Retirement plan

MONTROSE AUTO GROUP 401(K) RETIREMENT SAVINGS PLAN

Name: MTA INVESTMENTS, INC. - MONTROSE AUTO GROUP 401(K) RETIREMENT SAVINGS PLAN (2024) Form 5500
Creator: MTA INVESTMENTS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MONTROSE AUTO GROUP 401(K) RETIREMENT SAVINGS PLAN, MTA INVESTMENTS, INC.

MTA INVESTMENTS, INC.EIN 59-2738546Plan #001PY 2024

3960 MEDINA ROAD - AKRON, OH 44333330-618-7255

Prospect flagsHigh retiree %Low returnsHigh fees

How to read this page

Total assets (EOY)

$10.5M

+16.6% from 2023

Total participants

415

+10.4% from 2023

Average account balance

$30,029

+11.2% from 2023

Annual return

11.48%

-4.50 pp from 2023

Benchmarks

See 1,305 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort1,305 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.45M

Not enough data

1 years with asset history on file

Average account balance

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

$30K

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.

348

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.

78.1%

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

$4K

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

+11.48%

Not enough data

1 years with return on file

Admin fee / account holder

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

$343

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
SYMPHONY FINANCIAL SERVICES9 years Filed as: SYMPHONY FINANCIAL SERVICES INC Service code 27 4100 EMBASSY PKY STE 100 · AKRON, OH 44333	Advisory (Plan)	$85,127
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUITY INSURANCE CO Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$27,416
FARMERS TRUST CO. DBA NATIONAL ASSO4 years Filed as: FARMERS TRUST COMPAMY DBA NATIONAL Service code 13 22720 FAIRVIEW CENTER DR STE 100 · FAIRVIEW PARK, OH 44126	Contract Administrator	$20,451

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$119K

$390 / participant

Recordkeeping$119K100.0%

% of EOY assets

1.141%

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: PEASE BELL CPAS, LLC
Auditor EIN: 364267431
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$30,029

$54,245-44.6%

$93,727-68.0%

$77,762-61.4%

Participation rate

78.1%

63.9%+14.2pp

68.7%+9.4pp

70.6%+7.5pp

Annual return

11.48%

30.58%-19.1pp

133.83%-122.4pp

31.27%-19.8pp

Employer contribution / active EE

$1,168-100.0%

$2,421-100.0%

$2,728-100.0%

Participant deferral / active EE

$3,556

$3,144+13.1%

$4,417-19.5%

$4,651-23.5%

Admin fee / account holder

$343

$575-40.5%

$8,292-95.9%

$433-20.9%

Provider

Service type

Compensation

SYMPHONY FINANCIAL SERVICES9 years

Filed as: SYMPHONY FINANCIAL SERVICES INC

Service code 27

4100 EMBASSY PKY STE 100 · AKRON, OH 44333

Advisory (Plan)

$85,127

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INSURANCE CO

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$27,416

FARMERS TRUST CO. DBA NATIONAL ASSO4 years

Filed as: FARMERS TRUST COMPAMY DBA NATIONAL

Service code 13

22720 FAIRVIEW CENTER DR STE 100 · FAIRVIEW PARK, OH 44126

Contract Administrator

$20,451

MONTROSE AUTO GROUP 401(K) RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MONTROSE AUTO GROUP 401(K) RETIREMENT SAVINGS 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