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 (2020) 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 2020

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

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$19.8M

+16.1% from 2019

Total participants

322

-13.4% from 2019

Average account balance

$61,515

+34.1% from 2019

Annual return

13.46%

-4.68 pp from 2019

Benchmarks

See 1,285 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort1,285 peers

Snapshot2020

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 FUNDS2 years Filed as: CAPITAL GROUP RETIREMENT PLAN SERVC Service code 64 6455 IRVINE CENTER DRIVE · IRVINE, CA 92618	Recordkeeping Fees	$29,145
GORDON ASSET MANAGEMENT6+ years Service code 27 1007 SLATER ROAD, STE 200 · DURHAM, NC 27703	Advisory (Plan)	$15,001
PINKSTAFF, SIMPSON & HEADRICK PC4 years Service code 10 · EIN 62-1719416	Accounting	$15,000

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

$76K

$268 / participant

Contract admin$76K100.0%

% of EOY assets

0.383%

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

$61,515

$64,286-4.3%

$90,970-32.4%

$73,412-16.2%

Participation rate

100.0%

63.6%+36.4pp

69.0%+31.0pp

72.2%+27.8pp

Annual return

13.46%

21.46%-8.0pp

134.60%-121.1pp

59.30%-45.8pp

Employer contribution / active EE

$1,792

$895+100.4%

$2,122-15.5%

$2,234-19.8%

Participant deferral / active EE

$2,305

$2,453-6.1%

$3,373-31.7%

$3,806-39.4%

Admin fee / account holder

$235

$287-18.0%

$5,961-96.1%

$158+49.1%

Provider

Service type

Compensation

AMERICAN FUNDS2 years

Filed as: CAPITAL GROUP RETIREMENT PLAN SERVC

Service code 64

6455 IRVINE CENTER DRIVE · IRVINE, CA 92618

Recordkeeping Fees

$29,145

GORDON ASSET MANAGEMENT6+ years

Service code 27

1007 SLATER ROAD, STE 200 · DURHAM, NC 27703

Advisory (Plan)

$15,001

PINKSTAFF, SIMPSON & HEADRICK PC4 years

Service code 10 · EIN 62-1719416

Accounting

$15,000

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