Retirement plan

ALAN JAY AUTOMOTIVE MANAGEMENT, INC. 401(K) PROFIT

Name: ALAN JAY AUTOMOTIVE MANAGEMENT, INC - ALAN JAY AUTOMOTIVE MANAGEMENT, INC. 401(K) PROFIT (2019) 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. 401(K) PROFIT, ALAN JAY AUTOMOTIVE MANAGEMENT, INC

ALAN JAY AUTOMOTIVE MANAGEMENT, INCEIN 59-3533025Plan #001PY 2019

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

Prospect flagsLow returnsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$5.4M

+24.5% from 2018

Total participants

451

+18.1% from 2018

Average account balance

$25,218

+11.1% from 2018

Annual return

16.90%

+22.64 pp from 2018

Benchmarks

See 1,312 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort1,312 peers

Snapshot2019

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

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
NATIONWIDE5+ years Filed as: NATIOWIDE Service code 15 · EIN 31-4156830	Recordkeeping	$52,481
MORGAN STANLEY SMITH BARNEY4 years Filed as: MORGAN STANLEY SMITH BARNEY LL Service code 49 1 NEW YORK PLAZA, 12TH FL · NEW YORK, NY 10004	Other Services	$18,434

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.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$52K

$144 / participant

Contract admin$52K100.0%

% of EOY assets

0.977%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$25,218

$40,174-37.2%

$84,020-70.0%

$67,579-62.7%

Participation rate

34.8%

62.7%-27.9pp

69.0%-34.2pp

71.3%-36.5pp

Annual return

16.90%

25.82%-8.9pp

71.31%-54.4pp

378.56%-361.7pp

Employer contribution / active EE

$693

$808-14.2%

$1,984-65.0%

$2,148-67.7%

Participant deferral / active EE

$1,443

$2,301-37.3%

$3,239-55.5%

$3,539-59.2%

Admin fee / account holder

$246

$128+92.0%

$6,101-96.0%

$142+73.2%

Provider

Service type

Compensation

NATIONWIDE5+ years

Filed as: NATIOWIDE

Service code 15 · EIN 31-4156830

Recordkeeping

$52,481

MORGAN STANLEY SMITH BARNEY4 years

Filed as: MORGAN STANLEY SMITH BARNEY LL

Service code 49

1 NEW YORK PLAZA, 12TH FL · NEW YORK, NY 10004

Other Services

$18,434

ALAN JAY AUTOMOTIVE MANAGEMENT, INC. 401(K) PROFIT

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ALAN JAY AUTOMOTIVE MANAGEMENT, INC. 401(K) PROFIT

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