Retirement plan

JIM BASS FORD, INC. 401(K) PLAN

Name: JIM BASS FORD, INC. - JIM BASS FORD, INC. 401(K) PLAN (2024) Form 5500
Creator: JIM BASS FORD, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, JIM BASS FORD, INC. 401(K) PLAN, JIM BASS FORD, INC.

JIM BASS FORD, INC.EIN 75-1099335Plan #001PY 2024

BOX 3488 - SAN ANGELO, TX 76901325-949-4621jimbassford.comLinkedIn1-10 employees

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$12.1M

+21.6% from 2023

Total participants

208

+48.6% from 2023

Average account balance

$64,973

-22.6% from 2023

Annual return

16.60%

-7.06 pp from 2023

Benchmarks

See 2,313 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,313 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.15M

Not enough data

1 years with asset history on file

Average account balance

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

$65K

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.

187

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.

86.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.28M

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

+16.60%

Not enough data

1 years with return on file

Admin fee / account holder

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

$41

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
STRATEGIC ADVISORS, INC.2 years Service code 27 · EIN 04-2654524	Advisory (Plan)	$7,603
FIDELITY INVESTMENTS INSTITUTIONAL10+ years Service code 64 · EIN 04-2647786	Recordkeeping Fees	$75

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.

Opportunity flags

1 tripped

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

$8K

$49 / participant

Recordkeeping$751.0%
Investment mgmt$8K99.0%

% of EOY assets

0.063%

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: WALTERS & ASSOCIATES, CPAS
Auditor EIN: 593618759
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$64,973

$59,456+9.3%

$93,669-30.6%

$74,429-12.7%

Participation rate

86.7%

59.6%+27.1pp

68.7%+18.0pp

67.2%+19.5pp

Annual return

16.60%

82.00%-65.4pp

133.59%-117.0pp

1368.38%-1351.8pp

Employer contribution / active EE

$3,032

$1,266+139.5%

$2,424+25.1%

$2,625+15.5%

Participant deferral / active EE

$5,043

$3,052+65.2%

$4,416+14.2%

$4,348+16.0%

Admin fee / account holder

$41

$3,026-98.6%

$8,291-99.5%

$1,944-97.9%

Provider

Service type

Compensation

STRATEGIC ADVISORS, INC.2 years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$7,603

FIDELITY INVESTMENTS INSTITUTIONAL10+ years

Service code 64 · EIN 04-2647786

Recordkeeping Fees

$75

JIM BASS FORD, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

JIM BASS FORD, INC. 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