Retirement plan

BUD CLARY AUTOMOTIVE GROUP 401(K) PLAN

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

BUD CLARY CHEVROLET, INC.EIN 91-0699054Plan #001PY 2024

P.O. BOX 127 - LONGVIEW, WA 98632360-423-1700budclarychevrolet.comLinkedIn1-10 employeesaccounting

Prospect flagsLow employer contribution

How to read this page

Total assets (EOY)

$16M

+17.5% from 2023

Total participants

686

+49.8% from 2023

Average account balance

$26,016

-21.7% from 2023

Annual return

13.39%

-7.39 pp from 2023

Benchmarks

See 1,307 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort1,307 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$16.00M

Not enough data

1 years with asset history on file

Average account balance

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

$26K

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.

615

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.

87.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.33M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+13.39%

Not enough data

1 years with return on file

Admin fee / account holder

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

$217

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 8 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$41,868
HUNNEX AND SHOEMAKER, INC.7 years Filed as: HUNNEX AND SHOEMAKER INC Service code 13 · EIN 91-1072394	Contract Administrator	$37,205
ANDERSON & ANDERSON ADVISORY LLC4 years Service code 27 · EIN 20-2047444	Advisory (Plan)	$37,053
GEFFEN MESHER8 years Service code 10 · EIN 93-1042710	Accounting	$17,500
HUNNEX AND SHOEMAKER, INC.2 years Filed as: HUNNEX & SHOEMAKER Service code 13	Contract Administrator	$7,411
NATIONAL AUTOMOBILE DEALERS ASSOCIA3 years Filed as: NATIONAL AUTOMOBILE DEALERS ASSOC Service code 99 8400 WESTPARK DR · MCLEAN, VA 22102	Other Fees	$5,666
CAPFINANCIAL PARTNERS LLC3 years Service code 99 4208 SIX FORKS RD STE 1700 · RALEIGH, NC 27609	Other Fees	$2,833
NORTHEAST RETIREMENT SERVICES, INC.3 years Filed as: NORTHEAST RETIREMENT SERVICES Service code 99 12 GILL ST STE 2600 · WOBURN, MA 01801	Other Fees	$1,771

Plan features & details

Pension benefit codes2F2G2J2K3D2S2T

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.
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.

Opportunity flags

1 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$134K

$228 / participant

Investment mgmt$113K84.7%
Contract admin$20K15.3%

% of EOY assets

0.835%

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: GEFFEN MESHER & CO., PC
Auditor EIN: 931042710
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$26,016

$54,213-52.0%

$93,696-72.2%

$77,736-66.5%

Participation rate

87.9%

64.0%+23.9pp

68.7%+19.2pp

70.6%+17.3pp

Annual return

13.39%

30.55%-17.2pp

133.74%-120.3pp

31.26%-17.9pp

Employer contribution / active EE

$280

$1,168-76.1%

$2,422-88.5%

$2,728-89.8%

Participant deferral / active EE

$3,693

$3,145+17.4%

$4,417-16.4%

$4,651-20.6%

Admin fee / account holder

$217

$575-62.2%

$8,287-97.4%

$433-49.9%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$41,868

HUNNEX AND SHOEMAKER, INC.7 years

Filed as: HUNNEX AND SHOEMAKER INC

Service code 13 · EIN 91-1072394

Contract Administrator

$37,205

ANDERSON & ANDERSON ADVISORY LLC4 years

Service code 27 · EIN 20-2047444

Advisory (Plan)

$37,053

GEFFEN MESHER8 years

Service code 10 · EIN 93-1042710

Accounting

$17,500

HUNNEX AND SHOEMAKER, INC.2 years

Filed as: HUNNEX & SHOEMAKER

Service code 13

Contract Administrator

$7,411

NATIONAL AUTOMOBILE DEALERS ASSOCIA3 years

Filed as: NATIONAL AUTOMOBILE DEALERS ASSOC

Service code 99

8400 WESTPARK DR · MCLEAN, VA 22102

Other Fees

$5,666

CAPFINANCIAL PARTNERS LLC3 years

Service code 99

4208 SIX FORKS RD STE 1700 · RALEIGH, NC 27609

Other Fees

$2,833

NORTHEAST RETIREMENT SERVICES, INC.3 years

Filed as: NORTHEAST RETIREMENT SERVICES

Service code 99

12 GILL ST STE 2600 · WOBURN, MA 01801

Other Fees

$1,771

BUD CLARY AUTOMOTIVE GROUP 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BUD CLARY AUTOMOTIVE GROUP 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