Retirement plan

SEWELL FAMILY OF COMPANIES, INC. 401(K) PROFIT SHARING PLAN

Name: SEWELL FAMILY OF COMPANIES INC. - SEWELL FAMILY OF COMPANIES, INC. 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: SEWELL FAMILY OF COMPANIES INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SEWELL FAMILY OF COMPANIES, INC. 401(K) PROFIT SHARING PLAN, SEWELL FAMILY OF COMPANIES INC.

SEWELL FAMILY OF COMPANIES INC.EIN 75-0715754Plan #001PY 2024

4400 PARKS LEGADO RD - ODESSA, TX 797658998432-498-0421teamsewell.comLinkedIn501-1000 employeesautomotive

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$18.1M

+19.6% from 2023

Total participants

691

-5.9% from 2023

Average account balance

$56,445

+33.4% from 2023

Annual return

17.95%

-12.93 pp from 2023

Benchmarks

See 1,307 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort1,307 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$18.12M

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.

321

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.

40.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.56M

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

+17.95%

Not enough data

1 years with return on file

Admin fee / account holder

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

$373

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 4 by compensation

Provider	Service type	Compensation
STA BENEFITS, LTD1 year Filed as: STA BENEFITS LTD Service code 26 · EIN 32-0041749 306 W. WALL STREET · MIDLAND, TX 79707	Advisory (Participants)	$52,900
JOHN HANCOCK LIFE INSURANCE COMPANY2 years Filed as: JOHN HANCOCK Service code 15 · EIN 01-0233346	Recordkeeping	$44,875
NFP RETIREMENT INC1 year Filed as: NFP RETIREMENT Service code 26 · EIN 12-4029115	Advisory (Participants)	$14,334
WILSHIRE ASSOCIATES INCORPORATED1 year Filed as: WILSHIRE ASSOCIATES INC. Service code 26 · EIN 95-2755361	Advisory (Participants)	$7,557

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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.
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

$120K

$193 / participant

Investment mgmt$75K62.8%
Contract admin$45K37.2%

% of EOY assets

0.660%

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: PLANTE & MORAN, PLLC
Auditor EIN: 331498605
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$56,445

$54,213+4.1%

$93,696-39.8%

$77,736-27.4%

Participation rate

40.3%

64.0%-23.6pp

68.7%-28.4pp

70.6%-30.3pp

Annual return

17.95%

30.55%-12.6pp

133.74%-115.8pp

31.26%-13.3pp

Employer contribution / active EE

$1,168-100.0%

$2,422-100.0%

$2,728-100.0%

Participant deferral / active EE

$2,512

$3,145-20.1%

$4,417-43.1%

$4,651-46.0%

Admin fee / account holder

$373

$575-35.1%

$8,287-95.5%

$433-14.0%

Provider

Service type

Compensation

STA BENEFITS, LTD1 year

Filed as: STA BENEFITS LTD

Service code 26 · EIN 32-0041749

306 W. WALL STREET · MIDLAND, TX 79707

Advisory (Participants)

$52,900

JOHN HANCOCK LIFE INSURANCE COMPANY2 years

Filed as: JOHN HANCOCK

Service code 15 · EIN 01-0233346

Recordkeeping

$44,875

NFP RETIREMENT INC1 year

Filed as: NFP RETIREMENT

Service code 26 · EIN 12-4029115

Advisory (Participants)

$14,334

WILSHIRE ASSOCIATES INCORPORATED1 year

Filed as: WILSHIRE ASSOCIATES INC.

Service code 26 · EIN 95-2755361

Advisory (Participants)

$7,557

SEWELL FAMILY OF COMPANIES, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SEWELL FAMILY OF COMPANIES, INC. 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