Retirement plan

DAR COLLISION PARTS, INC PROFIT SHARING PLAN

Name: DAR COLLISION PARTS, INC. - DAR COLLISION PARTS, INC PROFIT SHARING PLAN (2023) Form 5500
Creator: DAR COLLISION PARTS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DAR COLLISION PARTS, INC PROFIT SHARING PLAN, DAR COLLISION PARTS, INC.

DAR COLLISION PARTS, INC.EIN 55-0697217Plan #001PY 2023

5803 MACCORKLE AVE - SAINT ALBANS, WV 251772340304-768-0751darparts.comLinkedIn11-50 employeesautomotive

Prospect flagsLow employer contribution

How to read this page

Total assets (EOY)

$904K

+12.9% from 2022

Total participants

+18.2% from 2022

Average account balance

$82,216

+12.9% from 2022

Annual return

12.59%

+28.60 pp from 2022

Benchmarks

See 22,174 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants<25

Cohort22,174 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$873K

Not enough data

1 years with asset history on file

Average account balance

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

$79K

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.

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.

122.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$318

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

+7.82%

Not enough data

1 years with return on file

Admin fee / account holder

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

$9555

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

0 years with F_SCH_H allocation on file

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Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E3D2J

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

1 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$82,216

$102,635-19.9%

$86,209-4.6%

$139,456-41.0%

Participation rate

77.8%

74.5%+3.3pp

69.0%+8.8pp

80.3%-2.5pp

Annual return

12.59%

1923.53%-1910.9pp

1169.05%-1156.5pp

373.45%-360.9pp

Employer contribution / active EE

$318

$3,034-89.5%

$2,381-86.7%

$4,753-93.3%

Participant deferral / active EE

$4,677-100.0%

$3,986-100.0%

$6,711-100.0%

Admin fee / account holder

$8,661-100.0%

$6,853-100.0%

$11,407-100.0%

DAR COLLISION PARTS, INC PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

DAR COLLISION PARTS, INC PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion