Retirement plan

RAY DENNISON CHEVROLET, INC. 401(K) RETIREMENT & SAVINGS PLAN

Name: RAY DENNISON CHEVROLET, INC. - RAY DENNISON CHEVROLET, INC. 401(K) RETIREMENT & SAVINGS PLAN (2021) Form 5500
Creator: RAY DENNISON CHEVROLET, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RAY DENNISON CHEVROLET, INC. 401(K) RETIREMENT & SAVINGS PLAN, RAY DENNISON CHEVROLET, INC.

RAY DENNISON CHEVROLET, INC.EIN 37-0978871Plan #002PY 2021

2320 N. 8TH STREET - PEKIN, IL 61554309-347-3101

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$8.4M

+17.3% from 2020

Total participants

-6.3% from 2020

Average account balance

$94,874

+25.3% from 2020

Annual return

18.06%

+11.82 pp from 2020

Benchmarks

See 9,332 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort9,332 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.68M

Not enough data

1 years with asset history on file

Average account balance

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

$107K

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.

100

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.

109.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$511K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+13.31%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3278

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 codes2E2F2H2J3D

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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
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

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

$416K

$5620 / participant

Other / not subdivided$416K100.0%

% of EOY assets

4.925%

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

$94,874

$70,418+34.7%

$96,570-1.8%

$85,847+10.5%

Participation rate

100.0%

61.8%+38.2pp

69.8%+30.2pp

69.3%+30.7pp

Annual return

18.06%

18.59%-0.5pp

37.79%-19.7pp

318.61%-300.5pp

Employer contribution / active EE

$2,304

$1,413+63.0%

$2,357-2.2%

$2,565-10.2%

Participant deferral / active EE

$2,575

$2,894-11.0%

$3,849-33.1%

$3,952-34.9%

Admin fee / account holder

$4,673

$4,995-6.5%

$6,182-24.4%

$6,261-25.4%

RAY DENNISON CHEVROLET, INC. 401(K) RETIREMENT & SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RAY DENNISON CHEVROLET, INC. 401(K) RETIREMENT & SAVINGS 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