Retirement plan

PARK JEEP, INC. EMPLOYEE SAVINGS AND PROFIT SHARING PLAN

Name: PARK JEEP, INC. - PARK JEEP, INC. EMPLOYEE SAVINGS AND PROFIT SHARING PLAN (2017) Form 5500
Creator: PARK JEEP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PARK JEEP, INC. EMPLOYEE SAVINGS AND PROFIT SHARING PLAN, PARK JEEP, INC.

PARK JEEP, INC.EIN 41-0846804Plan #001PY 2017

1408 WEST HIGHWAY 13 - BURNSVILLE, MN 55337952-890-5337LinkedIn201-500 employeesretail

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$6.5M

+5.3% from 2016

Total participants

194

-8.9% from 2016

Average account balance

$36,641

+20.1% from 2016

Annual return

15.48%

+10.06 pp from 2016

Benchmarks

See 2,319 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,319 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.62M

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.

170

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.

86.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$843K

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

+12.22%

Not enough data

1 years with return on file

Admin fee / account holder

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

$281

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

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 42-0127290	Contract Administrator	$12,123
AMERIPRISE FINANCIAL SERVICES INC3+ years Filed as: AMERIPRISE FINANCIAL SERVICES INC. Service code 49	Other Services	$11,622
CASEY, MENDEN, FAUST & NELSON PA1 year Filed as: CASEY, MENDEN, FAUST & NELSON, P.A. Service code 13 · EIN 41-1535741	Contract Administrator	$5,934
AMERIPRISE FINANCIAL SERVICES INC3+ years Filed as: AMERIPRISE FINANCIAL SERVICES Service code 49 · EIN 41-0973005	Other Services	$0
WILSHIRE ASSOCIATES INCORPORATED3+ years Service code 27 · EIN 95-2755361	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2H2J2S2T3D3H

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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$67K

$554 / participant

Contract admin$61K91.2%
Other / not subdivided$6K8.8%

% of EOY assets

1.028%

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: CASEY, MENDEN, FAUST & NELSON, P.A.
Auditor EIN: 411535741
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$36,641

$51,466-28.8%

$78,778-53.5%

$62,293-41.2%

Participation rate

86.8%

59.8%+27.0pp

69.2%+17.6pp

69.5%+17.3pp

Annual return

15.48%

19.96%-4.5pp

35.62%-20.1pp

28.90%-13.4pp

Employer contribution / active EE

$662

$827-20.0%

$1,986-66.7%

$2,042-67.6%

Participant deferral / active EE

$2,541

$2,147+18.3%

$2,958-14.1%

$3,169-19.8%

Admin fee / account holder

$377

$489-23.0%

$5,134-92.7%

$479-21.4%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY3+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$12,123

AMERIPRISE FINANCIAL SERVICES INC3+ years

Filed as: AMERIPRISE FINANCIAL SERVICES INC.

Service code 49

Other Services

$11,622

CASEY, MENDEN, FAUST & NELSON PA1 year

Filed as: CASEY, MENDEN, FAUST & NELSON, P.A.

Service code 13 · EIN 41-1535741

Contract Administrator

$5,934

AMERIPRISE FINANCIAL SERVICES INC3+ years

Filed as: AMERIPRISE FINANCIAL SERVICES

Service code 49 · EIN 41-0973005

Other Services

WILSHIRE ASSOCIATES INCORPORATED3+ years

Service code 27 · EIN 95-2755361

Advisory (Plan)

PARK JEEP, INC. EMPLOYEE SAVINGS AND PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PARK JEEP, INC. EMPLOYEE SAVINGS AND PROFIT SHARING 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