Retirement plan

AUTONATION 401(K) PLAN

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

AUTONATION, INC.EIN 73-1105145Plan #001PY 2020

200 SW 1ST AVENUE, SUITE 1400 - FORT LAUDERDALE, FL 33301954-769-6000autonation.comLinkedIn10001+ employeesautomotive

Prospect flagsLow participationLow employer contributionCorrective distributions

Top hat statement on fileNQDC

Filed February 3, 2006 (most recent of 2 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$781.2M

-6.6% from 2016

Total participants

24,776

-0.7% from 2016

Average account balance

$61,291

-4.8% from 2016

Annual return

13.13%

-8.79 pp from 2016

Benchmarks

See 89 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants>=10,000

Cohort89 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.09B

Not enough data

1 years with asset history on file

Average account balance

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

$70K

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.

15,679

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.

47.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$111.56M

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

+13.63%

Not enough data

1 years with return on file

Admin fee / account holder

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

$114

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

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Service providers

Top 8 by compensation

Provider	Service type	Compensation
WELLS FARGO BANK, N.A.6+ years Filed as: WELLS FARGO Service code 15 · EIN 94-1347393	Recordkeeping	$554,833
VOYA RETIREMENT INSURANCE & ANNUITY1 year Filed as: VOYA INSTITUTIONAL PLAN SERVICES, L Service code 15 · EIN 02-0488491	Recordkeeping	$221,338
NEWPORT GROUP, INC.5 years Service code 16 · EIN 59-3099288	Consulting	$68,750
ADP BROKER-DEALER1 year Filed as: ADP Service code 49 · EIN 45-2684799	Other Services	$50,550
MERCER2 years Service code 16 · EIN 61-0736136	Consulting	$27,735
KRONICK KALADA BERDY & CO., P.C.4 years Service code 10 · EIN 23-2667890	Accounting	$26,250
GROOM LAW GROUP2 years Service code 29 · EIN 52-1219029	Legal	$22,603
FINDLEY2 years Filed as: FINDLEY, INC. Service code 49 · EIN 34-1213174	Other Services	$4,500

Plan features & details

Pension benefit codes2E2F2G2J2K2T3H

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.
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

3 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.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$899K

$41 / participant

Other / not subdivided$899K100.0%

% of EOY assets

0.115%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: KRONICK KALADA BERDY & CO., P.C.
Auditor EIN: 232667890
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$61,291

$48,464+26.5%

$90,974-32.6%

$106,273-42.3%

Participation rate

44.6%

53.1%-8.5pp

69.0%-24.4pp

70.8%-26.2pp

Annual return

13.13%

16.72%-3.6pp

134.60%-121.5pp

21.70%-8.6pp

Employer contribution / active EE

$195

$939-79.2%

$2,122-90.8%

$2,722-92.8%

Participant deferral / active EE

$2,379

$1,510+57.6%

$3,373-29.5%

$4,601-48.3%

Admin fee / account holder

$71

$58+21.7%

$5,961-98.8%

$78-10.0%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.6+ years

Filed as: WELLS FARGO

Service code 15 · EIN 94-1347393

Recordkeeping

$554,833

VOYA RETIREMENT INSURANCE & ANNUITY1 year

Filed as: VOYA INSTITUTIONAL PLAN SERVICES, L

Service code 15 · EIN 02-0488491

Recordkeeping

$221,338

NEWPORT GROUP, INC.5 years

Service code 16 · EIN 59-3099288

Consulting

$68,750

ADP BROKER-DEALER1 year

Filed as: ADP

Service code 49 · EIN 45-2684799

Other Services

$50,550

MERCER2 years

Service code 16 · EIN 61-0736136

Consulting

$27,735

KRONICK KALADA BERDY & CO., P.C.4 years

Service code 10 · EIN 23-2667890

Accounting

$26,250

GROOM LAW GROUP2 years

Service code 29 · EIN 52-1219029

Legal

$22,603

FINDLEY2 years

Filed as: FINDLEY, INC.

Service code 49 · EIN 34-1213174

Other Services

$4,500

AUTONATION 401(K) PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AUTONATION 401(K) PLAN

Top hat statement on fileNQDC

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