Retirement plan

THE IDEAL AUTOMOTIVE GROUP PLAN

Name: IDEAL BUICK, INC. - THE IDEAL AUTOMOTIVE GROUP PLAN (2019) Form 5500
Creator: IDEAL BUICK, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE IDEAL AUTOMOTIVE GROUP PLAN, IDEAL BUICK, INC.

IDEAL BUICK, INC.EIN 52-1090468Plan #002PY 2019

5871 URBANA PIKE - FREDERICK, MD 21704301-228-0791idealbuickgmchyundai.comLinkedIn51-200 employeesautomotive

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$1.7M

-27.7% from 2018

Total participants

-56.0% from 2018

Average account balance

$33,587

+5.6% from 2018

Annual return

-17.78%

+19.06 pp from 2018

Benchmarks

See 18,790 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants<25

Cohort18,790 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.50M

Not enough data

1 years with asset history on file

Average account balance

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

$28K

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.

87.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$185K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+10.79%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5629

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

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
SUNTRUST BANKS, INC.4+ years Filed as: BRANCH BANKING AND TRUST COMPANY Service code 16 · EIN 56-1368984	Consulting	$18,008
COUNCILOR, BUCHANAN & MITCHELL, PC4+ years Service code 10 · EIN 52-1711839	Accounting	$14,000
INSTITUTIONAL INVESTMENT CONSULTING4+ years Filed as: BB&T INSTITUTIONAL ADVISORS, INC. Service code 26 · EIN 57-0956597	Advisory (Participants)	$9,297

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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

2 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.

Expense breakdown

Schedule H Part II

Admin total

$41K

$1721 / participant

Investment mgmt$9K22.5%
Other / not subdivided$32K77.5%

% of EOY assets

2.365%

all-in expense ratio

Categories reported

1 / 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: COUNCILOR, BUCHANAN, MITCHELL, CPAS
Auditor EIN: 521711839
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$33,587

$106,923-68.6%

$84,023-60.0%

$152,909-78.0%

Participation rate

87.5%

75.3%+12.2pp

69.0%+18.5pp

82.5%+5.0pp

Annual return

-17.78%

105.02%-122.8pp

71.32%-89.1pp

345.46%-363.2pp

Employer contribution / active EE

$714

$2,735-73.9%

$1,984-64.0%

$4,764-85.0%

Participant deferral / active EE

$5,490

$4,013+36.8%

$3,239+69.5%

$5,851-6.2%

Admin fee / account holder

$794

$8,289-90.4%

$6,102-87.0%

$11,601-93.2%

Provider

Service type

Compensation

SUNTRUST BANKS, INC.4+ years

Filed as: BRANCH BANKING AND TRUST COMPANY

Service code 16 · EIN 56-1368984

Consulting

$18,008

COUNCILOR, BUCHANAN & MITCHELL, PC4+ years

Service code 10 · EIN 52-1711839

Accounting

$14,000

INSTITUTIONAL INVESTMENT CONSULTING4+ years

Filed as: BB&T INSTITUTIONAL ADVISORS, INC.

Service code 26 · EIN 57-0956597

Advisory (Participants)

$9,297

THE IDEAL AUTOMOTIVE GROUP PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE IDEAL AUTOMOTIVE GROUP 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