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 (2019) 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 2019

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

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$17.1M

+18.3% from 2018

Total participants

372

+9.4% from 2018

Average account balance

$45,867

+8.1% from 2018

Annual return

18.14%

+22.14 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

$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 3 by compensation

Provider	Service type	Compensation
AMERICAN FUNDS1 year Filed as: CAPITAL GROUP RETIREMENT PLAN SERVC Service code 64 6455 IRVINE CENTER DRIVE · IRVINE, CA 92618	Recordkeeping Fees	$28,383
GORDON ASSET MANAGEMENT5+ years Service code 27 1007 SLATER ROAD, STE 200 · DURHAM, NC 27703	Advisory (Plan)	$15,000
PSHH RETIREMENT SERVICES, LLC2 years Filed as: PSH RETIREMENT SERVICES, LLC Service code 13 · EIN 05-0506259	Contract Administrator	$12,362

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

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$95K

$269 / participant

Contract admin$84K88.7%
Other / not subdivided$11K11.3%

% of EOY assets

0.557%

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

$45,867

$40,174+14.2%

$84,023-45.4%

$67,582-32.1%

Participation rate

100.0%

62.7%+37.3pp

69.0%+31.0pp

71.3%+28.7pp

Annual return

18.14%

25.82%-7.7pp

71.32%-53.2pp

378.57%-360.4pp

Employer contribution / active EE

$1,399

$808+73.3%

$1,984-29.5%

$2,148-34.8%

Participant deferral / active EE

$1,881

$2,301-18.3%

$3,239-41.9%

$3,539-46.9%

Admin fee / account holder

$255

$128+99.1%

$6,102-95.8%

$142+79.6%

Provider

Service type

Compensation

AMERICAN FUNDS1 year

Filed as: CAPITAL GROUP RETIREMENT PLAN SERVC

Service code 64

6455 IRVINE CENTER DRIVE · IRVINE, CA 92618

Recordkeeping Fees

$28,383

GORDON ASSET MANAGEMENT5+ years

Service code 27

1007 SLATER ROAD, STE 200 · DURHAM, NC 27703

Advisory (Plan)

$15,000

PSHH RETIREMENT SERVICES, LLC2 years

Filed as: PSH RETIREMENT SERVICES, LLC

Service code 13 · EIN 05-0506259

Contract Administrator

$12,362

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