Retirement plan

MMS MOTORSPORTS, LLC 401(K) PROFIT SHARING PLAN & TRUST

Name: MMS MOTORSPORTS, LLC - MMS MOTORSPORTS, LLC 401(K) PROFIT SHARING PLAN & TRUST (2024) Form 5500
Creator: MMS MOTORSPORTS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MMS MOTORSPORTS, LLC 401(K) PROFIT SHARING PLAN & TRUST, MMS MOTORSPORTS, LLC

MMS MOTORSPORTS, LLCEIN 82-2644152Plan #001PY 2024

1686 WHITE CIRCLE NW - MARIETTA, GA 30066678-280-2525

Prospect flagsLow assets / participantFailed to transmit contributions

Top hat statement on fileNQDC

Filed December 15, 2020

Plan administrator

Plan administrator name— Sign in and upgrade to view

780 cobb Parkway S

Marietta, GA 30060

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Plans declared (1)

Mountain Motorsports Executive Compensation Plan7 emp

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Total assets (EOY)

$8.1M

+26.5% from 2023

Total participants

453

+27.2% from 2023

Average account balance

$21,327

+13.8% from 2023

Annual return

12.19%

-7.48 pp from 2023

Benchmarks

See 1,305 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort1,305 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.06M

Not enough data

1 years with asset history on file

Average account balance

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

$21K

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.

378

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.

74.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.83M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+12.19%

Not enough data

1 years with return on file

Admin fee / account holder

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

$284

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 4 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS1 year Service code 15 · EIN 13-3689044	Recordkeeping	$41,422
COMMONWEALTH FINANCIAL NETWORK3 years Service code 16 · EIN 04-2675571	Consulting	$28,253
ASCENSUS LLC3 years Filed as: FUTUREPLAN BY ASCENSUS Service code 10 · EIN 82-3719843	Accounting	$24,215
ROCKEFELLER FINANCIAL LLC1 year Filed as: ROCKEFELLER CAP MGMNT INS SERVICES Service code 16 · EIN 82-4926179	Consulting	$10,073

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D3H

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.
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

2 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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

$107K

$367 / participant

Recordkeeping$41K38.6%
Investment mgmt$42K38.8%
Salaries / allowances$24K22.6%

% of EOY assets

1.331%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CBIZ CPA'S, PC
Auditor EIN: 431947695
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$21,327

$54,245-60.7%

$93,727-77.2%

$77,762-72.6%

Participation rate

74.3%

63.9%+10.4pp

68.7%+5.6pp

70.6%+3.7pp

Annual return

12.19%

30.58%-18.4pp

133.83%-121.6pp

31.27%-19.1pp

Employer contribution / active EE

$2,405

$1,168+106.0%

$2,421-0.7%

$2,728-11.8%

Participant deferral / active EE

$3,868

$3,144+23.0%

$4,417-12.4%

$4,651-16.8%

Admin fee / account holder

$284

$575-50.7%

$8,292-96.6%

$433-34.5%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS1 year

Service code 15 · EIN 13-3689044

Recordkeeping

$41,422

COMMONWEALTH FINANCIAL NETWORK3 years

Service code 16 · EIN 04-2675571

Consulting

$28,253

ASCENSUS LLC3 years

Filed as: FUTUREPLAN BY ASCENSUS

Service code 10 · EIN 82-3719843

Accounting

$24,215

ROCKEFELLER FINANCIAL LLC1 year

Filed as: ROCKEFELLER CAP MGMNT INS SERVICES

Service code 16 · EIN 82-4926179

Consulting

$10,073

MMS MOTORSPORTS, LLC 401(K) PROFIT SHARING PLAN & TRUST

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MMS MOTORSPORTS, LLC 401(K) PROFIT SHARING PLAN & TRUST

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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