Retirement plan

WALLACE AUTOMOTIVE GROUP 401K PLAN

Name: WILLIAM WALLACE ENTERPRISES, INC. - WALLACE AUTOMOTIVE GROUP 401K PLAN (2020) Form 5500
Creator: WILLIAM WALLACE ENTERPRISES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WALLACE AUTOMOTIVE GROUP 401K PLAN, WILLIAM WALLACE ENTERPRISES, INC.

WILLIAM WALLACE ENTERPRISES, INC.dba D/B/A WALLACE LINCOLN-MERCURYEIN 65-1023153Plan #001PY 2020

3801 SE FEDERAL HIGHWAY - STUART, FL 349974944772-283-6000LinkedIn201-500 employeesretail

Prospect flagsLow participationLow employer contribution

How to read this page

Total assets (EOY)

$7.1M

+12.5% from 2019

Total participants

373

+9.4% from 2019

Average account balance

$27,365

-17.4% from 2019

Annual return

14.63%

-6.30 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

$11.96M

Not enough data

1 years with asset history on file

Average account balance

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

$28K

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.

423

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.

87.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.62M

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

+13.43%

Not enough data

1 years with return on file

Admin fee / account holder

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

$80

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 6 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years Filed as: MASSACHUSETTS MUTUAL LIFE INS CO Service code 52 · EIN 04-1590850	Indirect Investment Fees	$51,740
E CRAIG YOUNG1 year Filed as: CRAIG EPPY Service code 53 501 E LAS OLAS BLVD · FORT LAUDERDALE, FL 33301	Insurance Commissions	$0
DAVID ROMANO1 year Filed as: DAVID B. SCHULMAN Service code 53 1000 CORPORATE DR · FORT LAUDERDALE, FL 33334	Insurance Commissions	$0
JOSEPH W. MCCARTHY & ASSOCIATES1 year Filed as: JOSEPH P. EPPY Service code 53 501 E LAS OLAS BLVD · FORT LAUDERDALE, FL 33301	Insurance Commissions	$0
PENSION ASSURANCE LLP1 year Filed as: KB PENSION SERVICES, INC. Service code 13 · EIN 65-0721164 9423 TOWN CENTER PARKWAY · LAKEWOOD RANCH, FL 34202	Contract Administrator	$0
SAMUEL GOLDSTEIN & CO PC1 year Filed as: SAMUEL EPPY Service code 53 501 E LAS OLAS BLVD · FORT LAUDERDALE, FL 33301	Insurance Commissions	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$52K

$156 / participant

Investment mgmt$52K100.0%

% of EOY assets

0.727%

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: CROWE LLP
Auditor EIN: 350921680
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$27,365

$64,286-57.4%

$90,970-69.9%

$73,412-62.7%

Participation rate

66.0%

63.6%+2.4pp

69.0%-3.1pp

72.2%-6.2pp

Annual return

14.63%

21.46%-6.8pp

134.58%-120.0pp

59.30%-44.7pp

Employer contribution / active EE

$895-100.0%

$2,122-100.0%

$2,234-100.0%

Participant deferral / active EE

$2,837

$2,453+15.6%

$3,373-15.9%

$3,806-25.5%

Admin fee / account holder

$199

$287-30.7%

$5,960-96.7%

$158+26.0%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INS CO

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$51,740

E CRAIG YOUNG1 year

Filed as: CRAIG EPPY

Service code 53

501 E LAS OLAS BLVD · FORT LAUDERDALE, FL 33301

Insurance Commissions

DAVID ROMANO1 year

Filed as: DAVID B. SCHULMAN

Service code 53

1000 CORPORATE DR · FORT LAUDERDALE, FL 33334

Insurance Commissions

JOSEPH W. MCCARTHY & ASSOCIATES1 year

Filed as: JOSEPH P. EPPY

Service code 53

501 E LAS OLAS BLVD · FORT LAUDERDALE, FL 33301

Insurance Commissions

PENSION ASSURANCE LLP1 year

Filed as: KB PENSION SERVICES, INC.

Service code 13 · EIN 65-0721164

9423 TOWN CENTER PARKWAY · LAKEWOOD RANCH, FL 34202

Contract Administrator

SAMUEL GOLDSTEIN & CO PC1 year

Filed as: SAMUEL EPPY

Service code 53

501 E LAS OLAS BLVD · FORT LAUDERDALE, FL 33301

Insurance Commissions

WALLACE AUTOMOTIVE GROUP 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WALLACE AUTOMOTIVE GROUP 401K 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