Retirement plan

HALEY AUTOMOTIVE GROUP PROFIT SHARING PLAN

Name: HALEY PONTIAC GMC TRUCK, INC. - HALEY AUTOMOTIVE GROUP PROFIT SHARING PLAN (2017) Form 5500
Creator: HALEY PONTIAC GMC TRUCK, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HALEY AUTOMOTIVE GROUP PROFIT SHARING PLAN, HALEY PONTIAC GMC TRUCK, INC.

HALEY PONTIAC GMC TRUCK, INC.EIN 54-0719909Plan #001PY 2017

9811 MIDLOTHIAN TURNPIKE - RICHMOND, VA 23235804-320-9054haleyauto.netLinkedIn11-50 employeesretail

Prospect flagsLow participationLow employer contributionFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$21M

+12.2% from 2016

Total participants

557

-1.6% from 2016

Average account balance

$66,972

+17.2% from 2016

Annual return

15.79%

+7.96 pp from 2016

Benchmarks

See 1,218 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort1,218 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$28.44M

Not enough data

1 years with asset history on file

Average account balance

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

$82K

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.

349

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.

43.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.85M

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

+10.10%

Not enough data

1 years with return on file

Admin fee / account holder

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

$364

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 10 of 11 by compensation

Provider	Service type	Compensation
LPL FINANCIAL3+ years Filed as: LPL FINANCIAL LLC Service code 27	Advisory (Plan)	$42,006
JPMORGAN INVEST HOLDINGS LLC3+ years Filed as: CHASE BENEFIT ADVISORS Service code 13 · EIN 54-1370499 4801 COX ROAD, SUITE 204 · GLEN ALLEN, VA 23060	Contract Administrator	$21,278
MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years Filed as: MASSMUTUAL LIFE INSURANCE COMPANY Service code 52 · EIN 04-1590850 1295 STATE STREET · SPRINGFIELD, MA 01111	Indirect Investment Fees	$16,436
TAXCOUNSEL, LTD.1 year Service code 29 · EIN 16-1725707	Legal	$577
AMERICAN CENTURY1 year Service code 52 · EIN 43-1646043	Indirect Investment Fees	$0
AMERICAN FUNDS1 year Service code 52 · EIN 94-6050854	Indirect Investment Fees	$0
MORGAN STANLEY SMITH BARNEY1 year Filed as: JP MORGAN Service code 52 · EIN 90-0342299	Indirect Investment Fees	$0
LPL FINANCIAL3+ years Filed as: LPL FINANCIAL CORPORATION Service code 27 · EIN 95-2834236 4801 COX ROAD, SUITE 204 · GLEN ALLEN, VA 23060	Advisory (Plan)	$0
OPPENHEIMER1 year Service code 52 · EIN 13-3867060	Indirect Investment Fees	$0
RIDGEWORTH1 year Service code 52 · EIN 90-0342299	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
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

$22K

$43 / participant

Contract admin$22K100.0%

% of EOY assets

0.104%

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: ROBINSON, FARMER, COX ASSOCIATES
Auditor EIN: 541896113
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$66,972

$48,064+39.3%

$78,778-15.0%

$69,631-3.8%

Participation rate

52.0%

61.6%-9.6pp

69.2%-17.2pp

70.7%-18.7pp

Annual return

15.79%

21.81%-6.0pp

35.62%-19.8pp

27571.02%-27555.2pp

Employer contribution / active EE

$162

$744-78.3%

$1,986-91.9%

$2,032-92.1%

Participant deferral / active EE

$2,243

$2,079+7.9%

$2,958-24.2%

$3,224-30.4%

Admin fee / account holder

$69

$152-54.3%

$5,134-98.6%

$110-37.2%

Provider

Service type

Compensation

LPL FINANCIAL3+ years

Filed as: LPL FINANCIAL LLC

Service code 27

Advisory (Plan)

$42,006

JPMORGAN INVEST HOLDINGS LLC3+ years

Filed as: CHASE BENEFIT ADVISORS

Service code 13 · EIN 54-1370499

4801 COX ROAD, SUITE 204 · GLEN ALLEN, VA 23060

Contract Administrator

$21,278

MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years

Filed as: MASSMUTUAL LIFE INSURANCE COMPANY

Service code 52 · EIN 04-1590850

1295 STATE STREET · SPRINGFIELD, MA 01111

Indirect Investment Fees

$16,436

TAXCOUNSEL, LTD.1 year

Service code 29 · EIN 16-1725707

Legal

$577

AMERICAN CENTURY1 year

Service code 52 · EIN 43-1646043

Indirect Investment Fees

AMERICAN FUNDS1 year

Service code 52 · EIN 94-6050854

Indirect Investment Fees

MORGAN STANLEY SMITH BARNEY1 year

Filed as: JP MORGAN

Service code 52 · EIN 90-0342299

Indirect Investment Fees

LPL FINANCIAL3+ years

Filed as: LPL FINANCIAL CORPORATION

Service code 27 · EIN 95-2834236

4801 COX ROAD, SUITE 204 · GLEN ALLEN, VA 23060

Advisory (Plan)

OPPENHEIMER1 year

Service code 52 · EIN 13-3867060

Indirect Investment Fees

RIDGEWORTH1 year

Service code 52 · EIN 90-0342299

Indirect Investment Fees

HALEY AUTOMOTIVE GROUP PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HALEY AUTOMOTIVE GROUP 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