Retirement plan

SUNDANCE CHEVROLET 401(K) PLAN

Name: SUNDANCE CHEVROLET, INC - SUNDANCE CHEVROLET 401(K) PLAN (2020) Form 5500
Creator: SUNDANCE CHEVROLET, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SUNDANCE CHEVROLET 401(K) PLAN, SUNDANCE CHEVROLET, INC

SUNDANCE CHEVROLET, INCEIN 38-2352086Plan #001PY 2020

5895 EAST SAGINAW HWY - GRAND LEDGE, MI 48837517-622-6003sundancechevyranch.comLinkedIn51-200 employeesautomotive

Prospect flagsLow participationLow employer contribution

How to read this page

Total assets (EOY)

$7.1M

+15.4% from 2019

Total participants

195

+8.9% from 2019

Average account balance

$86,803

+23.9% from 2019

Annual return

14.21%

-5.83 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

$9.79M

Not enough data

1 years with asset history on file

Average account balance

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

$114K

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.

50.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$577K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+14.54%

Not enough data

1 years with return on file

Admin fee / account holder

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

$11649

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 1 by compensation

Provider	Service type	Compensation
SENTRY LIFE INSURANCE COMPANY5+ years Service code 37 · EIN 39-6040276	Loan Processing	$1,470

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$5K

$24 / participant

Investment mgmt$3K67.5%
Contract admin$1K32.5%

% of EOY assets

0.064%

all-in expense ratio

Categories reported

2 / 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: MANER COSTERISAN PC
Auditor EIN: 382157642
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$86,803

$54,573+59.1%

$90,970-4.6%

$73,493+18.1%

Participation rate

39.2%

61.2%-21.9pp

69.0%-29.8pp

70.7%-31.4pp

Annual return

14.21%

16.69%-2.5pp

134.58%-120.4pp

28.51%-14.3pp

Employer contribution / active EE

$991-100.0%

$2,122-100.0%

$2,270-100.0%

Participant deferral / active EE

$2,072

$2,517-17.7%

$3,373-38.6%

$3,740-44.6%

Admin fee / account holder

$55

$521-89.4%

$5,960-99.1%

$513-89.2%

Provider

Service type

Compensation

SENTRY LIFE INSURANCE COMPANY5+ years

Service code 37 · EIN 39-6040276

Loan Processing

$1,470

SUNDANCE CHEVROLET 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SUNDANCE CHEVROLET 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