Retirement plan

SOUTHWORTH CHEVROLET, BUICK, GMC, INC. RETIREMENT SAVINGS PLAN

Name: SOUTHWORTH CHEVROLET, BUICK, GMC, INC. - SOUTHWORTH CHEVROLET, BUICK, GMC, INC. RETIREMENT SAVINGS PLAN (2023) Form 5500
Creator: SOUTHWORTH CHEVROLET, BUICK, GMC, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SOUTHWORTH CHEVROLET, BUICK, GMC, INC. RETIREMENT SAVINGS PLAN, SOUTHWORTH CHEVROLET, BUICK, GMC, INC.

SOUTHWORTH CHEVROLET, BUICK, GMC, INC.EIN 39-1441667Plan #001PY 2023

PO BOX 203 - BLOOMER, WI 54724715-568-2180southworthchevroletbuickgmc.comLinkedIn1-10 employees

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$3.8M

+20.1% from 2022

Total participants

-10.6% from 2022

Average account balance

$115,843

+31.1% from 2022

Annual return

16.57%

+34.23 pp from 2022

Benchmarks

See 9,480 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort9,480 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.40M

Not enough data

1 years with asset history on file

Average account balance

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

$113K

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.

63.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$395K

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

+11.09%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6996

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 codes2F2G2J2T3D2E

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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$281K

$7202 / participant

Other / not subdivided$281K100.0%

% of EOY assets

7.347%

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

$115,843

$65,555+76.7%

$86,216+34.4%

$75,173+54.1%

Participation rate

76.9%

60.5%+16.4pp

69.0%+8.0pp

67.2%+9.7pp

Annual return

16.57%

46.07%-29.5pp

1169.42%-1152.8pp

160.72%-144.1pp

Employer contribution / active EE

$2,246

$1,553+44.6%

$2,382-5.7%

$2,671-15.9%

Participant deferral / active EE

$7,512

$3,023+148.5%

$3,986+88.5%

$4,126+82.1%

Admin fee / account holder

$8,511

$5,469+55.6%

$6,853+24.2%

$5,651+50.6%

SOUTHWORTH CHEVROLET, BUICK, GMC, INC. RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SOUTHWORTH CHEVROLET, BUICK, GMC, INC. RETIREMENT SAVINGS 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