Retirement plan

GREENWAY AUTOMOTIVE GROUP 401(K) PLAN

Name: GREENWAY FORD, INC. - GREENWAY AUTOMOTIVE GROUP 401(K) PLAN (2024) Form 5500
Creator: GREENWAY FORD, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GREENWAY AUTOMOTIVE GROUP 401(K) PLAN, GREENWAY FORD, INC.

GREENWAY FORD, INC.EIN 59-1543301Plan #001PY 2024

520 N SEMORAN BLVD - ORLANDO, FL 32807407-275-3200greenwayford.comLinkedIn201-500 employeesautomotive

Prospect flagsLow assets / participantLow employer contribution

How to read this page

Total assets (EOY)

$42.2M

+11.9% from 2023

Total participants

2,526

-9.3% from 2023

Average account balance

$18,588

+26.7% from 2023

Annual return

13.86%

-3.71 pp from 2023

Benchmarks

See 391 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants1,000-4,999

Cohort391 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$42.16M

Not enough data

1 years with asset history on file

Average account balance

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

$19K

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.

2,268

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.

87.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$6.07M

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

+13.86%

Not enough data

1 years with return on file

Admin fee / account holder

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

$99

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 7 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$178,998
360 PAYROLL INTEGRATION CORP2 years Service code 27 3032 E COMMERCIAL BLVD #110 · FT LAUDERDALE, FL 33308	Advisory (Plan)	$28,471
GREENWAY FAMILY OFFICE LLC1 year Filed as: GREENWAY AUTOMOTIVE MANAGEMENT LLC Service code 99 9001 E COLONIAL DR · ORLANDO, FL 32817	Other Fees	$9,800
MERRILL LYNCH PIERCE FENNER & SMITH1 year Service code 27 1400 AMERICAN BLVD BLDG #4 · PENNINGTON, NJ 08534	Advisory (Plan)	$4,363
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$3,946
WINTER, KLOMAN, MOTER & REPP, S.C.1 year Filed as: WINTER HAVEN VENTURES INC Service code 99 6395 CYPRESS GARDENS BLVD · WINTER HAVEN, FL 33884	Other Fees	$56
PRINCIPAL LIFE INSURANCE COMPANY8 years Filed as: PRINCIPAL SECURITIES INC Service code 27 711 HIGH ST · DES MOINES, IA 50392	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D3H

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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 employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$226K

$113 / participant

Recordkeeping$179K79.3%
Investment mgmt$37K16.3%
Other / not subdivided$10K4.4%

% of EOY assets

0.535%

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: ROSENFIELD AND CO PLLC
Auditor EIN: 274077786
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$18,588

$48,744-61.9%

$93,727-80.2%

$200,096-90.7%

Participation rate

87.1%

63.7%+23.4pp

68.7%+18.4pp

72.0%+15.1pp

Annual return

13.86%

15.36%-1.5pp

133.83%-120.0pp

34.26%-20.4pp

Employer contribution / active EE

$1,140-100.0%

$2,421-100.0%

$3,038-100.0%

Participant deferral / active EE

$3,029

$2,825+7.2%

$4,417-31.4%

$5,090-40.5%

Admin fee / account holder

$99

$195-49.0%

$8,292-98.8%

$269-63.1%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY O

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$178,998

360 PAYROLL INTEGRATION CORP2 years

Service code 27

3032 E COMMERCIAL BLVD #110 · FT LAUDERDALE, FL 33308

Advisory (Plan)

$28,471

GREENWAY FAMILY OFFICE LLC1 year

Filed as: GREENWAY AUTOMOTIVE MANAGEMENT LLC

Service code 99

9001 E COLONIAL DR · ORLANDO, FL 32817

Other Fees

$9,800

MERRILL LYNCH PIERCE FENNER & SMITH1 year

Service code 27

1400 AMERICAN BLVD BLDG #4 · PENNINGTON, NJ 08534

Advisory (Plan)

$4,363

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$3,946

WINTER, KLOMAN, MOTER & REPP, S.C.1 year

Filed as: WINTER HAVEN VENTURES INC

Service code 99

6395 CYPRESS GARDENS BLVD · WINTER HAVEN, FL 33884

Other Fees

$56

PRINCIPAL LIFE INSURANCE COMPANY8 years

Filed as: PRINCIPAL SECURITIES INC

Service code 27

711 HIGH ST · DES MOINES, IA 50392

Advisory (Plan)

GREENWAY AUTOMOTIVE GROUP 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GREENWAY AUTOMOTIVE GROUP 401(K) 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