Retirement plan

JACKSON FAMILY OF DEALERSHIPS RETIREMENT PLAN

Name: WORLD OF POWERSPORTS INC - JACKSON FAMILY OF DEALERSHIPS RETIREMENT PLAN (2016) Form 5500
Creator: WORLD OF POWERSPORTS INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, JACKSON FAMILY OF DEALERSHIPS RETIREMENT PLAN, WORLD OF POWERSPORTS INC

WORLD OF POWERSPORTS INCEIN 37-1332682Plan #001PY 2016

2635 N 22ND ST - DECATUR, IL 62526217-423-6521worldofpowersports.comLinkedIn51-200 employeesautomotive

Prospect flagsLow participationFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$2.3M

+13.2% from 2015

Total participants

114

+11.8% from 2015

Average account balance

$50,506

+40.3% from 2015

Annual return

5.86%

+4.58 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

$3.86M

Not enough data

1 years with asset history on file

Average account balance

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

$99K

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.

97.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$142K

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

+10.89%

Not enough data

1 years with return on file

Admin fee / account holder

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

$13815

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

Top 3 by compensation

Provider	Service type	Compensation
ALLIANCE BENEFIT GROUP2+ years Filed as: ALLIANCE BENEFIT GROUP WISCONSIN Service code 15 8040 EXCELSIOR DRIVE, SUITE 401 · MADISON, WI 53717	Recordkeeping	$760
AMERICAN FUNDS2+ years Filed as: CAPITAL RESEARCH AND MANAGEMENT CO Service code 15 P O BOX 6040 · INDIANAPOLIS, IN 46206	Recordkeeping	$600
FIRST HEARTLAND CONSULTANTS, INC.2+ years Filed as: FIRST HEARTLAND CAPITAL, INC. Service code 28 855 E. GOLF ROAD, STE 2128 · ARLINGTON HEIGHTS, IL 60005	Investment Management	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$1K

$13 / participant

Contract admin$1K100.0%

% of EOY assets

0.059%

all-in expense ratio

Categories reported

1 / 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: WOODWARD & ASSOCIATES, INC.
Auditor EIN: 371378349
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$50,506

$42,546+18.7%

$71,796-29.7%

$55,167-8.4%

Participation rate

33.3%

59.1%-25.8pp

69.1%-35.8pp

69.0%-35.7pp

Annual return

5.86%

12.36%-6.5pp

78.04%-72.2pp

169.23%-163.4pp

Employer contribution / active EE

$731

$803-9.0%

$1,924-62.0%

$1,963-62.8%

Participant deferral / active EE

$1,630

$2,064-21.0%

$2,794-41.7%

$3,054-46.6%

Admin fee / account holder

$30

$650-95.4%

$4,815-99.4%

$504-94.1%

Provider

Service type

Compensation

ALLIANCE BENEFIT GROUP2+ years

Filed as: ALLIANCE BENEFIT GROUP WISCONSIN

Service code 15

8040 EXCELSIOR DRIVE, SUITE 401 · MADISON, WI 53717

Recordkeeping

$760

AMERICAN FUNDS2+ years

Filed as: CAPITAL RESEARCH AND MANAGEMENT CO

Service code 15

P O BOX 6040 · INDIANAPOLIS, IN 46206

Recordkeeping

$600

FIRST HEARTLAND CONSULTANTS, INC.2+ years

Filed as: FIRST HEARTLAND CAPITAL, INC.

Service code 28

855 E. GOLF ROAD, STE 2128 · ARLINGTON HEIGHTS, IL 60005

Investment Management

JACKSON FAMILY OF DEALERSHIPS RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

JACKSON FAMILY OF DEALERSHIPS RETIREMENT 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