Retirement plan

SAPAUGH MOTORS RETIREMENT PLAN

Name: SAPAUGH MOTORS, INC. - SAPAUGH MOTORS RETIREMENT PLAN (2020) Form 5500
Creator: SAPAUGH MOTORS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SAPAUGH MOTORS RETIREMENT PLAN, SAPAUGH MOTORS, INC.

SAPAUGH MOTORS, INC.EIN 43-1334413Plan #001PY 2020

1507 MCNUTT ST - HERCULANEUM, MO 63048636-931-0055sapaugh.comLinkedIn51-200 employeesautomotive

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$7.1M

+3.8% from 2019

Total participants

173

-3.4% from 2019

Average account balance

$52,757

+8.4% from 2019

Annual return

2.31%

-10.00 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

$8.43M

Not enough data

1 years with asset history on file

Average account balance

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

$53K

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.

159

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.

82.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$793K

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

+8.98%

Not enough data

1 years with return on file

Admin fee / account holder

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

$339

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
ASCENSUS LLC3 years Service code 15 · EIN 11-3665754	Recordkeeping	$16,110
EAGLES STRATEGIES, LLC3 years Service code 27 51 MADISON AVE · NEW YORK, NY 10010	Advisory (Plan)	$14,904
LWI FINANCIAL INC3 years Filed as: LWI FINANCIAL, INC. Service code 27 10 ALMADEN BLVD. · SAN JOSE, CA 95113	Advisory (Plan)	$11,254

Plan features & details

Pension benefit codes2S2E3D2G2J2K2F2T

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.
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.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$42K

$311 / participant

Investment mgmt$26K61.9%
Contract admin$16K38.1%

% of EOY assets

0.598%

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: CLIFTON LARSON ALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$52,757

$54,573-3.3%

$90,970-42.0%

$73,493-28.2%

Participation rate

71.3%

61.2%+10.2pp

69.0%+2.3pp

70.7%+0.6pp

Annual return

2.31%

16.69%-14.4pp

134.58%-132.3pp

28.51%-26.2pp

Employer contribution / active EE

$940

$991-5.2%

$2,122-55.7%

$2,270-58.6%

Participant deferral / active EE

$3,207

$2,517+27.4%

$3,373-4.9%

$3,740-14.3%

Admin fee / account holder

$315

$521-39.5%

$5,960-94.7%

$513-38.5%

Provider

Service type

Compensation

ASCENSUS LLC3 years

Service code 15 · EIN 11-3665754

Recordkeeping

$16,110

EAGLES STRATEGIES, LLC3 years

Service code 27

51 MADISON AVE · NEW YORK, NY 10010

Advisory (Plan)

$14,904

LWI FINANCIAL INC3 years

Filed as: LWI FINANCIAL, INC.

Service code 27

10 ALMADEN BLVD. · SAN JOSE, CA 95113

Advisory (Plan)

$11,254

SAPAUGH MOTORS RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SAPAUGH MOTORS RETIREMENT 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