Retirement plan

BECK AUTO SALES, INC. 401(K) PLAN

Name: BECK AUTO SALES, INC. - BECK AUTO SALES, INC. 401(K) PLAN (2016) Form 5500
Creator: BECK AUTO SALES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BECK AUTO SALES, INC. 401(K) PLAN, BECK AUTO SALES, INC.

BECK AUTO SALES, INC.EIN 59-3157547Plan #002PY 2016

252 N. HIGHWAY 17 - PALATKA, FL 32177386-328-0344LinkedIn11-50 employeesaccounting

Prospect flagsLow assets / participantFailed to transmit contributions

How to read this page

Total assets (EOY)

$3.6M

+11.0% from 2015

Total participants

237

+8.2% from 2015

Average account balance

$18,149

-25.6% from 2015

Annual return

7.54%

-106.77 pp from 2015

Benchmarks

See 2,356 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,356 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.94M

Not enough data

1 years with asset history on file

Average account balance

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

$54K

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.

129

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.

22.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$293K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$906

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

+14.28%

Not enough data

1 years with return on file

Admin fee / account holder

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

$280

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
RETIREMENT SOLUTIONS SPECIALISTS1 year Service code 13 · EIN 27-0293282	Contract Administrator	$19,870
NYLINK INSURANCE AGENCY INC1 year Filed as: NYLINK INSURANCE AGENCY Service code 15 51 MADISON AVE ST 151 · NEW YORK, NY 100101614	Recordkeeping	$2,705
NYLINK INSURANCE AGENCY INC1 year Service code 61	Distribution (12b-1) fees; Finders' f...	$2,705

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 assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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

$10K

$50 / participant

Contract admin$10K100.0%

% of EOY assets

0.274%

all-in expense ratio

Categories reported

1 / 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: BARLEY, MCNAMARA CPA
Auditor EIN: 273236857
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$18,149

$42,546-57.3%

$71,796-74.7%

$55,167-67.1%

Participation rate

81.5%

59.1%+22.4pp

69.1%+12.4pp

69.0%+12.5pp

Annual return

7.54%

12.36%-4.8pp

78.04%-70.5pp

169.23%-161.7pp

Employer contribution / active EE

$1,074

$803+33.7%

$1,924-44.2%

$1,963-45.3%

Participant deferral / active EE

$2,305

$2,064+11.7%

$2,794-17.5%

$3,054-24.5%

Admin fee / account holder

$50

$650-92.4%

$4,815-99.0%

$504-90.1%

Provider

Service type

Compensation

RETIREMENT SOLUTIONS SPECIALISTS1 year

Service code 13 · EIN 27-0293282

Contract Administrator

$19,870

NYLINK INSURANCE AGENCY INC1 year

Filed as: NYLINK INSURANCE AGENCY

Service code 15

51 MADISON AVE ST 151 · NEW YORK, NY 100101614

Recordkeeping

$2,705

NYLINK INSURANCE AGENCY INC1 year

Service code 61

Distribution (12b-1) fees; Finders' f...

$2,705

BECK AUTO SALES, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BECK AUTO SALES, 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