Retirement plan

SOUTHWEST EQUIPMENT PARTS 401(K) PROFIT SHARING PLAN & TRUST

Name: SOUTHWEST EQUIPMENT PARTS - SOUTHWEST EQUIPMENT PARTS 401(K) PROFIT SHARING PLAN & TRUST (2022) Form 5500
Creator: SOUTHWEST EQUIPMENT PARTS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SOUTHWEST EQUIPMENT PARTS 401(K) PROFIT SHARING PLAN & TRUST, SOUTHWEST EQUIPMENT PARTS

SOUTHWEST EQUIPMENT PARTSEIN 81-3768187Plan #001PY 2022

9866 7TH STREET UNIT 100 - RANCHO CUCAMONGA, CA 91730909-476-1056

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$131K

+48.5% from 2021

Total participants

+66.7% from 2021

Average account balance

$32,693

+11.4% from 2021

Annual return

15.06%

+36.24 pp from 2021

Benchmarks

See 21,416 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants<25

Cohort21,416 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$248K

Not enough data

1 years with asset history on file

Average account balance

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

$41K

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.

85.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$54K

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

+2.27%

Not enough data

1 years with return on file

Admin fee / account holder

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

$755

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

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

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

$19K

$3824 / participant

Other / not subdivided$19K100.0%

% of EOY assets

14.622%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$32,693

$95,895-65.9%

$79,576-58.9%

$134,509-75.7%

Participation rate

80.0%

75.0%+5.0pp

69.5%+10.5pp

81.2%-1.2pp

Annual return

15.06%

-2.72%+17.8pp

0.15%+14.9pp

418.13%-403.1pp

Employer contribution / active EE

$657

$3,128-79.0%

$2,413-72.8%

$4,741-86.1%

Participant deferral / active EE

$5,230

$4,693+11.4%

$3,985+31.2%

$6,400-18.3%

Admin fee / account holder

$4,780

$9,129-47.6%

$6,834-30.1%

$11,427-58.2%

SOUTHWEST EQUIPMENT PARTS 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SOUTHWEST EQUIPMENT PARTS 401(K) PROFIT SHARING PLAN & 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