Retirement plan

TED BRITT FORD SALES, INC. 401(K) PROFIT SHARING PLAN

Name: TED BRITT FORD SALES, INC. - TED BRITT FORD SALES, INC. 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: TED BRITT FORD SALES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TED BRITT FORD SALES, INC. 401(K) PROFIT SHARING PLAN, TED BRITT FORD SALES, INC.

TED BRITT FORD SALES, INC.EIN 54-0652756Plan #002PY 2024

11165 FAIRFAX BLVD. - FAIRFAX, VA 22030703-218-4605

Prospect flagsFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$29.8M

+11.3% from 2023

Total participants

481

+3.2% from 2023

Average account balance

$62,660

+8.8% from 2023

Annual return

13.39%

-6.08 pp from 2023

Benchmarks

See 1,308 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort1,308 peers

Snapshot2024

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

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Analytics

Total assets (EOY)

Plan-year ending balance

$29.76M

Not enough data

1 years with asset history on file

Average account balance

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

$63K

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.

475

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.

98.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.70M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+13.39%

Not enough data

1 years with return on file

Admin fee / account holder

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

$225

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
NWPS5 years Service code 37 · EIN 91-2090931 300 E. JOPPA ROAD, SUITE 601 · TOWSON, MD 21286	Loan Processing	$52,069
GLOBAL RETIREMENT PARTNERS LLC2 years Service code 26 · EIN 47-1411118	Advisory (Participants)	$41,277
BENEFIT AUDIT GROUP, LLC2 years Service code 10 · EIN 26-2404897	Accounting	$13,200

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H2S

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$107K

$337 / participant

Recordkeeping$52K48.6%
Trustee / custodial$5000.5%
Investment mgmt$41K38.6%
Other / not subdivided$13K12.3%

% of EOY assets

0.360%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: BENEFIT AUDIT GROUP, LLC
Auditor EIN: 262404897
Audit fees: $13,200
Opinion code: Unqualified

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$62,660

$54,193+15.6%

$93,606-33.1%

$77,643-19.3%

Participation rate

98.1%

63.9%+34.2pp

68.7%+29.4pp

70.6%+27.5pp

Annual return

13.39%

30.54%-17.2pp

133.20%-119.8pp

31.24%-17.9pp

Employer contribution / active EE

$1,935

$1,168+65.7%

$2,420-20.0%

$2,726-29.0%

Participant deferral / active EE

$6,557

$3,144+108.6%

$4,411+48.6%

$4,647+41.1%

Admin fee / account holder

$225

$576-60.8%

$8,285-97.3%

$430-47.6%

Provider

Service type

Compensation

NWPS5 years

Service code 37 · EIN 91-2090931

300 E. JOPPA ROAD, SUITE 601 · TOWSON, MD 21286

Loan Processing

$52,069

GLOBAL RETIREMENT PARTNERS LLC2 years

Service code 26 · EIN 47-1411118

Advisory (Participants)

$41,277

BENEFIT AUDIT GROUP, LLC2 years

Service code 10 · EIN 26-2404897

Accounting

$13,200

TED BRITT FORD SALES, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TED BRITT FORD SALES, INC. 401(K) PROFIT SHARING 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