Retirement plan

TRI-STAR IMPORTS 401(K) PLAN

Name: TRI-STAR IMPORTS, INC. - TRI-STAR IMPORTS 401(K) PLAN (2023) 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 2023

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

Prospect flagsLow returnsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$8.4M

+15.7% from 2022

Total participants

191

-13.2% from 2022

Average account balance

$55,767

+40.3% from 2022

Annual return

10.80%

+24.64 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

$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

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

Service providers

Top 4 by compensation

Provider	Service type	Compensation
LINCOLN NATIONAL CORPORATION8 years Service code 13 · EIN 35-0472300 PO BOX 787 · FORT WAYNE, IN 46802	Contract Administrator	$53,835
LBMC, PC3 years Service code 23 · EIN 62-1199757 PO BOX 1869 · BRENTWOOD, TN 37024	Insurance services	$24,285
ERISA SPECIALIST2 years Service code 17 · EIN 47-3852281 302 EAST MAIN STREET · ALBERTVILLE, AL 35950	Pension Consulting	$12,068
401K SAFE4 years Filed as: 401K SAFE 3(16), LLC Service code 31 · EIN 83-0824803 P.O. BOX 518 · ALBERTVILLE, AL 35950	Named fiduciary	$9,978

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

$62K

$453 / participant

Contract admin$62K100.0%

% of EOY assets

0.742%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$55,767

$54,729+1.9%

$86,235-35.3%

$71,529-22.0%

Participation rate

71.0%

60.1%+10.9pp

69.0%+2.1pp

67.9%+3.1pp

Annual return

10.80%

20.07%-9.3pp

1170.03%-1159.2pp

28.97%-18.2pp

Employer contribution / active EE

$1,542

$1,267+21.7%

$2,381-35.2%

$2,590-40.5%

Participant deferral / active EE

$3,637

$3,110+16.9%

$3,987-8.8%

$4,291-15.2%

Admin fee / account holder

$414

$1,921-78.5%

$6,856-94.0%

$1,588-73.9%

Provider

Service type

Compensation

LINCOLN NATIONAL CORPORATION8 years

Service code 13 · EIN 35-0472300

PO BOX 787 · FORT WAYNE, IN 46802

Contract Administrator

$53,835

LBMC, PC3 years

Service code 23 · EIN 62-1199757

PO BOX 1869 · BRENTWOOD, TN 37024

Insurance services

$24,285

ERISA SPECIALIST2 years

Service code 17 · EIN 47-3852281

302 EAST MAIN STREET · ALBERTVILLE, AL 35950

Pension Consulting

$12,068

401K SAFE4 years

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

Service code 31 · EIN 83-0824803

P.O. BOX 518 · ALBERTVILLE, AL 35950

Named fiduciary

$9,978

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