Retirement plan

BOB MAXEY LINCOLN MERCURY 401K PLAN & TRUST

Name: BOB MAXEY LINCOLN, INC. - BOB MAXEY LINCOLN MERCURY 401K PLAN & TRUST (2020) Form 5500
Creator: BOB MAXEY LINCOLN, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BOB MAXEY LINCOLN MERCURY 401K PLAN & TRUST, BOB MAXEY LINCOLN, INC.

BOB MAXEY LINCOLN, INC.EIN 38-1807015Plan #001PY 2020

16901 MACK AVENUE - DETROIT, MI 48224313-392-9200bobmaxeylincoln.comLinkedIn11-50 employeesretail

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$9.4M

+16.0% from 2019

Total participants

178

+1.1% from 2019

Average account balance

$65,636

+6.3% from 2019

Annual return

17.85%

-4.39 pp from 2019

Benchmarks

See 2,198 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,198 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.61M

Not enough data

1 years with asset history on file

Average account balance

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

$73K

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.

160

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.

68.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$863K

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

+15.06%

Not enough data

1 years with return on file

Admin fee / account holder

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

$464

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
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EDWARD D JONES & COMPANY Service code 27 · EIN 43-0345811	Advisory (Plan)	$19,358
PLANTE & MORAN, PLLC1 year Filed as: PLANTE & MORAN PLLC Service code 10 · EIN 38-1807015	Accounting	$12,500
TRANSAMERICA RETIREMENT SOLUTIONS3 years Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 39-0989781	Recordkeeping	$4,055

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D

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.
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.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$6K

$40 / participant

Other / not subdivided$6K100.0%

% of EOY assets

0.060%

all-in expense ratio

Categories reported

0 / 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: PLANTE & MORAN PLLC
Auditor EIN: 381357951
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$65,636

$54,573+20.3%

$90,970-27.8%

$73,497-10.7%

Participation rate

75.2%

61.2%+14.0pp

69.0%+6.2pp

70.7%+4.5pp

Annual return

17.85%

16.69%+1.2pp

134.60%-116.7pp

28.51%-10.7pp

Employer contribution / active EE

$991-100.0%

$2,122-100.0%

$2,270-100.0%

Participant deferral / active EE

$5,004

$2,517+98.8%

$3,373+48.4%

$3,740+33.8%

Admin fee / account holder

$39

$521-92.5%

$5,961-99.3%

$513-92.3%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EDWARD D JONES & COMPANY

Service code 27 · EIN 43-0345811

Advisory (Plan)

$19,358

PLANTE & MORAN, PLLC1 year

Filed as: PLANTE & MORAN PLLC

Service code 10 · EIN 38-1807015

Accounting

$12,500

TRANSAMERICA RETIREMENT SOLUTIONS3 years

Filed as: TRANSAMERICA LIFE INSURANCE COMPANY

Service code 15 · EIN 39-0989781

Recordkeeping

$4,055

BOB MAXEY LINCOLN MERCURY 401K PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BOB MAXEY LINCOLN MERCURY 401K 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