Retirement plan

BENSON AUTOMOTIVE 401(K) RETIREMENT PLAN

Name: BENSON NISSAN, INC. - BENSON AUTOMOTIVE 401(K) RETIREMENT PLAN (2016) Form 5500
Creator: BENSON NISSAN, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BENSON AUTOMOTIVE 401(K) RETIREMENT PLAN, BENSON NISSAN, INC.

BENSON NISSAN, INC.EIN 57-0924205Plan #001PY 2016

P.O. BOX 8669 - SPARTANBURG, SC 29305864-877-0161bensonnissan.comLinkedIn201-500 employeesretail

Prospect flagsLow returnsLow participation

How to read this page

Total assets (EOY)

$2.3M

No prior year

Total participants

No prior year

Average account balance

$32,529

No prior year

Annual return

-59.59%

No prior year

Benchmarks

See 9,492 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort9,492 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.02M

Not enough data

1 years with asset history on file

Average account balance

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

$50K

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.

100

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.

112.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$477K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+11.57%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6610

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

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

Service providers

Top 8 by compensation

Provider	Service type	Compensation
COMPENSATION SYSTEMS, INC.1+ years Service code 13 · EIN 56-1129270	Contract Administrator	$2,026
MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 52 · EIN 04-1590850	Indirect Investment Fees	$1,040
ENVESTNET RETIREMENT SOLUTIONS, LLC1+ years Filed as: ENVESTNET RETIREMENT SOLUITONS, LLC Service code 27 · EIN 61-1732930	Advisory (Plan)	$0
ENVESTNET RETIREMENT SOLUTIONS, LLC1+ years Service code 27	Advisory (Plan)	$0
HENRY ROSSI & CO., LLP1+ years Filed as: HENRY J. STEINBERG Service code 53 340 S. PINE ST. · SPARTANBURG, SC 29302	Insurance Commissions	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years Filed as: MASSACHUSETTS MUTUAL LIFE INS Service code 72	Other investment fees and expenses	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years Filed as: MASSACHUSETTS MUTUAL LIFE INS CO Service code 60	Sub-TA Fees	$0
RICHARD J. WOLF & COMPANY1+ years Filed as: RICHARD E. ROSE Service code 53 100 E. SIX FORKS RD. · RALEIGH, NC 27609	Insurance Commissions	$0

Plan features & details

Pension benefit codes2E2G2J2K3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$1K

$14 / participant

Contract admin$1K100.0%

% of EOY assets

0.044%

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: GOSNELL MENARD ROBINSON INFANTE CPA
Auditor EIN: 571003842
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$32,529

$48,364-32.7%

$71,796-54.7%

$62,881-48.3%

Participation rate

68.0%

60.6%+7.4pp

69.1%-1.1pp

69.3%-1.3pp

Annual return

-59.59%

13.16%-72.8pp

78.04%-137.6pp

20.14%-79.7pp

Employer contribution / active EE

$393

$1,042-62.3%

$1,924-79.6%

$2,281-82.8%

Participant deferral / active EE

$4,781

$2,091+128.6%

$2,794+71.1%

$3,203+49.3%

Admin fee / account holder

$14

$3,771-99.6%

$4,815-99.7%

$4,296-99.7%

Provider

Service type

Compensation

COMPENSATION SYSTEMS, INC.1+ years

Service code 13 · EIN 56-1129270

Contract Administrator

$2,026

MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$1,040

ENVESTNET RETIREMENT SOLUTIONS, LLC1+ years

Filed as: ENVESTNET RETIREMENT SOLUITONS, LLC

Service code 27 · EIN 61-1732930

Advisory (Plan)

ENVESTNET RETIREMENT SOLUTIONS, LLC1+ years

Service code 27

Advisory (Plan)

HENRY ROSSI & CO., LLP1+ years

Filed as: HENRY J. STEINBERG

Service code 53

340 S. PINE ST. · SPARTANBURG, SC 29302

Insurance Commissions

MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INS

Service code 72

Other investment fees and expenses

MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INS CO

Service code 60

Sub-TA Fees

RICHARD J. WOLF & COMPANY1+ years

Filed as: RICHARD E. ROSE

Service code 53

100 E. SIX FORKS RD. · RALEIGH, NC 27609

Insurance Commissions

BENSON AUTOMOTIVE 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BENSON AUTOMOTIVE 401(K) 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