Retirement plan

TWIN CITY MOTORS, INC. ASSET ACCUMULATION 401(K) RETIREMENT PLAN

Name: TWIN CITY MOTORS, INC. - TWIN CITY MOTORS, INC. ASSET ACCUMULATION 401(K) RETIREMENT PLAN (2017) Form 5500
Creator: TWIN CITY MOTORS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TWIN CITY MOTORS, INC. ASSET ACCUMULATION 401(K) RETIREMENT PLAN, TWIN CITY MOTORS, INC.

TWIN CITY MOTORS, INC.EIN 62-0562541Plan #001PY 2017

3046 AIRPORT HIGHWAY - ALCOA, TN 37701865-970-2977

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$14.4M

+21.1% from 2016

Total participants

309

-9.1% from 2016

Average account balance

$46,541

+33.2% from 2016

Annual return

15.92%

+8.82 pp from 2016

Benchmarks

See 1,218 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort1,218 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$21.26M

Not enough data

1 years with asset history on file

Average account balance

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

$74K

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.

289

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.45M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+10.89%

Not enough data

1 years with return on file

Admin fee / account holder

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

$267

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 4 by compensation

Provider	Service type	Compensation
AMERICAN FUNDS3+ years Filed as: CAPITAL RESEARCH & MANAGEMENT Service code 64 333 SOUTH HOPE STREET · LOS ANGLELES, CA 90071	Recordkeeping Fees	$26,252
GORDON ASSET MANAGEMENT3+ years Service code 27 1007 SLATER ROAD, STE 200 · DURHAM, NC 27703	Advisory (Plan)	$15,000
PSHH RETIREMENT SERVICES, LLC3+ years Service code 13 · EIN 05-0560259	Contract Administrator	$13,481
PINKSTAFF, SIMPSON & HEADRICK PC1 year Service code 10 · EIN 62-1719416	Accounting	$3,925

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$53K

$179 / participant

Contract admin$45K84.1%
Other / not subdivided$9K15.9%

% of EOY assets

0.372%

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: ROBERT A. BROWN, CPA
Auditor EIN: 621613402
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$46,541

$48,064-3.2%

$78,778-40.9%

$69,631-33.2%

Participation rate

100.0%

61.6%+38.4pp

69.2%+30.8pp

70.7%+29.3pp

Annual return

15.92%

21.81%-5.9pp

35.62%-19.7pp

27571.02%-27555.1pp

Employer contribution / active EE

$1,534

$744+106.3%

$1,986-22.7%

$2,032-24.5%

Participant deferral / active EE

$2,004

$2,079-3.6%

$2,958-32.3%

$3,224-37.8%

Admin fee / account holder

$173

$152+13.8%

$5,134-96.6%

$110+56.7%

Provider

Service type

Compensation

AMERICAN FUNDS3+ years

Filed as: CAPITAL RESEARCH & MANAGEMENT

Service code 64

333 SOUTH HOPE STREET · LOS ANGLELES, CA 90071

Recordkeeping Fees

$26,252

GORDON ASSET MANAGEMENT3+ years

Service code 27

1007 SLATER ROAD, STE 200 · DURHAM, NC 27703

Advisory (Plan)

$15,000

PSHH RETIREMENT SERVICES, LLC3+ years

Service code 13 · EIN 05-0560259

Contract Administrator

$13,481

PINKSTAFF, SIMPSON & HEADRICK PC1 year

Service code 10 · EIN 62-1719416

Accounting

$3,925

TWIN CITY MOTORS, INC. ASSET ACCUMULATION 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TWIN CITY MOTORS, INC. ASSET ACCUMULATION 401(K) RETIREMENT 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