Retirement plan

MITSUBISHI MOTOR SALES CARIBBEAN SAVINGS AND RETIREMENT PLAN

Name: MITSUBISHI MOTOR SALES OF CARIBBEAN, INC. - MITSUBISHI MOTOR SALES CARIBBEAN SAVINGS AND RETIREMENT PLAN (2020) Form 5500
Creator: MITSUBISHI MOTOR SALES OF CARIBBEAN, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MITSUBISHI MOTOR SALES CARIBBEAN SAVINGS AND RETIREMENT PLAN, MITSUBISHI MOTOR SALES OF CARIBBEAN, INC.

MITSUBISHI MOTOR SALES OF CARIBBEAN, INC.EIN 66-0392747Plan #001PY 2020

PO BOX 192216 - SAN JUAN, PR 009192216787-251-8715

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.4M

+15.6% from 2019

Total participants

0.0% from 2019

Average account balance

$39,827

+12.4% from 2019

Annual return

12.10%

-6.93 pp from 2019

Benchmarks

See 9,207 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants25-99

Cohort9,207 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.94M

Not enough data

1 years with asset history on file

Average account balance

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

$51K

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.

86.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$108K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+14.08%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1631

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 codes2E2F2G2J3C

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.
3C
Plan not intended to be qualified
A plan not intended to be qualified under Code sections 401 403 or 408.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$63K

$1980 / participant

Other / not subdivided$63K100.0%

% of EOY assets

4.419%

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

$39,827

$91,559-56.5%

$133,971-70.3%

$79,852-50.1%

Participation rate

100.0%

73.3%+26.7pp

79.8%+20.2pp

69.6%+30.4pp

Annual return

12.10%

61.85%-49.8pp

45.09%-33.0pp

31.72%-19.6pp

Employer contribution / active EE

$971

$2,384-59.3%

$3,919-75.2%

$2,471-60.7%

Participant deferral / active EE

$1,942

$3,734-48.0%

$5,047-61.5%

$3,740-48.1%

Admin fee / account holder

$1,760

$6,321-72.2%

$8,929-80.3%

$5,306-66.8%

MITSUBISHI MOTOR SALES CARIBBEAN SAVINGS AND RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MITSUBISHI MOTOR SALES CARIBBEAN SAVINGS AND 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