Retirement plan

CARDINALE AUTOMOTIVE GROUP 401(K) PROFIT SHARING PLAN AND TRUST

Name: CARDINALE OLDSMOBILE GMC TRUCK, INC. - CARDINALE AUTOMOTIVE GROUP 401(K) PROFIT SHARING PLAN AND TRUST (2021) Form 5500
Creator: CARDINALE OLDSMOBILE GMC TRUCK, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CARDINALE AUTOMOTIVE GROUP 401(K) PROFIT SHARING PLAN AND TRUST, CARDINALE OLDSMOBILE GMC TRUCK, INC.

CARDINALE OLDSMOBILE GMC TRUCK, INC.EIN 77-0288570Plan #001PY 2021

3239 IMJIN RD - MARINA, CA 93933480-355-4405LinkedIn1-10 employeesretail

Prospect flagsLow participationLow assets / participantLow employer contributionLow fidelity bondFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$12M

+20.7% from 2020

Total participants

709

+7.6% from 2020

Average account balance

$22,469

+4.2% from 2020

Annual return

13.93%

-0.96 pp from 2020

Benchmarks

See 1,264 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort1,264 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$16.42M

Not enough data

1 years with asset history on file

Average account balance

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

$19K

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.

862

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.

79.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.25M

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

+15.21%

Not enough data

1 years with return on file

Admin fee / account holder

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

$101

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 6 by compensation

Provider	Service type	Compensation
NATIONWIDE7+ years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$61,921
SECURITIES AMERICA INC1 year Service code 27 12325 PORT GRACE BLVD · LA VISTA, NE 68103	Advisory (Plan)	$6,250
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$4,360
ASCENSUS LLC2 years Filed as: FUTUREPLAN BY ASCENSUS Service code 14 · EIN 82-3719843 PO BOX 734602 · CHICAGO, IL 60673	Plan Administrator	$3,735
CETERA ADVISOR NETWORKS LLC1 year Filed as: CWM, LLC Service code 28 · EIN 27-4011107 13321 CALIFORNIA STREET · OMAHA, NE 68154	Investment Management	$1,644
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: ADVISED ASSETS GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$187

Plan features & details

Pension benefit codes2A2E2F2G2J2K2S2T3D3H

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.
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.
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

6 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.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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

$78K

$169 / participant

Investment mgmt$8K10.3%
Contract admin$70K89.7%

% of EOY assets

0.650%

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: CSMD, LLP
Auditor EIN: 680307221
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$22,469

$50,956-55.9%

$96,572-76.7%

$86,821-74.1%

Participation rate

62.3%

65.2%-3.0pp

69.8%-7.6pp

72.3%-10.0pp

Annual return

13.93%

21.27%-7.3pp

37.79%-23.9pp

97.94%-84.0pp

Employer contribution / active EE

$1,111-100.0%

$2,357-100.0%

$2,406-100.0%

Participant deferral / active EE

$3,053

$2,954+3.3%

$3,850-20.7%

$4,132-26.1%

Admin fee / account holder

$146

$166-12.1%

$6,183-97.6%

$170-13.9%

Provider

Service type

Compensation

NATIONWIDE7+ years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$61,921

SECURITIES AMERICA INC1 year

Service code 27

12325 PORT GRACE BLVD · LA VISTA, NE 68103

Advisory (Plan)

$6,250

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$4,360

ASCENSUS LLC2 years

Filed as: FUTUREPLAN BY ASCENSUS

Service code 14 · EIN 82-3719843

PO BOX 734602 · CHICAGO, IL 60673

Plan Administrator

$3,735

CETERA ADVISOR NETWORKS LLC1 year

Filed as: CWM, LLC

Service code 28 · EIN 27-4011107

13321 CALIFORNIA STREET · OMAHA, NE 68154

Investment Management

$1,644

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: ADVISED ASSETS GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$187

CARDINALE AUTOMOTIVE GROUP 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CARDINALE AUTOMOTIVE GROUP 401(K) PROFIT SHARING PLAN AND TRUST

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