Retirement plan

FAIRWAY CHEVROLET CO. 401(K) RETIREMENT PLAN

Name: FAIRWAY CHEVROLET CO. - FAIRWAY CHEVROLET CO. 401(K) RETIREMENT PLAN (2020) Form 5500
Creator: FAIRWAY CHEVROLET CO.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FAIRWAY CHEVROLET CO. 401(K) RETIREMENT PLAN, FAIRWAY CHEVROLET CO.

FAIRWAY CHEVROLET CO.EIN 88-0109211Plan #001PY 2020

3100 E. SAHARA AVENUE - LAS VEGAS, NV 89104702-641-1400fairwaychevy.comLinkedIn51-200 employeesautomotive

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$18.6M

+13.3% from 2019

Total participants

303

+3.8% from 2019

Average account balance

$66,068

+8.9% from 2019

Annual return

9.58%

-8.10 pp from 2019

Benchmarks

See 2,198 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,198 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$25.70M

Not enough data

1 years with asset history on file

Average account balance

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

$96K

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.

268

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.

91.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.89M

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

+8.35%

Not enough data

1 years with return on file

Admin fee / account holder

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

$291

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 Filed as: ADVISED ASSETS GROUP Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$49,186
WELLS FARGO BANK, N.A.6+ years Filed as: WELLS FARGO ADVISORS LLC Service code 55 401 S TRYON STREET · CHARLOTTE, NC 28081	Other Commissions	$35,172
LEBENSON ACTUARIAL SERVICES6+ years Filed as: LEBENSON ACTUARIAL SERVICES INC Service code 13 8485 WEST SUNSET RD UNIT 200 · LAS VEGAS, NV 89113	Contract Administrator	$10,000
GREAT-WEST LIFE & ANNUITY INSURANCE6+ years Filed as: GREAT-WEST LIFE & ANNUITY INS CO Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$1,588

Plan features & details

Pension benefit codes2E2F2G2J2K3D3H

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.
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

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$52K

$212 / participant

Investment mgmt$51K98.1%
Other / not subdivided$1K1.9%

% of EOY assets

0.278%

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: DONALD M. KRETSCHMAR CPA, PLLC
Auditor EIN: 273683067
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$66,068

$54,573+21.1%

$90,970-27.4%

$73,497-10.1%

Participation rate

91.4%

61.2%+30.2pp

69.0%+22.4pp

70.7%+20.7pp

Annual return

9.58%

16.69%-7.1pp

134.60%-125.0pp

28.51%-18.9pp

Employer contribution / active EE

$1,341

$991+35.2%

$2,122-36.8%

$2,270-40.9%

Participant deferral / active EE

$4,342

$2,517+72.5%

$3,373+28.7%

$3,740+16.1%

Admin fee / account holder

$184

$521-64.8%

$5,961-96.9%

$513-64.2%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: ADVISED ASSETS GROUP

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$49,186

WELLS FARGO BANK, N.A.6+ years

Filed as: WELLS FARGO ADVISORS LLC

Service code 55

401 S TRYON STREET · CHARLOTTE, NC 28081

Other Commissions

$35,172

LEBENSON ACTUARIAL SERVICES6+ years

Filed as: LEBENSON ACTUARIAL SERVICES INC

Service code 13

8485 WEST SUNSET RD UNIT 200 · LAS VEGAS, NV 89113

Contract Administrator

$10,000

GREAT-WEST LIFE & ANNUITY INSURANCE6+ years

Filed as: GREAT-WEST LIFE & ANNUITY INS CO

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$1,588

FAIRWAY CHEVROLET CO. 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FAIRWAY CHEVROLET CO. 401(K) RETIREMENT 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