Retirement plan

UNITED COMPANIES 401(K) PLAN

Name: ROMAIN BUICK, INC. - UNITED COMPANIES 401(K) PLAN (2022) 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 2022

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

Prospect flagsLow returnsCorrective distributions

How to read this page

Total assets (EOY)

$10M

-16.1% from 2021

Total participants

241

-2.0% from 2021

Average account balance

$41,554

-14.4% from 2021

Annual return

-20.09%

-33.42 pp from 2021

Benchmarks

See 2,205 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,205 peers

Snapshot2022

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 4 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE CO OF AM Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$62,374
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ADVISORY GROUP LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$8,158
FIFTH THIRD BANK RETIREMENT SERVICE2 years Filed as: FIFTH THIRD BANK Service code 99 38 FOUNTAIN SQUARE PLAZA · CINCINNATI, OH 45263	Other Fees	$5,551
TD AMERITRADE, INC.7 years Service code 33 200 S. 108TH AVENUE · OMAHA, NE 68154	Securities brokerage	$35

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

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$69K

$375 / participant

Investment mgmt$69K100.0%

% of EOY assets

0.692%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$41,554

$49,451-16.0%

$79,580-47.8%

$66,938-37.9%

Participation rate

100.0%

61.3%+38.7pp

69.5%+30.5pp

69.8%+30.2pp

Annual return

-20.09%

84.25%-104.3pp

0.15%-20.2pp

1.58%-21.7pp

Employer contribution / active EE

$1,353

$1,266+6.9%

$2,413-44.0%

$2,545-46.9%

Participant deferral / active EE

$5,469

$3,159+73.2%

$3,985+37.2%

$4,238+29.0%

Admin fee / account holder

$288

$595-51.6%

$6,835-95.8%

$594-51.5%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE CO OF AM

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$62,374

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ADVISORY GROUP LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$8,158

FIFTH THIRD BANK RETIREMENT SERVICE2 years

Filed as: FIFTH THIRD BANK

Service code 99

38 FOUNTAIN SQUARE PLAZA · CINCINNATI, OH 45263

Other Fees

$5,551

TD AMERITRADE, INC.7 years

Service code 33

200 S. 108TH AVENUE · OMAHA, NE 68154

Securities brokerage

$35

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