Retirement plan

MONTROSE AUTO GROUP 401(K) RETIREMENT SAVINGS PLAN

Name: MTA INVESTMENTS, INC. - MONTROSE AUTO GROUP 401(K) RETIREMENT SAVINGS PLAN (2020) 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 2020

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

Prospect flagsLow returnsFailed to transmit contributions

How to read this page

Total assets (EOY)

$7.6M

+1.1% from 2019

Total participants

362

-18.8% from 2019

Average account balance

$23,977

+16.1% from 2019

Annual return

10.27%

-4.61 pp from 2019

Benchmarks

See 1,285 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort1,285 peers

Snapshot2020

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 SERVICES5 years Filed as: SYMPHONY FINANCIAL SERVICES INC Service code 27 4100 EMBASSY PKY STE 100 · AKRON, OH 44333	Advisory (Plan)	$60,174
GREAT-WEST LIFE & ANNUITY INSURANCE5 years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$18,615
NATIONAL ASSOCIATES, INC.3 years Filed as: NATIONAL ASSOCIATES INC Service code 13 22720 FAIRVIEW CENTER DR STE 100 · FAIRVIEW PARK, OH 44126	Contract Administrator	$17,192

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

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$73K

$278 / participant

Other / not subdivided$73K100.0%

% of EOY assets

0.959%

all-in expense ratio

Categories reported

0 / 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: PEASE & ASSOCIATES, LLC
Auditor EIN: 364267431
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$23,977

$64,286-62.7%

$90,970-73.6%

$73,412-67.3%

Participation rate

82.8%

63.6%+19.2pp

69.0%+13.8pp

72.2%+10.6pp

Annual return

10.27%

21.46%-11.2pp

134.58%-124.3pp

59.30%-49.0pp

Employer contribution / active EE

$895-100.0%

$2,122-100.0%

$2,234-100.0%

Participant deferral / active EE

$2,969

$2,453+21.0%

$3,373-12.0%

$3,806-22.0%

Admin fee / account holder

$230

$287-19.9%

$5,960-96.1%

$158+45.6%

Provider

Service type

Compensation

SYMPHONY FINANCIAL SERVICES5 years

Filed as: SYMPHONY FINANCIAL SERVICES INC

Service code 27

4100 EMBASSY PKY STE 100 · AKRON, OH 44333

Advisory (Plan)

$60,174

GREAT-WEST LIFE & ANNUITY INSURANCE5 years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$18,615

NATIONAL ASSOCIATES, INC.3 years

Filed as: NATIONAL ASSOCIATES INC

Service code 13

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

Contract Administrator

$17,192

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