Retirement plan

THE DURANT AUTO GROUP 401(K) PLAN

Name: CLASSIC CHEVROLET BUICK GMC, INC. - THE DURANT AUTO GROUP 401(K) PLAN (2016) Form 5500
Creator: CLASSIC CHEVROLET BUICK GMC, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE DURANT AUTO GROUP 401(K) PLAN, CLASSIC CHEVROLET BUICK GMC, INC.

CLASSIC CHEVROLET BUICK GMC, INC.EIN 75-1159462Plan #002PY 2016

1101 W HIGHWAY 114 - GRAPEVINE, TX 76051817-421-1200classicchevroletbuickgmcgranbury.comLinkedIn51-200 employeesautomotive

Prospect flagsFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$37.2M

+15.4% from 2015

Total participants

2,281

+14.7% from 2015

Average account balance

$21,285

-89.9% from 2015

Annual return

7.10%

+5.50 pp from 2015

Benchmarks

See 334 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants1,000-4,999

Cohort334 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$71.97M

Not enough data

1 years with asset history on file

Average account balance

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

$25K

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.

2,906

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.

73.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$10.37M

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

+14.00%

Not enough data

1 years with return on file

Admin fee / account holder

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

$108

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 3 by compensation

Provider	Service type	Compensation
WIMMER CONSULTING LLC2+ years Service code 27 · EIN 26-0637928	Advisory (Plan)	$69,268
MILBERN RAY AND COMPANY2+ years Service code 10 · EIN 75-1793612	Accounting	$50,290
FIDELITY INVESTMENTS INSTITUTIONAL2+ years Service code 60 · EIN 04-2647786	Sub-TA Fees	$4,446

Plan features & details

Pension benefit codes2F2G2J2K2R2S2T2E

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.

Opportunity flags

2 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$124K

$60 / participant

Investment mgmt$3630.3%
Other / not subdivided$123K99.7%

% of EOY assets

0.333%

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: MILBERN RAY AND COMPANY, LLP
Auditor EIN: 751793612
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$21,285

$33,232-36.0%

$71,796-70.4%

$63,975-66.7%

Participation rate

73.8%

60.1%+13.7pp

69.1%+4.7pp

71.1%+2.7pp

Annual return

7.10%

11.99%-4.9pp

78.04%-70.9pp

48.65%-41.6pp

Employer contribution / active EE

$585

$723-19.0%

$1,924-69.6%

$2,182-73.2%

Participant deferral / active EE

$2,082

$1,604+29.8%

$2,794-25.5%

$3,356-38.0%

Admin fee / account holder

$71

$63+11.5%

$4,815-98.5%

$70+0.5%

Provider

Service type

Compensation

WIMMER CONSULTING LLC2+ years

Service code 27 · EIN 26-0637928

Advisory (Plan)

$69,268

MILBERN RAY AND COMPANY2+ years

Service code 10 · EIN 75-1793612

Accounting

$50,290

FIDELITY INVESTMENTS INSTITUTIONAL2+ years

Service code 60 · EIN 04-2647786

Sub-TA Fees

$4,446

THE DURANT AUTO GROUP 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE DURANT AUTO GROUP 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