Retirement plan

CRAIN AUTOMOTIVE TEAM 401(K) PLAN

Name: CRAIN AUTOMOTIVE HOLDINGS, LLC - CRAIN AUTOMOTIVE TEAM 401(K) PLAN (2020) Form 5500
Creator: CRAIN AUTOMOTIVE HOLDINGS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CRAIN AUTOMOTIVE TEAM 401(K) PLAN, CRAIN AUTOMOTIVE HOLDINGS, LLC

CRAIN AUTOMOTIVE HOLDINGS, LLCEIN 52-2173821Plan #001PY 2020

5980 WADLEY ROAD - SHERWOOD, AR 72120501-542-5069crainteam.comLinkedIn501-1000 employeesautomotive

Prospect flagsLow assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$6M

+23.2% from 2019

Total participants

612

+8.3% from 2019

Average account balance

$12,075

+9.0% from 2019

Annual return

15.25%

-3.51 pp from 2019

Benchmarks

See 1,285 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort1,285 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.93M

Not enough data

1 years with asset history on file

Average account balance

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

$10K

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.

937

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.

77.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.52M

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

+15.56%

Not enough data

1 years with return on file

Admin fee / account holder

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

$77

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 1 by compensation

Provider	Service type	Compensation
JOHN HANCOCK LIFE INSURANCE COMPANY4+ years Service code 15 · EIN 01-0233346	Recordkeeping	$2,682

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.

Opportunity flags

2 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$57K

$128 / participant

Contract admin$37K64.7%
Other / not subdivided$20K35.3%

% of EOY assets

0.949%

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: RASCO WINTER THOMAS GROUP
Auditor EIN: 710448488
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$12,075

$64,286-81.2%

$90,965-86.7%

$73,412-83.6%

Participation rate

73.0%

63.6%+9.4pp

69.0%+4.0pp

72.2%+0.8pp

Annual return

15.25%

21.46%-6.2pp

134.57%-119.3pp

59.30%-44.0pp

Employer contribution / active EE

$391

$895-56.2%

$2,122-81.6%

$2,234-82.5%

Participant deferral / active EE

$1,966

$2,453-19.9%

$3,373-41.7%

$3,806-48.3%

Admin fee / account holder

$115

$287-60.1%

$5,960-98.1%

$158-27.4%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY4+ years

Service code 15 · EIN 01-0233346

Recordkeeping

$2,682

CRAIN AUTOMOTIVE TEAM 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CRAIN AUTOMOTIVE TEAM 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