Retirement plan

OURISMAN COMPANIES 401K PLAN

Name: OURISMAN CHEVROLET CO. INC. - OURISMAN COMPANIES 401K PLAN (2022) Form 5500
Creator: OURISMAN CHEVROLET CO. INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OURISMAN COMPANIES 401K PLAN, OURISMAN CHEVROLET CO. INC.

OURISMAN CHEVROLET CO. INC.EIN 52-0781971Plan #001PY 2022

4400 BRANCH AVENUE - MARLOW HEIGHTS, MD 20748703-973-6598ourismanchevrolet.comLinkedIn501-1000 employeesretail

Prospect flagsLow participationLow employer contribution

How to read this page

Total assets (EOY)

$18.8M

-16.0% from 2021

Total participants

612

-22.3% from 2021

Average account balance

$86,972

-18.7% from 2021

Annual return

-17.47%

-30.54 pp from 2021

Benchmarks

See 1,277 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort1,277 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$26.96M

Not enough data

1 years with asset history on file

Average account balance

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

$121K

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.

223

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.

22.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.74M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+17.66%

Not enough data

1 years with return on file

Admin fee / account holder

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

$14

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 UNITED LIFE INSURANCE CO8+ years Service code 15 · EIN 35-0145825	Recordkeeping	$72,407
GLOBAL RETIREMENT PARTNERS LLC5 years Filed as: GLOBAL RETIREMENT PARTNERS Service code 16 · EIN 47-1411118	Consulting	$24,850

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$2K

$4 / participant

Contract admin$2K100.0%

% of EOY assets

0.012%

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: WEGLEYHIGGINBOTHAM AND ASSOC PLC
Auditor EIN: 260776291
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$86,972

$42,367+105.3%

$79,580+9.3%

$64,819+34.2%

Participation rate

29.2%

64.7%-35.6pp

69.5%-40.3pp

71.5%-42.3pp

Annual return

-17.47%

-12.23%-5.2pp

0.15%-17.6pp

32.84%-50.3pp

Employer contribution / active EE

$259

$1,181-78.1%

$2,413-89.3%

$2,507-89.7%

Participant deferral / active EE

$2,684

$3,170-15.3%

$3,985-32.7%

$4,311-37.7%

Admin fee / account holder

$10

$160-93.6%

$6,835-99.9%

$188-94.6%

Provider

Service type

Compensation

AMERICAN UNITED LIFE INSURANCE CO8+ years

Service code 15 · EIN 35-0145825

Recordkeeping

$72,407

GLOBAL RETIREMENT PARTNERS LLC5 years

Filed as: GLOBAL RETIREMENT PARTNERS

Service code 16 · EIN 47-1411118

Consulting

$24,850

OURISMAN COMPANIES 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OURISMAN COMPANIES 401K 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