Retirement plan

THE HARDY GROUP SAVINGS PLAN AND TRUST

Name: HARDY CHEVROLET BUICK GMC, INC. - THE HARDY GROUP SAVINGS PLAN AND TRUST (2024) Form 5500
Creator: HARDY CHEVROLET BUICK GMC, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE HARDY GROUP SAVINGS PLAN AND TRUST, HARDY CHEVROLET BUICK GMC, INC.

HARDY CHEVROLET BUICK GMC, INC.EIN 58-1307787Plan #001PY 2024

1249 CHARLES HARDY PARKWAY - DALLAS, GA 30157770-445-9411LinkedIn201-500 employeesretail

Prospect flagsLow participationLow employer contribution

How to read this page

Total assets (EOY)

$6.6M

+27.7% from 2023

Total participants

263

+6.5% from 2023

Average account balance

$56,459

+26.6% from 2023

Annual return

23.86%

+7.88 pp from 2023

Benchmarks

See 2,309 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,309 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.61M

Not enough data

1 years with asset history on file

Average account balance

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

$56K

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.

117

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.

38.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$691K

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

+23.86%

Not enough data

1 years with return on file

Admin fee / account holder

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

$144

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

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
MERRILL LYNCH PIERCE FENNER & SMITH6 years Service code 15 · EIN 13-5674085	Recordkeeping	$13,632
ADP BROKER-DEALER5 years Filed as: ADP, INC. Service code 15 · EIN 13-3036745	Recordkeeping	$3,171
ADP BROKER-DEALER7 years Service code 49 · EIN 22-3319984	Other Services	$0

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

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.
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

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.

Expense breakdown

Schedule H Part II

Admin total

$17K

$71 / participant

Recordkeeping$3K18.9%
Investment mgmt$14K81.1%

% of EOY assets

0.254%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: DAVIS PECHTER & ASSOCIATES PC
Auditor EIN: 455246280
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$56,459

$59,467-5.1%

$93,727-39.8%

$74,478-24.2%

Participation rate

38.7%

59.6%-21.0pp

68.7%-30.1pp

67.2%-28.6pp

Annual return

23.86%

82.14%-58.3pp

133.83%-110.0pp

1370.56%-1346.7pp

Employer contribution / active EE

$1,267-99.3%

$2,421-99.6%

$2,626-99.7%

Participant deferral / active EE

$2,894

$3,052-5.2%

$4,417-34.5%

$4,350-33.5%

Admin fee / account holder

$144

$3,028-95.3%

$8,292-98.3%

$1,946-92.6%

Provider

Service type

Compensation

MERRILL LYNCH PIERCE FENNER & SMITH6 years

Service code 15 · EIN 13-5674085

Recordkeeping

$13,632

ADP BROKER-DEALER5 years

Filed as: ADP, INC.

Service code 15 · EIN 13-3036745

Recordkeeping

$3,171

ADP BROKER-DEALER7 years

Service code 49 · EIN 22-3319984

Other Services

THE HARDY GROUP SAVINGS PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE HARDY GROUP SAVINGS PLAN AND TRUST

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