Retirement plan

THE EL DORADO MOTORS, INC. 401(K) PLAN

Name: EL DORADO MOTORS, INC. - THE EL DORADO MOTORS, INC. 401(K) PLAN (2017) Form 5500
Creator: EL DORADO MOTORS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE EL DORADO MOTORS, INC. 401(K) PLAN, EL DORADO MOTORS, INC.

EL DORADO MOTORS, INC.EIN 75-2410079Plan #001PY 2017

2300 NORTH CENTRAL EXPRESSWAY - MCKINNEY, TX 750703746972-569-0104

Prospect flagsHigh feesLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$2.1M

+31.4% from 2016

Total participants

135

+13.4% from 2016

Average account balance

$37,575

+5.1% from 2016

Annual return

14.59%

+6.56 pp from 2016

Benchmarks

See 2,319 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,319 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.20M

Not enough data

1 years with asset history on file

Average account balance

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

$79K

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.

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.

38.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$538K

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

+12.07%

Not enough data

1 years with return on file

Admin fee / account holder

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

$11707

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

0 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
WEALTHSTREET INVESTMENT ADVISORS,LL1 year Filed as: WEALTHSTREET INVESTMENT ADV, LLC Service code 51 1445 ROSS AVE · DALLAS, TX 75202	Investment Mgmt Fees	$10,198
NEWPORT GROUP, INC.3+ years Service code 15 · EIN 27-2037969	Recordkeeping	$7,238

Plan features & details

Pension benefit codes2A2E2F2G2J2K3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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

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.)
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

$19K

$150 / participant

Investment mgmt$10K54.9%
Contract admin$7K39.0%
Other / not subdivided$1K6.1%

% of EOY assets

0.899%

all-in expense ratio

Categories reported

2 / 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: TURNER, VEDRENNE & HOWARD
Auditor EIN: 752915651
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$37,575

$51,466-27.0%

$78,778-52.3%

$62,293-39.7%

Participation rate

35.5%

59.8%-24.3pp

69.2%-33.7pp

69.5%-34.0pp

Annual return

14.59%

19.96%-5.4pp

35.62%-21.0pp

28.90%-14.3pp

Employer contribution / active EE

$364

$827-56.0%

$1,986-81.7%

$2,042-82.2%

Participant deferral / active EE

$1,999

$2,147-6.9%

$2,958-32.4%

$3,169-36.9%

Admin fee / account holder

$338

$489-31.0%

$5,134-93.4%

$479-29.6%

Provider

Service type

Compensation

WEALTHSTREET INVESTMENT ADVISORS,LL1 year

Filed as: WEALTHSTREET INVESTMENT ADV, LLC

Service code 51

1445 ROSS AVE · DALLAS, TX 75202

Investment Mgmt Fees

$10,198

NEWPORT GROUP, INC.3+ years

Service code 15 · EIN 27-2037969

Recordkeeping

$7,238

THE EL DORADO MOTORS, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE EL DORADO MOTORS, 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