Retirement plan

PERKINS MOTOR COMPANY, INC. PROFIT SHARING PLAN

Name: PERKINS MOTOR COMPANY, INC. - PERKINS MOTOR COMPANY, INC. PROFIT SHARING PLAN (2016) Form 5500
Creator: PERKINS MOTOR COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PERKINS MOTOR COMPANY, INC. PROFIT SHARING PLAN, PERKINS MOTOR COMPANY, INC.

PERKINS MOTOR COMPANY, INC.EIN 84-0461492Plan #001PY 2016

1205 MOTOR CITY DRIVE - COLORADO SPRINGS, CO 809050352719-475-2330LinkedIn11-50 employeesautomotive

Prospect flagsLow returnsCorrective distributions

How to read this page

Total assets (EOY)

$5.8M

No prior year

Total participants

170

No prior year

Average account balance

$38,675

No prior year

Annual return

-0.50%

No prior year

Benchmarks

See 2,356 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,356 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.90M

Not enough data

1 years with asset history on file

Average account balance

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

$20K

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.

250

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.

97.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$543K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+6.52%

Not enough data

1 years with return on file

Admin fee / account holder

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

$189

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 4 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1+ years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$32,168
BBVA SECURITIES INC1+ years Service code 55 1345 AVE OF THE AMERICAS 45TH FL · NEW YORK, NY 10105	Other Commissions	$10,947
WITHUMSMITH+BROWN, PC1+ years Filed as: ERICKSON BROWN KLOSTER, P.C. Service code 10 4565 HILTON PKWY STE 101 · COLORADO SPRINGS, CO 80907	Accounting	$6,864
GREAT-WEST LIFE & ANNUITY INSURANCE1+ years Filed as: ADVISED ASSET GROUP Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$9

Plan features & details

Pension benefit codes2E2G2J2K2T3D2F2S3B

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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$39K

$244 / participant

Contract admin$39K100.0%

% of EOY assets

0.673%

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: ERICKSON, BROWN & KLOSTER, P.C.
Auditor EIN: 840957308
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$38,675

$42,546-9.1%

$71,796-46.1%

$55,167-29.9%

Participation rate

87.5%

59.1%+28.4pp

69.1%+18.4pp

69.0%+18.5pp

Annual return

-0.50%

12.36%-12.9pp

78.04%-78.5pp

169.23%-169.7pp

Employer contribution / active EE

$635

$803-20.9%

$1,924-67.0%

$1,963-67.6%

Participant deferral / active EE

$2,204

$2,064+6.8%

$2,794-21.1%

$3,054-27.8%

Admin fee / account holder

$260

$650-59.9%

$4,815-94.6%

$504-48.3%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1+ years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$32,168

BBVA SECURITIES INC1+ years

Service code 55

1345 AVE OF THE AMERICAS 45TH FL · NEW YORK, NY 10105

Other Commissions

$10,947

WITHUMSMITH+BROWN, PC1+ years

Filed as: ERICKSON BROWN KLOSTER, P.C.

Service code 10

4565 HILTON PKWY STE 101 · COLORADO SPRINGS, CO 80907

Accounting

$6,864

GREAT-WEST LIFE & ANNUITY INSURANCE1+ years

Filed as: ADVISED ASSET GROUP

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

PERKINS MOTOR COMPANY, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PERKINS MOTOR COMPANY, INC. PROFIT SHARING 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