Retirement plan

ALAN JAY AUTOMOTIVE MANAGEMENT, INC.

Name: ALAN JAY AUTOMOTIVE MANAGEMENT, INC. - ALAN JAY AUTOMOTIVE MANAGEMENT, INC. (2024) Form 5500
Creator: ALAN JAY AUTOMOTIVE MANAGEMENT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ALAN JAY AUTOMOTIVE MANAGEMENT, INC., ALAN JAY AUTOMOTIVE MANAGEMENT, INC.

ALAN JAY AUTOMOTIVE MANAGEMENT, INC.EIN 59-3533025Plan #001PY 2024

401 U.S. 27 SOUTH - SEBRING, FL 33870863-402-4210alanjay.comLinkedIn201-500 employeesretail

Prospect flagsLow returnsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$10.6M

+16.4% from 2023

Total participants

358

-11.8% from 2023

Average account balance

$51,201

+51.7% from 2023

Annual return

10.52%

+0.48 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

$10.65M

Not enough data

1 years with asset history on file

Average account balance

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

$51K

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.

208

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.

53.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.22M

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

+10.52%

Not enough data

1 years with return on file

Admin fee / account holder

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

$220

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
PENSION FINANCIAL SERVICES, INC.2 years Filed as: PENSION FINANCIAL SERVICES Service code 13 · EIN 58-1485803	Contract Administrator	$19,328
FIDUCIARY WISE, LLC2 years Service code 27 · EIN 81-3799174	Advisory (Plan)	$5,616
NATIONWIDE2 years Service code 15 · EIN 31-4156830	Recordkeeping	$3,217

Plan features & details

Pension benefit codes2E2F2G2J2K3D3H

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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$46K

$143 / participant

Contract admin$46K100.0%

% of EOY assets

0.430%

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: ROSENFELD AND COMPANY, PLLC
Auditor EIN: 274077786
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$51,201

$54,245-5.6%

$93,727-45.4%

$77,762-34.2%

Participation rate

53.3%

63.9%-10.7pp

68.7%-15.4pp

70.6%-17.3pp

Annual return

10.52%

30.58%-20.1pp

133.83%-123.3pp

31.27%-20.7pp

Employer contribution / active EE

$1,389

$1,168+19.0%

$2,421-42.6%

$2,728-49.1%

Participant deferral / active EE

$2,397

$3,144-23.7%

$4,417-45.7%

$4,651-48.5%

Admin fee / account holder

$220

$575-61.7%

$8,292-97.3%

$433-49.1%

Provider

Service type

Compensation

PENSION FINANCIAL SERVICES, INC.2 years

Filed as: PENSION FINANCIAL SERVICES

Service code 13 · EIN 58-1485803

Contract Administrator

$19,328

FIDUCIARY WISE, LLC2 years

Service code 27 · EIN 81-3799174

Advisory (Plan)

$5,616

NATIONWIDE2 years

Service code 15 · EIN 31-4156830

Recordkeeping

$3,217

ALAN JAY AUTOMOTIVE MANAGEMENT, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ALAN JAY AUTOMOTIVE MANAGEMENT, INC.

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