Retirement plan

TRI-STAR IMPORTS 401(K) PLAN

Name: TRI-STAR IMPORTS, INC. DBA MERCEDES-BENZ OF ST. LOUIS - TRI-STAR IMPORTS 401(K) PLAN (2024) Form 5500
Creator: TRI-STAR IMPORTS, INC. DBA MERCEDES-BENZ OF ST. LOUIS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TRI-STAR IMPORTS 401(K) PLAN, TRI-STAR IMPORTS, INC. DBA MERCEDES-BENZ OF ST. LOUIS

TRI-STAR IMPORTS, INC. DBA MERCEDES-BENZ OF ST. LOUISEIN 43-1715337Plan #003PY 2024

885 S LINDBERGH BLVD - ST. LOUIS, MO 631312824314-817-2430

Prospect flagsHigh feesFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$8.3M

-1.7% from 2023

Total participants

235

+23.0% from 2023

Average account balance

$40,791

-26.9% from 2023

Annual return

13.83%

+3.03 pp from 2023

Benchmarks

See 2,310 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,310 peers

Snapshot2024

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 6 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY1 year Service code 13 · EIN 42-0127290	Contract Administrator	$52,424
MORGAN STANLEY SMITH BARNEY1 year Filed as: MORGAN STANLEY GLOBAL BA Service code 27 · EIN 20-8764829	Advisory (Plan)	$18,411
LBMC, PC4 years Service code 13 · EIN 62-1199757	Contract Administrator	$11,150
ERISA SERVICES, INC.1 year Filed as: ERISA SPECIALISTS Service code 13 · EIN 47-3852281	Contract Administrator	$10,545
401K SAFE1 year Filed as: 401K SAFE 3(16) LLC Service code 13 · EIN 83-0824803	Contract Administrator	$5,554
WILSHIRE ASSOCIATES INCORPORATED1 year Filed as: WILSHIRE ADVISORS LLC Service code 27 · EIN 95-2755361	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D

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

3 tripped

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

$83K

$418 / participant

Investment mgmt$3K3.4%
Contract admin$80K96.6%

% of EOY assets

1.006%

all-in expense ratio

Categories reported

2 / 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

$40,791

$59,448-31.4%

$93,696-56.5%

$74,459-45.2%

Participation rate

83.9%

59.6%+24.3pp

68.7%+15.2pp

67.2%+16.7pp

Annual return

13.83%

82.11%-68.3pp

133.74%-119.9pp

1369.70%-1355.9pp

Employer contribution / active EE

$1,355

$1,266+7.0%

$2,422-44.1%

$2,626-48.4%

Participant deferral / active EE

$3,040

$3,052-0.4%

$4,417-31.2%

$4,350-30.1%

Admin fee / account holder

$410

$3,027-86.4%

$8,287-95.0%

$1,945-78.9%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY1 year

Service code 13 · EIN 42-0127290

Contract Administrator

$52,424

MORGAN STANLEY SMITH BARNEY1 year

Filed as: MORGAN STANLEY GLOBAL BA

Service code 27 · EIN 20-8764829

Advisory (Plan)

$18,411

LBMC, PC4 years

Service code 13 · EIN 62-1199757

Contract Administrator

$11,150

ERISA SERVICES, INC.1 year

Filed as: ERISA SPECIALISTS

Service code 13 · EIN 47-3852281

Contract Administrator

$10,545

401K SAFE1 year

Filed as: 401K SAFE 3(16) LLC

Service code 13 · EIN 83-0824803

Contract Administrator

$5,554

WILSHIRE ASSOCIATES INCORPORATED1 year

Filed as: WILSHIRE ADVISORS LLC

Service code 27 · EIN 95-2755361

Advisory (Plan)

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