Retirement plan

NORTHWEST TIRE, INC. 401(K) PROFIT SHARING PLAN

Name: NORTHWEST TIRE, INC. - NORTHWEST TIRE, INC. 401(K) PROFIT SHARING PLAN (2018) Form 5500
Creator: NORTHWEST TIRE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NORTHWEST TIRE, INC. 401(K) PROFIT SHARING PLAN, NORTHWEST TIRE, INC.

NORTHWEST TIRE, INC.EIN 45-0339586Plan #004PY 2018

PO BOX 6247, 1615 E BISMARCK EXPRESSWAY - BISMARCK, ND 585066247701-221-9600nwtire.comLinkedIn201-500 employeesindividual & family services

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$8.6M

-0.6% from 2017

Total participants

228

+5.6% from 2017

Average account balance

$42,441

-5.5% from 2017

Annual return

-5.74%

-26.62 pp from 2017

Benchmarks

See 2,219 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,219 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$18.51M

Not enough data

1 years with asset history on file

Average account balance

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

$70K

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.

263

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.

84.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.33M

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

+17.47%

Not enough data

1 years with return on file

Admin fee / account holder

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

$327

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 2 by compensation

Provider	Service type	Compensation
AMERICAN REALTY ADVISORS4+ years Filed as: AMERICAN TRUST CENTER Service code 21 · EIN 45-0436653 320 N 4TH ST · BISMARCK, ND 58502	Bank Trustee	$39,839
INVESTMENT CENTERS OF AMERICA4+ years Service code 27 · EIN 45-0389744 320 N 4TH ST · BISMARCK, ND 58502	Advisory (Plan)	$26,473

Plan features & details

Pension benefit codes2E2F2G2J2K2T3H

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.
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.
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

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$66K

$397 / participant

Investment mgmt$26K39.9%
Contract admin$40K60.1%

% of EOY assets

0.770%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$42,441

$42,548-0.3%

$74,551-43.1%

$56,289-24.6%

Participation rate

85.0%

60.5%+24.6pp

69.1%+15.9pp

69.9%+15.2pp

Annual return

-5.74%

12.40%-18.1pp

32.53%-38.3pp

-9.96%+4.2pp

Employer contribution / active EE

$719

$855-15.9%

$1,961-63.3%

$2,111-65.9%

Participant deferral / active EE

$3,192

$2,277+40.2%

$3,108+2.7%

$3,350-4.7%

Admin fee / account holder

$327

$467-30.1%

$5,059-93.5%

$521-37.3%

Provider

Service type

Compensation

AMERICAN REALTY ADVISORS4+ years

Filed as: AMERICAN TRUST CENTER

Service code 21 · EIN 45-0436653

320 N 4TH ST · BISMARCK, ND 58502

Bank Trustee

$39,839

INVESTMENT CENTERS OF AMERICA4+ years

Service code 27 · EIN 45-0389744

320 N 4TH ST · BISMARCK, ND 58502

Advisory (Plan)

$26,473

NORTHWEST TIRE, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NORTHWEST TIRE, INC. 401(K) 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