Retirement plan

PERKINS MOTOR COMPANY, INC. PROFIT SHARING PLAN

Name: PERKINS MOTOR COMPANY, INC. - PERKINS MOTOR COMPANY, INC. PROFIT SHARING PLAN (2017) 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 2017

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

Prospect flagsLow returnsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$6.5M

+11.5% from 2016

Total participants

148

-12.9% from 2016

Average account balance

$49,775

+28.7% from 2016

Annual return

10.29%

+10.79 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

$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 INSURANCE2+ years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$32,472
BBVA SECURITIES INC2+ years Service code 55 1345 AVE OF THE AMERICAS 45TH FL · NEW YORK, NY 10105	Other Commissions	$10,958
WITHUMSMITH+BROWN, PC2+ years Filed as: ERICKSON BROWN KLOSTER, P.C. Service code 10 4565 HILTON PKWY STE 101 · COLORADO SPRINGS, CO 80907	Accounting	$10,791
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER RETIREMENT ADVISORY SERVICE Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$12

Plan features & details

Pension benefit codes2E2H2J2K2T3D2G2S3B

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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

$43K

$335 / participant

Contract admin$43K100.0%

% of EOY assets

0.663%

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

$49,775

$51,466-3.3%

$78,778-36.8%

$62,293-20.1%

Participation rate

85.9%

59.8%+26.1pp

69.2%+16.7pp

69.5%+16.4pp

Annual return

10.29%

19.96%-9.7pp

35.62%-25.3pp

28.90%-18.6pp

Employer contribution / active EE

$849

$827+2.6%

$1,986-57.2%

$2,042-58.4%

Participant deferral / active EE

$2,767

$2,147+28.8%

$2,958-6.5%

$3,169-12.7%

Admin fee / account holder

$330

$489-32.6%

$5,134-93.6%

$479-31.2%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE2+ years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$32,472

BBVA SECURITIES INC2+ years

Service code 55

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

Other Commissions

$10,958

WITHUMSMITH+BROWN, PC2+ years

Filed as: ERICKSON BROWN KLOSTER, P.C.

Service code 10

4565 HILTON PKWY STE 101 · COLORADO SPRINGS, CO 80907

Accounting

$10,791

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER RETIREMENT ADVISORY SERVICE

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$12

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