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 (2018) 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 2018

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

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$14.4M

+0.3% from 2017

Total participants

340

+10.0% from 2017

Average account balance

$42,414

-8.9% from 2017

Annual return

-4.00%

-19.92 pp from 2017

Benchmarks

See 1,272 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort1,272 peers

Snapshot2018

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 FUNDS4+ years Filed as: CAPITAL RESEARCH & MANAGEMENT Service code 64 333 SOUTH HOPE STREET · LOS ANGLELES, CA 90071	Recordkeeping Fees	$27,116
GORDON ASSET MANAGEMENT4+ years Service code 27 1007 SLATER ROAD, STE 200 · DURHAM, NC 27703	Advisory (Plan)	$15,000
PSHH RETIREMENT SERVICES, LLC4+ years Service code 13 · EIN 05-0560259	Contract Administrator	$12,631
PSHH RETIREMENT SERVICES, LLC1 year Filed as: PSH RETIREMENT SERVICES, LLC Service code 12 · EIN 05-0560259	Claims processing	$10,500

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

$84K

$253 / participant

Contract admin$71K84.3%
Other / not subdivided$13K15.7%

% of EOY assets

0.580%

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

$42,414

$35,485+19.5%

$74,551-43.1%

$55,725-23.9%

Participation rate

100.0%

62.5%+37.5pp

69.1%+30.9pp

70.9%+29.1pp

Annual return

-4.00%

0.72%-4.7pp

32.53%-36.5pp

244.93%-248.9pp

Employer contribution / active EE

$1,525

$777+96.2%

$1,961-22.2%

$2,078-26.6%

Participant deferral / active EE

$1,856

$2,181-14.9%

$3,108-40.3%

$3,356-44.7%

Admin fee / account holder

$246

$114+115.2%

$5,059-95.1%

$115+113.6%

Provider

Service type

Compensation

AMERICAN FUNDS4+ years

Filed as: CAPITAL RESEARCH & MANAGEMENT

Service code 64

333 SOUTH HOPE STREET · LOS ANGLELES, CA 90071

Recordkeeping Fees

$27,116

GORDON ASSET MANAGEMENT4+ years

Service code 27

1007 SLATER ROAD, STE 200 · DURHAM, NC 27703

Advisory (Plan)

$15,000

PSHH RETIREMENT SERVICES, LLC4+ years

Service code 13 · EIN 05-0560259

Contract Administrator

$12,631

PSHH RETIREMENT SERVICES, LLC1 year

Filed as: PSH RETIREMENT SERVICES, LLC

Service code 12 · EIN 05-0560259

Claims processing

$10,500

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