Retirement plan

THOMPSON AUTOMOTIVE GROUP 401(K) PLAN

Name: THOMPSON AUTOMOTIVE OF DUNDALK, INC - THOMPSON AUTOMOTIVE GROUP 401(K) PLAN (2022) Form 5500
Creator: THOMPSON AUTOMOTIVE OF DUNDALK, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THOMPSON AUTOMOTIVE GROUP 401(K) PLAN, THOMPSON AUTOMOTIVE OF DUNDALK, INC

THOMPSON AUTOMOTIVE OF DUNDALK, INCEIN 52-0909747Plan #001PY 2022

1000 MERRITT BOULEVARD - BALTIMORE, MD 21222410-282-6300LinkedIn1-10 employees

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$4.8M

-29.2% from 2021

Total participants

-35.0% from 2021

Average account balance

$70,081

-19.8% from 2021

Annual return

-17.79%

-27.73 pp from 2021

Benchmarks

See 9,445 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort9,445 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.58M

Not enough data

1 years with asset history on file

Average account balance

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

$43K

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.

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.

1500.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$42K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+11.79%

Not enough data

1 years with return on file

Admin fee / account holder

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

$38995

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

0 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
WEALTH ENHANCEMENT ADVISORY SE1 year Filed as: WEALTH ENHANCEMENT ADVISORY Service code 26 · EIN 41-2016508	Advisory (Participants)	$9,119
LPL FINANCIAL3 years Filed as: LPL FINANCIAL LLC Service code 26 · EIN 04-3046611	Advisory (Participants)	$7,806

Plan features & details

Pension benefit codes2E2G2J2K3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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.
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

$47K

$1020 / participant

Investment mgmt$17K36.1%
Contract admin$30K63.9%

% of EOY assets

0.985%

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: GORFINE, SCHILLER & GARDYN, PA
Auditor EIN: 521231901
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$70,081

$59,813+17.2%

$79,580-11.9%

$68,486+2.3%

Participation rate

45.7%

61.1%-15.4pp

69.5%-23.8pp

67.9%-22.2pp

Annual return

-17.79%

-12.30%-5.5pp

0.15%-17.9pp

-7.85%-9.9pp

Employer contribution / active EE

$3,001

$1,505+99.4%

$2,413+24.3%

$2,597+15.6%

Participant deferral / active EE

$4,975

$3,024+64.5%

$3,985+24.8%

$4,028+23.5%

Admin fee / account holder

$690

$4,835-85.7%

$6,835-89.9%

$5,404-87.2%

Provider

Service type

Compensation

WEALTH ENHANCEMENT ADVISORY SE1 year

Filed as: WEALTH ENHANCEMENT ADVISORY

Service code 26 · EIN 41-2016508

Advisory (Participants)

$9,119

LPL FINANCIAL3 years

Filed as: LPL FINANCIAL LLC

Service code 26 · EIN 04-3046611

Advisory (Participants)

$7,806

THOMPSON AUTOMOTIVE GROUP 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THOMPSON AUTOMOTIVE GROUP 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