Retirement plan

YOKEM MOTORS, LLC 401(K) PROFIT SHARING PLAN

Name: YOKEM MOTORS, LLC - YOKEM MOTORS, LLC 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: YOKEM MOTORS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, YOKEM MOTORS, LLC 401(K) PROFIT SHARING PLAN, YOKEM MOTORS, LLC

YOKEM MOTORS, LLCEIN 72-0693003Plan #001PY 2020

1199 E. BERT KOUNS INDUSTRIAL LOOP - SHREVEPORT, LA 711055628318-795-3177LinkedIn51-200 employeesretail

Prospect flagsLow returnsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$10.3M

-1.7% from 2019

Total participants

145

-9.9% from 2019

Average account balance

$74,029

+6.8% from 2019

Annual return

11.03%

+5.92 pp from 2019

Benchmarks

See 2,198 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,198 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.53M

Not enough data

1 years with asset history on file

Average account balance

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

$66K

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.

175

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.

99.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$969K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+9.30%

Not enough data

1 years with return on file

Admin fee / account holder

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

$294

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 2 by compensation

Provider	Service type	Compensation
PHD CONSULTING LLC1 year Service code 27 DBA PHD RETIREMENT CONSULTING · OVERLAND PARK, KS 66213	Advisory (Plan)	$22,000
JPMORGAN INVEST HOLDINGS LLC5+ years Service code 64 · EIN 13-2624428	Recordkeeping Fees	$20,555

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$43K

$340 / participant

Contract admin$43K100.0%

% of EOY assets

0.414%

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: HEARD, MCELROY & VESTAL, LLC
Auditor EIN: 720398470
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$74,029

$54,573+35.7%

$90,970-18.6%

$73,497+0.7%

Participation rate

95.2%

61.2%+34.0pp

69.0%+26.2pp

70.7%+24.5pp

Annual return

11.03%

16.69%-5.7pp

134.60%-123.6pp

28.51%-17.5pp

Employer contribution / active EE

$1,667

$991+68.1%

$2,122-21.4%

$2,270-26.6%

Participant deferral / active EE

$6,014

$2,517+138.9%

$3,373+78.3%

$3,740+60.8%

Admin fee / account holder

$306

$521-41.3%

$5,961-94.9%

$513-40.3%

Provider

Service type

Compensation

PHD CONSULTING LLC1 year

Service code 27

DBA PHD RETIREMENT CONSULTING · OVERLAND PARK, KS 66213

Advisory (Plan)

$22,000

JPMORGAN INVEST HOLDINGS LLC5+ years

Service code 64 · EIN 13-2624428

Recordkeeping Fees

$20,555

YOKEM MOTORS, LLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

YOKEM MOTORS, LLC 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