Retirement plan

HANK GRAFF CHEVROLET 401(K) PLAN & TRUST

Name: HANK GRAFF CHEVROLET, INC. - HANK GRAFF CHEVROLET 401(K) PLAN & TRUST (2019) Form 5500
Creator: HANK GRAFF CHEVROLET, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HANK GRAFF CHEVROLET 401(K) PLAN & TRUST, HANK GRAFF CHEVROLET, INC.

HANK GRAFF CHEVROLET, INC.EIN 38-1649587Plan #001PY 2019

800 N. STATE RD., P.O. BOX 430 - DAVISON, MI 48423810-653-3411LinkedIn51-200 employeesretail

Prospect flagsLow returnsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$13.5M

-0.6% from 2018

Total participants

123

-8.2% from 2018

Average account balance

$116,747

+3.7% from 2018

Annual return

5.49%

-2.96 pp from 2018

Benchmarks

See 2,278 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,278 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$16.25M

Not enough data

1 years with asset history on file

Average account balance

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

$119K

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.

136

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.

76.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$927K

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

+7.35%

Not enough data

1 years with return on file

Admin fee / account holder

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

$576

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 3 by compensation

Provider	Service type	Compensation
CAPFINANCIAL PARTNERS LLC2 years Filed as: CAPTRUST INVESTMENT ADVISORS Service code 27 8031 M-15 · CLARKSTON, MI 48348	Advisory (Plan)	$58,054
FREEDOM ONE RETIREMENT SERVICES LLC2 years Filed as: FREEDOM ONE RETIREMENT SERVICES Service code 15 · EIN 38-2794855 8031 M-15 · CLARKSTON, MI 48348	Recordkeeping	$11,813
NATIONAL FINANCIAL SERVICES2 years Service code 19 · EIN 04-3523567	Securities Custodian	$5,244

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D3H

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$75K

$689 / participant

Investment mgmt$58K77.3%
Contract admin$12K15.7%
Other / not subdivided$5K7.0%

% of EOY assets

0.555%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PLANTE & MORAN
Auditor EIN: 381357951
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$116,747

$49,138+137.6%

$84,021+38.9%

$65,185+79.1%

Participation rate

93.6%

60.7%+32.8pp

69.0%+24.6pp

70.2%+23.4pp

Annual return

5.49%

23.00%-17.5pp

71.32%-65.8pp

29.38%-23.9pp

Employer contribution / active EE

$680

$914-25.6%

$1,984-65.7%

$2,177-68.8%

Participant deferral / active EE

$5,957

$2,397+148.5%

$3,239+83.9%

$3,514+69.5%

Admin fee / account holder

$648

$543+19.2%

$6,102-89.4%

$847-23.6%

Provider

Service type

Compensation

CAPFINANCIAL PARTNERS LLC2 years

Filed as: CAPTRUST INVESTMENT ADVISORS

Service code 27

8031 M-15 · CLARKSTON, MI 48348

Advisory (Plan)

$58,054

FREEDOM ONE RETIREMENT SERVICES LLC2 years

Filed as: FREEDOM ONE RETIREMENT SERVICES

Service code 15 · EIN 38-2794855

8031 M-15 · CLARKSTON, MI 48348

Recordkeeping

$11,813

NATIONAL FINANCIAL SERVICES2 years

Service code 19 · EIN 04-3523567

Securities Custodian

$5,244

HANK GRAFF CHEVROLET 401(K) PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HANK GRAFF CHEVROLET 401(K) PLAN & 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