Retirement plan

STEAD AUTOMOTIVE GROUP #1 401(K) PLAN

Name: WALNUT CREEK FORD, INC. - STEAD AUTOMOTIVE GROUP #1 401(K) PLAN (2023) Form 5500
Creator: WALNUT CREEK FORD, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, STEAD AUTOMOTIVE GROUP #1 401(K) PLAN, WALNUT CREEK FORD, INC.

WALNUT CREEK FORD, INC.EIN 68-0193997Plan #002PY 2023

1800 NORTH MAIN STREET - WALNUT CREEK, CA 94596925-932-2900walnutcreekford.comLinkedIn51-200 employeesautomotive

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$20.2M

+12.2% from 2022

Total participants

422

+2.2% from 2022

Average account balance

$58,368

+4.7% from 2022

Annual return

13.15%

+26.39 pp from 2022

Benchmarks

See 1,316 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort1,316 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$23.71M

Not enough data

1 years with asset history on file

Average account balance

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

$63K

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.

376

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.

78.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.86M

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

+11.67%

Not enough data

1 years with return on file

Admin fee / account holder

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

$158

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
GLOBAL RETIREMENT PARTNERS LLC9+ years Filed as: GLOBAL RETIREMENT PARTNERS Service code 27 4340 REDWOOD HIGHWAY · SAN RAFAEL, CA 94903	Advisory (Plan)	$27,572
BUCKLEY PATCHEN4 years Service code 10 2890 N. MAIN STREET · WALNUT CREEK, CA 94597	Accounting	$23,023
UNITED OF OMAHA9+ years Service code 15 · EIN 47-0322111	Recordkeeping	$9,773

Plan features & details

Pension benefit codes2E3D2H2J2K2F2T

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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$60K

$191 / participant

Investment mgmt$28K45.7%
Contract admin$10K16.2%
Other / not subdivided$23K38.1%

% of EOY assets

0.299%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: FRANK, RIMERMAN & CO. LLP
Auditor EIN: 941341042
Audit fees: $23,022
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$58,368

$53,165+9.8%

$86,235-32.3%

$74,473-21.6%

Participation rate

75.9%

64.9%+11.1pp

69.0%+7.0pp

70.7%+5.2pp

Annual return

13.15%

22.64%-9.5pp

1170.03%-1156.9pp

34.36%-21.2pp

Employer contribution / active EE

$771

$1,210-36.3%

$2,381-67.6%

$2,638-70.8%

Participant deferral / active EE

$4,484

$3,234+38.6%

$3,987+12.5%

$4,530-1.0%

Admin fee / account holder

$174

$551-68.4%

$6,856-97.5%

$347-49.7%

Provider

Service type

Compensation

GLOBAL RETIREMENT PARTNERS LLC9+ years

Filed as: GLOBAL RETIREMENT PARTNERS

Service code 27

4340 REDWOOD HIGHWAY · SAN RAFAEL, CA 94903

Advisory (Plan)

$27,572

BUCKLEY PATCHEN4 years

Service code 10

2890 N. MAIN STREET · WALNUT CREEK, CA 94597

Accounting

$23,023

UNITED OF OMAHA9+ years

Service code 15 · EIN 47-0322111

Recordkeeping

$9,773

STEAD AUTOMOTIVE GROUP #1 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

STEAD AUTOMOTIVE GROUP #1 401(K) 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