Retirement plan

MURDOCK CHEVROLET 401(K) PLAN

Name: MURDOCK CHEVROLET AUTO GROUP - MURDOCK CHEVROLET 401(K) PLAN (2024) Form 5500
Creator: MURDOCK CHEVROLET AUTO GROUP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MURDOCK CHEVROLET 401(K) PLAN, MURDOCK CHEVROLET AUTO GROUP

MURDOCK CHEVROLET AUTO GROUPdba MURDOCK CHEVROLET, INC.EIN 87-0381839Plan #001PY 2024

2375 SOUTH 625 WEST - WOODS CROSS, UT 84087801-298-8090murdockautogroup.comLinkedIn201-500 employeesretail

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$9.3M

+11.2% from 2023

Total participants

453

+3.9% from 2023

Average account balance

$53,852

+14.4% from 2023

Annual return

12.82%

-10.52 pp from 2023

Benchmarks

See 1,308 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort1,308 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.26M

Not enough data

1 years with asset history on file

Average account balance

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

$54K

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.

172

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.

28.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.25M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+12.82%

Not enough data

1 years with return on file

Admin fee / account holder

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

$410

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 2 by compensation

Provider	Service type	Compensation
PRIVATE ADVISOR GROUP LLC3 years Filed as: PRIVATE ADVISORY GROUP Service code 26 · EIN 46-4161984	Advisory (Participants)	$29,094
JOHN HANCOCK LIFE INSURANCE COMPANY4 years Filed as: JOHN HANCOCK Service code 15 · EIN 01-0233346	Recordkeeping	$925

Plan features & details

Pension benefit codes2E2G2J2T3D2F2K

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.
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.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$71K

$180 / participant

Recordkeeping$4K5.3%
Investment mgmt$35K49.4%
Contract admin$32K45.3%

% of EOY assets

0.762%

all-in expense ratio

Categories reported

3 / 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: KC, CPA'S
Auditor EIN: 454186798
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$53,852

$54,193-0.6%

$93,681-42.5%

$77,692-30.7%

Participation rate

28.5%

63.9%-35.4pp

68.7%-40.2pp

70.6%-42.1pp

Annual return

12.82%

30.54%-17.7pp

133.47%-120.7pp

31.25%-18.4pp

Employer contribution / active EE

$872

$1,168-25.4%

$2,422-64.0%

$2,726-68.0%

Participant deferral / active EE

$2,309

$3,144-26.6%

$4,415-47.7%

$4,648-50.3%

Admin fee / account holder

$410

$576-28.7%

$8,290-95.1%

$431-4.7%

Provider

Service type

Compensation

PRIVATE ADVISOR GROUP LLC3 years

Filed as: PRIVATE ADVISORY GROUP

Service code 26 · EIN 46-4161984

Advisory (Participants)

$29,094

JOHN HANCOCK LIFE INSURANCE COMPANY4 years

Filed as: JOHN HANCOCK

Service code 15 · EIN 01-0233346

Recordkeeping

$925

MURDOCK CHEVROLET 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MURDOCK CHEVROLET 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