Retirement plan

MCGRATH LEXUS 401(K) PROFIT SHARING PLAN AND TRUST

Name: MCGRATH-COLOSIMO, LTD. - MCGRATH LEXUS 401(K) PROFIT SHARING PLAN AND TRUST (2016) Form 5500
Creator: MCGRATH-COLOSIMO, LTD.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MCGRATH LEXUS 401(K) PROFIT SHARING PLAN AND TRUST, MCGRATH-COLOSIMO, LTD.

MCGRATH-COLOSIMO, LTD.dba MCGRATH LEXUSEIN 36-3780892Plan #002PY 2016

470 EAST OGDEN AVENUE - WESTMONT, IL 60559630-323-5600mcgrathcomm.comLinkedIn1-10 employeespublic relations and communications

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$19.6M

+6.0% from 2015

Total participants

260

-1.9% from 2015

Average account balance

$82,053

+7.3% from 2015

Annual return

6.23%

+5.42 pp from 2015

Benchmarks

See 2,356 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,356 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$31.80M

Not enough data

1 years with asset history on file

Average account balance

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

$164K

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.

194

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.

87.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.66M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+19.73%

Not enough data

1 years with return on file

Admin fee / account holder

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

$379

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
ASSOCIATED PENSION SERVICES, INC.2+ years Service code 15 · EIN 36-3580924	Recordkeeping	$10,227
CROWE LLP1 year Filed as: CROWE HORWARTH, LLP Service code 10	Accounting	$9,900
VOYA RETIREMENT INSURANCE & ANNUITY2+ years Service code 50 · EIN 71-0294708	Direct Payment	$6,600
CROWE LLP2+ years Filed as: CROWE HORWATH, LLP Service code 10 · EIN 35-0921680	Accounting	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$32K

$144 / participant

Investment mgmt$5K15.3%
Contract admin$7K20.9%
Other / not subdivided$20K63.8%

% of EOY assets

0.161%

all-in expense ratio

Categories reported

2 / 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: CROWE HORWATH LLP
Auditor EIN: 350921680
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$82,053

$42,546+92.9%

$71,796+14.3%

$55,167+48.7%

Participation rate

90.4%

59.1%+31.3pp

69.1%+21.3pp

69.0%+21.4pp

Annual return

6.23%

12.36%-6.1pp

78.04%-71.8pp

169.23%-163.0pp

Employer contribution / active EE

$1,663

$803+107.0%

$1,924-13.6%

$1,963-15.3%

Participant deferral / active EE

$4,533

$2,064+119.6%

$2,794+62.2%

$3,054+48.4%

Admin fee / account holder

$132

$650-79.7%

$4,815-97.3%

$504-73.8%

Provider

Service type

Compensation

ASSOCIATED PENSION SERVICES, INC.2+ years

Service code 15 · EIN 36-3580924

Recordkeeping

$10,227

CROWE LLP1 year

Filed as: CROWE HORWARTH, LLP

Service code 10

Accounting

$9,900

VOYA RETIREMENT INSURANCE & ANNUITY2+ years

Service code 50 · EIN 71-0294708

Direct Payment

$6,600

CROWE LLP2+ years

Filed as: CROWE HORWATH, LLP

Service code 10 · EIN 35-0921680

Accounting

MCGRATH LEXUS 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MCGRATH LEXUS 401(K) PROFIT SHARING PLAN AND TRUST

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