Retirement plan

LAURA BUICK-GMC MACHINISTS UNION 401(K) PLAN

Name: LAURA BUICK - GMC, INC. - LAURA BUICK-GMC MACHINISTS UNION 401(K) PLAN (2024) Form 5500
Creator: LAURA BUICK - GMC, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LAURA BUICK-GMC MACHINISTS UNION 401(K) PLAN, LAURA BUICK - GMC, INC.

LAURA BUICK - GMC, INC.EIN 37-1099757Plan #002PY 2024

903 NORTH BLUFF ROAD - COLLINSVILLE, IL 622345803618-344-0121laurabuickgmc.comLinkedIn51-200 employeesautomotive

Other plans on this EIN

1 filing

#001Retirement-$12.7M assets

Prospect flagsHigh feesLow assets / participant

How to read this page

Total assets (EOY)

$1.1M

+50.6% from 2023

Total participants

+16.7% from 2023

Average account balance

$18,753

+33.0% from 2023

Annual return

16.88%

-5.65 pp from 2023

Benchmarks

See 9,334 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort9,334 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.41M

Not enough data

1 years with asset history on file

Average account balance

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

$21K

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.

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.

133.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$337K

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

+24.97%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5138

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 codes3H2E2F2G2J2T3D

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.
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.
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.)
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$90K

$1693 / participant

Other / not subdivided$90K100.0%

% of EOY assets

7.975%

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

$18,753

$71,215-73.7%

$93,696-80.0%

$80,935-76.8%

Participation rate

94.3%

60.4%+33.9pp

68.7%+25.6pp

67.7%+26.7pp

Annual return

16.88%

11.27%+5.6pp

133.74%-116.9pp

35.66%-18.8pp

Employer contribution / active EE

$3,266

$1,565+108.6%

$2,422+34.8%

$2,757+18.5%

Participant deferral / active EE

$2,889

$4,037-28.4%

$4,417-34.6%

$4,299-32.8%

Admin fee / account holder

$1,495

$6,958-78.5%

$8,287-82.0%

$6,924-78.4%

LAURA BUICK-GMC MACHINISTS UNION 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LAURA BUICK-GMC MACHINISTS UNION 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