Retirement plan

ANDREW AUTOMOTIVE GROUP 401(K) PLAN

Name: ANDREW CHEVROLET, INC. - ANDREW AUTOMOTIVE GROUP 401(K) PLAN (2023) Form 5500
Creator: ANDREW CHEVROLET, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ANDREW AUTOMOTIVE GROUP 401(K) PLAN, ANDREW CHEVROLET, INC.

ANDREW CHEVROLET, INC.EIN 39-1764755Plan #002PY 2023

1620 WEST SILVER SPRING DRIVE - MILWAUKEE, WI 53209414-228-6200trustandrew.comLinkedIn501-1000 employeesautomotive

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$11.3M

+26.2% from 2022

Total participants

211

+6.0% from 2022

Average account balance

$61,559

-15.2% from 2022

Annual return

20.13%

+37.17 pp from 2022

Benchmarks

See 2,283 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,283 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.97M

Not enough data

1 years with asset history on file

Average account balance

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

$62K

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.

193

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.

87.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$756K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+15.51%

Not enough data

1 years with return on file

Admin fee / account holder

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

$173

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
BELPOINTE ASSET MANAGEMENT LLC1 year Filed as: BELPOINTE ASSET MANAGEMENT, LLC Service code 99 · EIN 56-2641678	Other Fees	$25,037
THE RETIREMENT ADVANTAGE INC3 years Filed as: THE RETIREMENT ADVANTAGE, INC Service code 49 600 S NICOLET RD · APPLETON, WI 54914	Other Services	$8,681
VOYA RETIREMENT INSURANCE & ANNUITY3 years Filed as: VOYA RETIREMENT INS & ANNUITY CO Service code 26 · EIN 71-0294708	Advisory (Participants)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3D3H

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.
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

1 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$5K

$31 / participant

Contract admin$5K100.0%

% of EOY assets

0.042%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BAKER TILLY US, LLP
Auditor EIN: 301413443
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$61,559

$54,729+12.5%

$86,235-28.6%

$71,529-13.9%

Participation rate

81.9%

60.1%+21.8pp

69.0%+13.0pp

67.9%+14.0pp

Annual return

20.13%

20.07%+0.1pp

1170.03%-1149.9pp

28.97%-8.8pp

Employer contribution / active EE

$1,007

$1,267-20.5%

$2,381-57.7%

$2,590-61.1%

Participant deferral / active EE

$3,904

$3,110+25.5%

$3,987-2.1%

$4,291-9.0%

Admin fee / account holder

$26

$1,921-98.6%

$6,856-99.6%

$1,588-98.4%

Provider

Service type

Compensation

BELPOINTE ASSET MANAGEMENT LLC1 year

Filed as: BELPOINTE ASSET MANAGEMENT, LLC

Service code 99 · EIN 56-2641678

Other Fees

$25,037

THE RETIREMENT ADVANTAGE INC3 years

Filed as: THE RETIREMENT ADVANTAGE, INC

Service code 49

600 S NICOLET RD · APPLETON, WI 54914

Other Services

$8,681

VOYA RETIREMENT INSURANCE & ANNUITY3 years

Filed as: VOYA RETIREMENT INS & ANNUITY CO

Service code 26 · EIN 71-0294708

Advisory (Participants)

ANDREW AUTOMOTIVE GROUP 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ANDREW AUTOMOTIVE GROUP 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