Retirement plan

ADVANCE AUTO PARTS, INC. 401(K) PLAN

Name: ADVANCE STORES COMPANY, INC. - ADVANCE AUTO PARTS, INC. 401(K) PLAN (2016) Form 5500
Creator: ADVANCE STORES COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ADVANCE AUTO PARTS, INC. 401(K) PLAN, ADVANCE STORES COMPANY, INC.

ADVANCE STORES COMPANY, INC.EIN 54-0118110Plan #002PY 2016

5008 AIRPORT ROAD - ROANOKE, VA 24012540-362-4911advancestrategiesllc.comLinkedIn1-10 employeesmanagement consulting

Prospect flagsLow participationFailed to provide benefitCorrective distributions

Top hat statement on fileNQDC

Filed March 10, 2006 (most recent of 2 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$567.9M

No prior year

Total participants

65,713

No prior year

Average account balance

$25,166

No prior year

Annual return

8.34%

No prior year

Benchmarks

See 90 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants>=10,000

Cohort90 peers

Snapshot2016

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$1.01B

Not enough data

1 years with asset history on file

Average account balance

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

$41K

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.

24,555

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.

27.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$96.72M

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

-0.53%

Not enough data

1 years with return on file

Admin fee / account holder

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

$59

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

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL2+ years Service code 37 · EIN 04-2647786	Loan Processing	$133,314
STRATEGIC ADVISORS, INC.2+ years Service code 27 · EIN 04-2654524	Advisory (Plan)	$102,158
PORTFOLIO EVALUATIONS, INC.2+ years Filed as: PORTFOLIO EVALUATIONS Service code 17 · EIN 22-3189064	Pension Consulting	$65,000
CHERRY BEKAERT LLP2+ years Filed as: CHERRY BEKAERT Service code 10 · EIN 56-0574444	Accounting	$20,000
WILLIS TOWERS WATSON US LLC2+ years Filed as: SCHWABE, WILLIAMSON, & WYATT Service code 29 · EIN 93-1130272	Legal	$9,770

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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceFailed to provide benefit
Form 5500 reported that benefits due were not provided when due.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$330K

$5 / participant

Investment mgmt$102K30.9%
Other / not subdivided$228K69.1%

% of EOY assets

0.058%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: CHERRY BEKAERT & HOLLAND, LLP
Auditor EIN: 056057444
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$25,166

$38,963-35.4%

$71,796-64.9%

$329,111-92.4%

Participation rate

30.6%

53.8%-23.2pp

69.1%-38.5pp

67.9%-37.3pp

Annual return

8.34%

9.85%-1.5pp

78.04%-69.7pp

16.35%-8.0pp

Employer contribution / active EE

$213

$758-71.9%

$1,924-89.0%

$2,303-90.8%

Participant deferral / active EE

$595

$1,286-53.7%

$2,794-78.7%

$3,682-83.8%

Admin fee / account holder

$15

$50-71.0%

$4,815-99.7%

$754-98.1%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL2+ years

Service code 37 · EIN 04-2647786

Loan Processing

$133,314

STRATEGIC ADVISORS, INC.2+ years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$102,158

PORTFOLIO EVALUATIONS, INC.2+ years

Filed as: PORTFOLIO EVALUATIONS

Service code 17 · EIN 22-3189064

Pension Consulting

$65,000

CHERRY BEKAERT LLP2+ years

Filed as: CHERRY BEKAERT

Service code 10 · EIN 56-0574444

Accounting

$20,000

WILLIS TOWERS WATSON US LLC2+ years

Filed as: SCHWABE, WILLIAMSON, & WYATT

Service code 29 · EIN 93-1130272

Legal

$9,770

ADVANCE AUTO PARTS, INC. 401(K) PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ADVANCE AUTO PARTS, INC. 401(K) PLAN

Top hat statement on fileNQDC

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