Retirement plan

HOBB'S AUTOMOTIVE, INC. SALARY DEFERRAL 401(K) PROFIT SHARING PLAN

Name: HOBBS AUTOMOTIVE, INC. - HOBB'S AUTOMOTIVE, INC. SALARY DEFERRAL 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: HOBBS AUTOMOTIVE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HOBB'S AUTOMOTIVE, INC. SALARY DEFERRAL 401(K) PROFIT SHARING PLAN, HOBBS AUTOMOTIVE, INC.

HOBBS AUTOMOTIVE, INC.EIN 64-0909817Plan #001PY 2022

1030 HWY 15 NORTH - LAUREL, MS 39440601-649-4800

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$449K

+15.2% from 2021

Total participants

+181.0% from 2021

Average account balance

$17,279

-37.9% from 2021

Annual return

-15.63%

-24.71 pp from 2021

Benchmarks

See 9,444 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort9,444 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$799K

Not enough data

1 years with asset history on file

Average account balance

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

$12K

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.

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.

95.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$235K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+12.71%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5342

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2J2F2G3D3H

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.
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.
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

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$6K

$107 / participant

Other / not subdivided$6K100.0%

% of EOY assets

1.380%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$17,279

$59,819-71.1%

$79,583-78.3%

$68,490-74.8%

Participation rate

43.1%

61.1%-18.0pp

69.5%-26.4pp

67.9%-24.8pp

Annual return

-15.63%

-12.30%-3.3pp

0.16%-15.8pp

-7.85%-7.8pp

Employer contribution / active EE

$558

$1,505-62.9%

$2,414-76.9%

$2,597-78.5%

Participant deferral / active EE

$1,517

$3,025-49.9%

$3,986-61.9%

$4,028-62.3%

Admin fee / account holder

$238

$4,835-95.1%

$6,835-96.5%

$5,403-95.6%

HOBB'S AUTOMOTIVE, INC. SALARY DEFERRAL 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HOBB'S AUTOMOTIVE, INC. SALARY DEFERRAL 401(K) PROFIT SHARING 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