Retirement plan

BBB AUTOMOTIVE 401(K) PLAN

Name: BBB AUTOMOTIVE, LLC - BBB AUTOMOTIVE 401(K) PLAN (2023) Form 5500
Creator: BBB AUTOMOTIVE, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BBB AUTOMOTIVE 401(K) PLAN, BBB AUTOMOTIVE, LLC

BBB AUTOMOTIVE, LLCEIN 85-2917092Plan #001PY 2023

3120 AIRWAY AVE - COSTA MESA, CA 92626949-734-7342

Prospect flagsLow assets / participantFailed to transmit contributions

How to read this page

Total assets (EOY)

$2.1M

+53.7% from 2022

Total participants

252

+15.6% from 2022

Average account balance

$8,476

+32.9% from 2022

Annual return

14.57%

+18.98 pp from 2022

Benchmarks

See 9,478 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort9,478 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.41M

Not enough data

1 years with asset history on file

Average account balance

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

$19K

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.

89.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$311K

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

+8.70%

Not enough data

1 years with return on file

Admin fee / account holder

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

$553

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
TRANSAMERICA RETIREMENT SOLUTIONS3+ years Filed as: TRANSAMERICA LIFE INSURANCE CO. Service code 15 · EIN 39-0989781	Recordkeeping	$10,363
GREAT-WEST LIFE & ANNUITY INSURANCE3+ years Filed as: EDWARD D JONES & COMPANY Service code 27 · EIN 43-0345811	Advisory (Plan)	$5,848
UNIGLOBAL PENSION PLANNING, INC.3+ years Service code 15 · EIN 13-3601506 4114 LEGATO ROAD SUITE 300 · FAIRFAX, VA 22033	Recordkeeping	$1,500
MESIROW FINANCIAL INVESTMENT MANAGE3+ years Filed as: MESIROW FINANCIAL, INC. Service code 27 · EIN 36-3194849	Advisory (Plan)	$250

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

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.
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

$19K

$201 / participant

Recordkeeping$17K87.4%
Investment mgmt$2K12.6%

% of EOY assets

0.885%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BD & COMPANY, INC.
Auditor EIN: 451135289
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$8,476

$65,566-87.1%

$86,235-90.2%

$75,177-88.7%

Participation rate

100.0%

60.5%+39.5pp

69.0%+31.0pp

67.2%+32.8pp

Annual return

14.57%

46.07%-31.5pp

1170.03%-1155.5pp

160.75%-146.2pp

Employer contribution / active EE

$3,979

$1,553+156.1%

$2,381+67.1%

$2,671+48.9%

Participant deferral / active EE

$3,205

$3,023+6.0%

$3,987-19.6%

$4,126-22.3%

Admin fee / account holder

$75

$5,470-98.6%

$6,856-98.9%

$5,651-98.7%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS3+ years

Filed as: TRANSAMERICA LIFE INSURANCE CO.

Service code 15 · EIN 39-0989781

Recordkeeping

$10,363

GREAT-WEST LIFE & ANNUITY INSURANCE3+ years

Filed as: EDWARD D JONES & COMPANY

Service code 27 · EIN 43-0345811

Advisory (Plan)

$5,848

UNIGLOBAL PENSION PLANNING, INC.3+ years

Service code 15 · EIN 13-3601506

4114 LEGATO ROAD SUITE 300 · FAIRFAX, VA 22033

Recordkeeping

$1,500

MESIROW FINANCIAL INVESTMENT MANAGE3+ years

Filed as: MESIROW FINANCIAL, INC.

Service code 27 · EIN 36-3194849

Advisory (Plan)

$250

BBB AUTOMOTIVE 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BBB AUTOMOTIVE 401(K) 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