Retirement plan

BOB BROWN CHEVROLET, INC. PROFIT SHARING PLAN

Name: BOB BROWN CHEVROLET, INC. - BOB BROWN CHEVROLET, INC. PROFIT SHARING PLAN (2024) Form 5500
Creator: BOB BROWN CHEVROLET, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BOB BROWN CHEVROLET, INC. PROFIT SHARING PLAN, BOB BROWN CHEVROLET, INC.

BOB BROWN CHEVROLET, INC.EIN 42-0846759Plan #001PY 2024

3600 111TH STREET - URBANDALE, IA 50322515-278-7898bobbrownauto.comLinkedIn51-200 employeesautomotive

Prospect flagsFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$16.6M

+15.1% from 2023

Total participants

291

-7.6% from 2023

Average account balance

$68,610

+12.3% from 2023

Annual return

14.25%

-0.85 pp from 2023

Benchmarks

See 1,305 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort1,305 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$16.60M

Not enough data

1 years with asset history on file

Average account balance

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

$69K

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.

242

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.

81.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.65M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+14.25%

Not enough data

1 years with return on file

Admin fee / account holder

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

$265

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 6 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$40,894
MORGAN STANLEY SMITH BARNEY7 years Filed as: MORGAN STANLEY SMITH BARNEY LLC Service code 55	Other Commissions	$28,771
THE FINWAY GROUP2 years Service code 13 5625 MILLS CIVIC PKWY · WEST DES MOINES, IA 50266	Contract Administrator	$22,006
LEAFHOUSE FINANCIAL ADVISORS, LLC1 year Service code 99 6300 BRIDGE POINT PKWY · AUSTIN, TX 787305097	Other Fees	$5,444
MORGAN STANLEY SMITH BARNEY1 year Filed as: MORGAN STANLEY INSURANCE SERVICES I Service code 55	Other Commissions	$449
MORGAN STANLEY SMITH BARNEY1 year Service code 55 1 NEW YORK PLZ 12TH FL · NEW YORK, NY 10004	Other Commissions	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3B3D

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.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$64K

$245 / participant

Contract admin$64K100.0%

% of EOY assets

0.387%

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: EIDE BAILLY LLP
Auditor EIN: 450250958
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$68,610

$54,245+26.5%

$93,727-26.8%

$77,762-11.8%

Participation rate

81.3%

63.9%+17.4pp

68.7%+12.6pp

70.6%+10.7pp

Annual return

14.25%

30.58%-16.3pp

133.83%-119.6pp

31.27%-17.0pp

Employer contribution / active EE

$1,359

$1,168+16.4%

$2,421-43.9%

$2,728-50.2%

Participant deferral / active EE

$4,948

$3,144+57.4%

$4,417+12.0%

$4,651+6.4%

Admin fee / account holder

$265

$575-53.9%

$8,292-96.8%

$433-38.7%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$40,894

MORGAN STANLEY SMITH BARNEY7 years

Filed as: MORGAN STANLEY SMITH BARNEY LLC

Service code 55

Other Commissions

$28,771

THE FINWAY GROUP2 years

Service code 13

5625 MILLS CIVIC PKWY · WEST DES MOINES, IA 50266

Contract Administrator

$22,006

LEAFHOUSE FINANCIAL ADVISORS, LLC1 year

Service code 99

6300 BRIDGE POINT PKWY · AUSTIN, TX 787305097

Other Fees

$5,444

MORGAN STANLEY SMITH BARNEY1 year

Filed as: MORGAN STANLEY INSURANCE SERVICES I

Service code 55

Other Commissions

$449

MORGAN STANLEY SMITH BARNEY1 year

Service code 55

1 NEW YORK PLZ 12TH FL · NEW YORK, NY 10004

Other Commissions

BOB BROWN CHEVROLET, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BOB BROWN CHEVROLET, INC. 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