Retirement plan

S & S AUTOMOTIVE, INC. EMPLOYEES' 401(K) AND PROFIT SHARING PLAN

Name: S & S AUTOMOTIVE, INC. - S & S AUTOMOTIVE, INC. EMPLOYEES' 401(K) AND PROFIT SHARING PLAN (2022) Form 5500
Creator: S & S AUTOMOTIVE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, S & S AUTOMOTIVE, INC. EMPLOYEES' 401(K) AND PROFIT SHARING PLAN, S & S AUTOMOTIVE, INC.

S & S AUTOMOTIVE, INC.EIN 36-2428645Plan #001PY 2022

9040 MURPHY RD. - WOODRIDGE, IL 60517630-279-1600

Prospect flagsLow employer contributionFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$10.8M

-10.0% from 2021

Total participants

118

-4.8% from 2021

Average account balance

$97,339

-4.3% from 2021

Annual return

-11.92%

-21.28 pp from 2021

Benchmarks

See 2,290 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,290 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.56M

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.

107

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.

94.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$363K

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

+9.09%

Not enough data

1 years with return on file

Admin fee / account holder

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

$168

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 1 by compensation

Provider	Service type	Compensation
MERRILL LYNCH PIERCE FENNER & SMITH6 years Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085	Recordkeeping	$19,567

Plan features & details

Pension benefit codes2E2F2G2J2R2T3D

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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 employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$14K

$137 / participant

Other / not subdivided$14K100.0%

% of EOY assets

0.133%

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: WARADY & DAVIS LLP
Auditor EIN: 362170602
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$97,339

$86,655+12.3%

$119,622-18.6%

$66,938+45.4%

Participation rate

93.3%

75.6%+17.8pp

79.3%+14.1pp

69.8%+23.5pp

Annual return

-11.92%

-8.00%-3.9pp

-14.98%+3.1pp

1.58%-13.5pp

Employer contribution / active EE

$2,536-100.0%

$4,232-100.0%

$2,545-100.0%

Participant deferral / active EE

$3,454

$4,358-20.7%

$5,601-38.3%

$4,238-18.5%

Admin fee / account holder

$129

$755-82.9%

$10,328-98.7%

$594-78.2%

Provider

Service type

Compensation

MERRILL LYNCH PIERCE FENNER & SMITH6 years

Filed as: MERRILL LYNCH, PIERCE, FENNER AND S

Service code 15 · EIN 13-5674085

Recordkeeping

$19,567

S & S AUTOMOTIVE, INC. EMPLOYEES' 401(K) AND PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

S & S AUTOMOTIVE, INC. EMPLOYEES' 401(K) AND PROFIT SHARING 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