Retirement plan

EMPLOYEE BENEFIT PLAN OF SOUTHWEST MOTORS INC.

Name: SOUTHWEST MOTORS INC. - EMPLOYEE BENEFIT PLAN OF SOUTHWEST MOTORS INC. (2019) Form 5500
Creator: SOUTHWEST MOTORS INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF SOUTHWEST MOTORS INC., SOUTHWEST MOTORS INC.

SOUTHWEST MOTORS INC.EIN 84-1238076Plan #001PY 2019

2600 W US HIGHWAY 50 - PUEBLO, CO 810081622719-545-5700southwestmotors.comLinkedIn11-50 employeesautomotive

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$2.6M

+21.5% from 2018

Total participants

-9.7% from 2018

Average account balance

$50,862

+21.5% from 2018

Annual return

6.25%

-3.45 pp from 2018

Benchmarks

See 9,366 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort9,366 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.00M

Not enough data

1 years with asset history on file

Average account balance

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

$130K

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.

83.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$489K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+15.60%

Not enough data

1 years with return on file

Admin fee / account holder

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

$10963

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 codes2F2G2S2T

Plan features

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.
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.

Opportunity flags

2 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.

Expense breakdown

Schedule H Part II

Admin total

$191K

$3413 / participant

Other / not subdivided$191K100.0%

% of EOY assets

7.227%

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

$50,862

$58,493-13.0%

$84,021-39.5%

$72,975-30.3%

Participation rate

92.9%

61.2%+31.6pp

69.0%+23.8pp

69.5%+23.4pp

Annual return

6.25%

28.93%-22.7pp

71.32%-65.1pp

81.01%-74.8pp

Employer contribution / active EE

$2,966

$1,163+155.1%

$1,984+49.5%

$2,440+21.6%

Participant deferral / active EE

$6,091

$2,394+154.4%

$3,239+88.0%

$3,608+68.8%

Admin fee / account holder

$3,676

$4,569-19.5%

$6,102-39.8%

$5,124-28.3%

EMPLOYEE BENEFIT PLAN OF SOUTHWEST MOTORS INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF SOUTHWEST MOTORS INC.

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