Retirement plan

TRI-STAR IMPORTS 401(K) PLAN

Name: TRI-STAR IMPORTS, INC. - TRI-STAR IMPORTS 401(K) PLAN (2021) Form 5500
Creator: TRI-STAR IMPORTS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TRI-STAR IMPORTS 401(K) PLAN, TRI-STAR IMPORTS, INC.

TRI-STAR IMPORTS, INC.dba MERCEDES-BENZ OF ST. LOUISEIN 43-1715337Plan #003PY 2021

1048 HAMPTON AVENUE - ST. LOUIS, MO 63139314-647-2400

Prospect flagsLow returnsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$8.2M

+11.1% from 2020

Total participants

217

+21.9% from 2020

Average account balance

$44,546

-13.8% from 2020

Annual return

9.26%

-2.94 pp from 2020

Benchmarks

See 2,172 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,172 peers

Snapshot2021

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$8.28M

Not enough data

1 years with asset history on file

Average account balance

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

$41K

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.

203

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.

83.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$875K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+13.83%

Not enough data

1 years with return on file

Admin fee / account holder

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

$410

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

See the 10-year trajectory. $4.99 for your first month.

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
LINCOLN NATIONAL CORPORATION6 years Service code 13 · EIN 35-0472300 PO BOX 787 · FORT WAYNE, IN 46802	Contract Administrator	$54,140
401K SAFE2 years Filed as: 401K SAFE 3(16), LLC Service code 31 · EIN 83-0824803 P.O. BOX 518 · ALBERTVILLE, AL 35950	Named fiduciary	$21,890
STEVENS DOWD & COMPANY2 years Service code 15 · EIN 81-4671785 629 LAKELAND EAST DRIVE · JACKSON, MS 39232	Recordkeeping	$16,166
LBMC, PC1 year Service code 10 · EIN 62-1199757 P.O. BOX 1869 · BRENTWOOD, TN 37024	Accounting	$7,150
INTERWEB INSURANCE1 year Service code 23 · EIN 46-5525332 94 ACOMA BOULEVARD S., STE 200 · LAKE HAVASU CITY, AZ 86403	Insurance services	$550

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D3H

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.
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

3 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.
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

$96K

$663 / participant

Contract admin$95K99.2%
Other / not subdivided$8050.8%

% of EOY assets

1.179%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: LBMC, PC
Auditor EIN: 621199757
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$44,546

$59,263-24.8%

$96,562-53.9%

$79,386-43.9%

Participation rate

76.6%

61.9%+14.7pp

69.8%+6.7pp

70.7%+5.8pp

Annual return

9.26%

27.07%-17.8pp

37.78%-28.5pp

116.85%-107.6pp

Employer contribution / active EE

$1,488

$1,216+22.4%

$2,356-36.9%

$2,427-38.7%

Participant deferral / active EE

$2,954

$2,948+0.2%

$3,849-23.3%

$4,046-27.0%

Admin fee / account holder

$525

$658-20.3%

$6,181-91.5%

$626-16.2%

Provider

Service type

Compensation

LINCOLN NATIONAL CORPORATION6 years

Service code 13 · EIN 35-0472300

PO BOX 787 · FORT WAYNE, IN 46802

Contract Administrator

$54,140

401K SAFE2 years

Filed as: 401K SAFE 3(16), LLC

Service code 31 · EIN 83-0824803

P.O. BOX 518 · ALBERTVILLE, AL 35950

Named fiduciary

$21,890

STEVENS DOWD & COMPANY2 years

Service code 15 · EIN 81-4671785

629 LAKELAND EAST DRIVE · JACKSON, MS 39232

Recordkeeping

$16,166

LBMC, PC1 year

Service code 10 · EIN 62-1199757

P.O. BOX 1869 · BRENTWOOD, TN 37024

Accounting

$7,150

INTERWEB INSURANCE1 year

Service code 23 · EIN 46-5525332

94 ACOMA BOULEVARD S., STE 200 · LAKE HAVASU CITY, AZ 86403

Insurance services

$550

TRI-STAR IMPORTS 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TRI-STAR IMPORTS 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