Retirement plan

PARETTI MOTOR COMPANY, L.L.C. 401(K) PLAN

Name: PARETTI MOTOR COMPANY, L.L.C. - PARETTI MOTOR COMPANY, L.L.C. 401(K) PLAN (2019) Form 5500
Creator: PARETTI MOTOR COMPANY, L.L.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PARETTI MOTOR COMPANY, L.L.C. 401(K) PLAN, PARETTI MOTOR COMPANY, L.L.C.

PARETTI MOTOR COMPANY, L.L.C.dba PARETTI MAZDAEIN 72-0394017Plan #001PY 2019

4000 VETERANS BLVD. - METAIRIE, LA 70002504-888-5420parettijaguar.comLinkedIn51-200 employees

Prospect flagsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$2M

+22.8% from 2018

Total participants

116

-15.3% from 2018

Average account balance

$50,998

+35.4% from 2018

Annual return

23.12%

+28.68 pp from 2018

Benchmarks

See 2,278 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,278 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.50M

Not enough data

1 years with asset history on file

Average account balance

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

$56K

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.

58.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$334K

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

+16.81%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2904

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

Top 1 by compensation

Provider	Service type	Compensation
MINNESOTA LIFE INSURANCE COMPANY5+ years Service code 13 · EIN 41-0417830	Contract Administrator	$20

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

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.
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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$20

$0 / participant

Contract admin$20100.0%

% of EOY assets

0.001%

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: LAPORTE, APAC
Auditor EIN: 721088894
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$50,998

$49,138+3.8%

$84,023-39.3%

$65,186-21.8%

Participation rate

27.4%

60.7%-33.4pp

69.0%-41.7pp

70.2%-42.8pp

Annual return

23.12%

23.00%+0.1pp

71.32%-48.2pp

29.39%-6.3pp

Employer contribution / active EE

$914-100.0%

$1,984-100.0%

$2,177-100.0%

Participant deferral / active EE

$1,247

$2,397-48.0%

$3,239-61.5%

$3,514-64.5%

Admin fee / account holder

$543-99.9%

$6,102-100.0%

$847-99.9%

Provider

Service type

Compensation

MINNESOTA LIFE INSURANCE COMPANY5+ years

Service code 13 · EIN 41-0417830

Contract Administrator

$20

PARETTI MOTOR COMPANY, L.L.C. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PARETTI MOTOR COMPANY, L.L.C. 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