Retirement plan

PHIL LONG DEALERSHIPS, INC. 401(K) PROFIT SHARING PLAN

Name: PHIL LONG DEALERSHIPS, INC. - PHIL LONG DEALERSHIPS, INC. 401(K) PROFIT SHARING PLAN (2017) Form 5500
Creator: PHIL LONG DEALERSHIPS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PHIL LONG DEALERSHIPS, INC. 401(K) PROFIT SHARING PLAN, PHIL LONG DEALERSHIPS, INC.

PHIL LONG DEALERSHIPS, INC.EIN 84-1393913Plan #002PY 2017

4045 SINTON ROAD - COLORADO SPRINGS, CO 80907719-667-2991phillong.comLinkedIn1001-5000 employeesautomotive

Prospect flagsFailed to provide benefitCorrective distributions

How to read this page

Total assets (EOY)

$28.2M

+8.2% from 2016

Total participants

1,102

+18.9% from 2016

Average account balance

$27,305

-10.7% from 2016

Annual return

14.19%

+5.87 pp from 2016

Benchmarks

See 1,218 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort1,218 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$64.66M

Not enough data

1 years with asset history on file

Average account balance

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

$32K

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.

1,995

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.

88.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$8.51M

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

+13.07%

Not enough data

1 years with return on file

Admin fee / account holder

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

$128

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 6 by compensation

Provider	Service type	Compensation
WELLS FARGO BANK, N.A.3+ years Service code 15 · EIN 94-1347393	Recordkeeping	$47,672
MORGAN STANLEY SMITH BARNEY1 year Filed as: MORGAN STANLEY GLOBAL BANKING OPER Service code 16 · EIN 26-4310632	Consulting	$18,977
MORGAN STANLEY SMITH BARNEY3+ years Filed as: MORGAN STANLEY Service code 27 · EIN 13-2655998	Advisory (Plan)	$18,362
FIDELITY INVESTMENTS INSTITUTIONAL1 year Service code 37 · EIN 04-2647786	Loan Processing	$12,608
CROWE LLP3+ years Filed as: CROWE HORWATH Service code 10 · EIN 35-0921680	Accounting	$9,000
MORGAN STANLEY SMITH BARNEY1 year Filed as: MORGAN STANLEY SMITH BARNEY LLC Service code 99 HARBORSIDE FINANCIAL CTR · JERSEY CITY, NJ 07311	Other Fees	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D3F

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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.

Opportunity flags

2 tripped

ComplianceFailed to provide benefit
Form 5500 reported that benefits due were not provided when due.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$110K

$140 / participant

Other / not subdivided$110K100.0%

% of EOY assets

0.389%

all-in expense ratio

Categories reported

0 / 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: CROWE LLP
Auditor EIN: 350921680
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$27,305

$48,064-43.2%

$78,778-65.3%

$69,631-60.8%

Participation rate

91.3%

61.6%+29.8pp

69.2%+22.1pp

70.7%+20.7pp

Annual return

14.19%

21.81%-7.6pp

35.62%-21.4pp

27571.02%-27556.8pp

Employer contribution / active EE

$382

$744-48.6%

$1,986-80.8%

$2,032-81.2%

Participant deferral / active EE

$3,762

$2,079+80.9%

$2,958+27.2%

$3,224+16.7%

Admin fee / account holder

$106

$152-30.2%

$5,134-97.9%

$110-3.9%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.3+ years

Service code 15 · EIN 94-1347393

Recordkeeping

$47,672

MORGAN STANLEY SMITH BARNEY1 year

Filed as: MORGAN STANLEY GLOBAL BANKING OPER

Service code 16 · EIN 26-4310632

Consulting

$18,977

MORGAN STANLEY SMITH BARNEY3+ years

Filed as: MORGAN STANLEY

Service code 27 · EIN 13-2655998

Advisory (Plan)

$18,362

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Service code 37 · EIN 04-2647786

Loan Processing

$12,608

CROWE LLP3+ years

Filed as: CROWE HORWATH

Service code 10 · EIN 35-0921680

Accounting

$9,000

MORGAN STANLEY SMITH BARNEY1 year

Filed as: MORGAN STANLEY SMITH BARNEY LLC

Service code 99

HARBORSIDE FINANCIAL CTR · JERSEY CITY, NJ 07311

Other Fees

PHIL LONG DEALERSHIPS, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PHIL LONG DEALERSHIPS, INC. 401(K) 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