Retirement plan

THE HUTTON COMPANY EMPLOYEES PROFIT SHARING PLAN AND TRUST

Name: CHUCK HUTTON CHEVROLET CO. - THE HUTTON COMPANY EMPLOYEES PROFIT SHARING PLAN AND TRUST (2020) Form 5500
Creator: CHUCK HUTTON CHEVROLET CO.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE HUTTON COMPANY EMPLOYEES PROFIT SHARING PLAN AND TRUST, CHUCK HUTTON CHEVROLET CO.

CHUCK HUTTON CHEVROLET CO.EIN 62-0907139Plan #001PY 2020

2471 MT MORIAH RD - MEMPHIS, TN 38115901-365-9700chuckhuttonchevrolet.netLinkedIn201-500 employeesautomotive

Prospect flagsLow assets / participantLow employer contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$5.3M

+11.6% from 2019

Total participants

378

+10.2% from 2019

Average account balance

$14,073

+0.9% from 2019

Annual return

12.92%

-4.68 pp from 2019

Benchmarks

See 2,198 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,198 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.61M

Not enough data

1 years with asset history on file

Average account balance

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

$11K

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.

147

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.

59.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$128K

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

+8.23%

Not enough data

1 years with return on file

Admin fee / account holder

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

$55

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 2 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.5 years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 15 · EIN 26-1589907	Recordkeeping	$13,096
RAYMOND JAMES FINANCIAL SERVICES5 years Filed as: RAYMOND JAMES & ASSOCIATES Service code 50 · EIN 59-1237041	Direct Payment	$11,297

Plan features & details

Pension benefit codes2E2F2G2J2K2T3H

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.
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 employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$24K

$188 / participant

Contract admin$13K53.7%
Other / not subdivided$11K46.3%

% of EOY assets

0.463%

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: HENDERSON HUTCHERSON & MCCULLOUGH
Auditor EIN: 621114363
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$14,073

$54,573-74.2%

$90,965-84.5%

$73,493-80.9%

Participation rate

96.9%

61.2%+35.8pp

69.0%+27.9pp

70.7%+26.2pp

Annual return

12.92%

16.69%-3.8pp

134.57%-121.6pp

28.51%-15.6pp

Employer contribution / active EE

$201

$991-79.8%

$2,122-90.6%

$2,270-91.2%

Participant deferral / active EE

$2,789

$2,517+10.8%

$3,373-17.3%

$3,740-25.4%

Admin fee / account holder

$65

$521-87.5%

$5,960-98.9%

$513-87.3%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.5 years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 15 · EIN 26-1589907

Recordkeeping

$13,096

RAYMOND JAMES FINANCIAL SERVICES5 years

Filed as: RAYMOND JAMES & ASSOCIATES

Service code 50 · EIN 59-1237041

Direct Payment

$11,297

THE HUTTON COMPANY EMPLOYEES PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE HUTTON COMPANY EMPLOYEES PROFIT SHARING PLAN AND TRUST

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