Retirement plan

SULLIVAN AUTOMOTIVE GROUP, INC. 401(K) PROFIT SHARING PLAN

Name: SULLIVAN AUTOMOTIVE GROUP, INC. - SULLIVAN AUTOMOTIVE GROUP, INC. 401(K) PROFIT SHARING PLAN (2021) Form 5500
Creator: SULLIVAN AUTOMOTIVE GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SULLIVAN AUTOMOTIVE GROUP, INC. 401(K) PROFIT SHARING PLAN, SULLIVAN AUTOMOTIVE GROUP, INC.

SULLIVAN AUTOMOTIVE GROUP, INC.EIN 59-3604074Plan #001PY 2021

4000 SW COLLEGE ROAD - OCALA, FL 34474352-372-4343

Prospect flagsLow returnsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$7.6M

+6.1% from 2020

Total participants

229

-0.4% from 2020

Average account balance

$54,100

-0.7% from 2020

Annual return

10.62%

+3.09 pp from 2020

Benchmarks

See 2,170 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,170 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.94M

Not enough data

1 years with asset history on file

Average account balance

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

$63K

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.

126

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.

47.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$482K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+11.84%

Not enough data

1 years with return on file

Admin fee / account holder

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

$100

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 10 of 28 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.7+ years Filed as: MASSACHUSETTS MUTUAL LIFE INS CO Service code 52 · EIN 04-1590850	Indirect Investment Fees	$15,892
BATES & COMPANY, INC.3 years Filed as: BATES AND COMPANY, INC. Service code 13 1201 S ORLANDO AVE #202 · WINTER PARK, FL 32789	Contract Administrator	$10,175
BATES & COMPANY, INC.2 years Filed as: BATES & CO., INC. Service code 13	Contract Administrator	$5,594
AMERICAN FUNDS5 years Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
BATES & COMPANY, INC.1 year Filed as: BATES & COMPANY 2021 Service code 13 · EIN 59-3465757 1201 S ORLANDO AVENUE · WINTER PARK, FL 32789	Contract Administrator	$0
BLACKROCK2 years Filed as: BLACK ROCK Service code 52	Indirect Investment Fees	$0
BLACKROCK5 years Service code 52 · EIN 51-0318674	Indirect Investment Fees	$0
COLUBMIA2 years Service code 52 · EIN 94-1687665	Indirect Investment Fees	$0
COLUMBIA5 years Service code 52 · EIN 56-0906609	Indirect Investment Fees	$0
DELAWARE INVESTMENTS5 years Service code 52 · EIN 23-2450217	Indirect Investment Fees	$0

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

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.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$26K

$142 / participant

Contract admin$26K100.0%

% of EOY assets

0.344%

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: JAMES MOORE & CO., PL
Auditor EIN: 593204548
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$54,100

$59,220-8.6%

$96,570-44.0%

$79,391-31.9%

Participation rate

51.4%

61.9%-10.5pp

69.8%-18.5pp

70.7%-19.3pp

Annual return

10.62%

27.08%-16.5pp

37.79%-27.2pp

116.88%-106.3pp

Employer contribution / active EE

$876

$1,216-28.0%

$2,357-62.8%

$2,428-63.9%

Participant deferral / active EE

$2,568

$2,948-12.9%

$3,849-33.3%

$4,046-36.5%

Admin fee / account holder

$186

$659-71.7%

$6,182-97.0%

$627-70.3%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.7+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INS CO

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$15,892

BATES & COMPANY, INC.3 years

Filed as: BATES AND COMPANY, INC.

Service code 13

1201 S ORLANDO AVE #202 · WINTER PARK, FL 32789

Contract Administrator

$10,175

BATES & COMPANY, INC.2 years

Filed as: BATES & CO., INC.

Service code 13

Contract Administrator

$5,594

AMERICAN FUNDS5 years

Service code 52 · EIN 95-1411037

Indirect Investment Fees

BATES & COMPANY, INC.1 year

Filed as: BATES & COMPANY 2021

Service code 13 · EIN 59-3465757

1201 S ORLANDO AVENUE · WINTER PARK, FL 32789

Contract Administrator

BLACKROCK2 years

Filed as: BLACK ROCK

Service code 52

Indirect Investment Fees

BLACKROCK5 years

Service code 52 · EIN 51-0318674

Indirect Investment Fees

COLUBMIA2 years

Service code 52 · EIN 94-1687665

Indirect Investment Fees

COLUMBIA5 years

Service code 52 · EIN 56-0906609

Indirect Investment Fees

DELAWARE INVESTMENTS5 years

Service code 52 · EIN 23-2450217

Indirect Investment Fees

SULLIVAN AUTOMOTIVE GROUP, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SULLIVAN AUTOMOTIVE GROUP, INC. 401(K) PROFIT SHARING 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