Retirement plan

ALLEN TURNER AUTOMOTIVE INC 401(K) PLAN

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

ALLEN TURNER AUTOMOTIVE, INC.EIN 59-2343376Plan #001PY 2024

6501 PENSACOLA BLVD - PENSACOLA, FL 32505850-479-9667LinkedIn51-200 employeesretail

Prospect flagsLow returnsLow fidelity bondFailed to transmit contributions

How to read this page

Total assets (EOY)

$7.2M

+11.0% from 2023

Total participants

219

+9.5% from 2023

Average account balance

$42,633

+1.1% from 2023

Annual return

9.19%

-2.98 pp from 2023

Benchmarks

See 2,310 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,310 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.16M

Not enough data

1 years with asset history on file

Average account balance

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

$43K

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.

168

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.

74.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.09M

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

+9.19%

Not enough data

1 years with return on file

Admin fee / account holder

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

$293

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 4 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY4 years Filed as: PRINCIPAL LIFE INSURANCE CO Service code 13 · EIN 42-0127290	Contract Administrator	$49,168
STIFEL NICOLAUS & CO INC3 years Filed as: STIFEL NICOLAUS & COMPANY INC Service code 49 · EIN 43-0538770	Other Services	$15,758
WILSHIRE ASSOCIATES INCORPORATED2 years Filed as: WILSHIRE ADVISORS LLC Service code 27	Advisory (Plan)	$0
WILSHIRE ASSOCIATES INCORPORATED4 years Service code 27 · EIN 95-2755361	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2S3D

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.

Opportunity flags

3 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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

$49K

$243 / participant

Contract admin$49K100.0%

% of EOY assets

0.686%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: HENDERSON, HUTCHERSON & MCCULLOUGH
Auditor EIN: 621114363
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$42,633

$59,448-28.3%

$93,696-54.5%

$74,459-42.7%

Participation rate

74.8%

59.6%+15.1pp

68.7%+6.0pp

67.2%+7.5pp

Annual return

9.19%

82.11%-72.9pp

133.74%-124.6pp

1369.70%-1360.5pp

Employer contribution / active EE

$1,414

$1,266+11.7%

$2,422-41.6%

$2,626-46.1%

Participant deferral / active EE

$3,979

$3,052+30.4%

$4,417-9.9%

$4,350-8.5%

Admin fee / account holder

$293

$3,027-90.3%

$8,287-96.5%

$1,945-85.0%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY4 years

Filed as: PRINCIPAL LIFE INSURANCE CO

Service code 13 · EIN 42-0127290

Contract Administrator

$49,168

STIFEL NICOLAUS & CO INC3 years

Filed as: STIFEL NICOLAUS & COMPANY INC

Service code 49 · EIN 43-0538770

Other Services

$15,758

WILSHIRE ASSOCIATES INCORPORATED2 years

Filed as: WILSHIRE ADVISORS LLC

Service code 27

Advisory (Plan)

WILSHIRE ASSOCIATES INCORPORATED4 years

Service code 27 · EIN 95-2755361

Advisory (Plan)

ALLEN TURNER AUTOMOTIVE INC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ALLEN TURNER AUTOMOTIVE INC 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