Retirement plan

DUTCH MILLER CHEVROLET, INC. 401(K) PROFIT SHARING RETIREMENT PLAN

Name: DUTCH MILLER CHEVROLET, INC. - DUTCH MILLER CHEVROLET, INC. 401(K) PROFIT SHARING RETIREMENT PLAN (2023) Form 5500
Creator: DUTCH MILLER CHEVROLET, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DUTCH MILLER CHEVROLET, INC. 401(K) PROFIT SHARING RETIREMENT PLAN, DUTCH MILLER CHEVROLET, INC.

DUTCH MILLER CHEVROLET, INC.EIN 55-0660979Plan #002PY 2023

1100 WASHINGTON AVE, P.O. BOX 9069 - HUNTINGTON, WV 257040069304-529-2301dutchmillerchevy.comLinkedIn1-10 employees

Prospect flagsLow assets / participantFailed to transmit contributions

How to read this page

Total assets (EOY)

$6.3M

+27.5% from 2022

Total participants

334

-11.9% from 2022

Average account balance

$18,808

+44.7% from 2022

Annual return

17.32%

+30.24 pp from 2022

Benchmarks

See 1,316 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort1,316 peers

Snapshot2023

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

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Analytics

Total assets (EOY)

Plan-year ending balance

$7.79M

Not enough data

1 years with asset history on file

Average account balance

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

$18K

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.

431

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.29M

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

+15.57%

Not enough data

1 years with return on file

Admin fee / account holder

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

$111

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 4 by compensation

Provider	Service type	Compensation
FIFTH THIRD BANK RETIREMENT SERVICE3 years Filed as: UNITED BANK Service code 27 2071 CHAIN BRIDGE RDD · VIENNA, VA 22812	Advisory (Plan)	$21,603
SUTTLE & STALNAKER, PLLC1 year Filed as: SUTTLE & STALNAKER PLLC Service code 10 1411 VIRGINIA ST E STE 100 · CHARLESTON, WV 25301	Accounting	$18,375
METRO BENEFITS, INC.2 years Filed as: METRO BENEFITS, INC Service code 13 8150 PERRY HIGHWAY · PITTSBURGH, PA 15237	Contract Administrator	$16,521
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUITY INSURANCE COMPANTY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$9,127

Plan features & details

Pension benefit codes2E2F2G2J2K2S3D3H

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.
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

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$89K

$265 / participant

Recordkeeping$38K42.9%
Investment mgmt$22K24.4%
Contract admin$11K11.9%
Other / not subdivided$18K20.8%

% of EOY assets

1.409%

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: HENDERSON, HUTCHERSON & MCCULLOUGH
Auditor EIN: 621114363
Audit fees: $18,375
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$18,808

$53,165-64.6%

$86,188-78.2%

$74,419-74.7%

Participation rate

100.0%

64.9%+35.1pp

69.0%+31.0pp

70.7%+29.3pp

Annual return

17.32%

22.64%-5.3pp

1168.45%-1151.1pp

34.38%-17.1pp

Employer contribution / active EE

$686

$1,210-43.3%

$2,380-71.2%

$2,637-74.0%

Participant deferral / active EE

$2,992

$3,234-7.5%

$3,985-24.9%

$4,528-33.9%

Admin fee / account holder

$265

$551-51.9%

$6,852-96.1%

$348-23.8%

Provider

Service type

Compensation

FIFTH THIRD BANK RETIREMENT SERVICE3 years

Filed as: UNITED BANK

Service code 27

2071 CHAIN BRIDGE RDD · VIENNA, VA 22812

Advisory (Plan)

$21,603

SUTTLE & STALNAKER, PLLC1 year

Filed as: SUTTLE & STALNAKER PLLC

Service code 10

1411 VIRGINIA ST E STE 100 · CHARLESTON, WV 25301

Accounting

$18,375

METRO BENEFITS, INC.2 years

Filed as: METRO BENEFITS, INC

Service code 13

8150 PERRY HIGHWAY · PITTSBURGH, PA 15237

Contract Administrator

$16,521

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANTY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$9,127

DUTCH MILLER CHEVROLET, INC. 401(K) PROFIT SHARING RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DUTCH MILLER CHEVROLET, INC. 401(K) PROFIT SHARING RETIREMENT 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