPANIES 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