Retirement plan

TOYOTA OF VANCOUVER 401(K) PROFIT SHARING PLAN

Name: MCCORD'S VANCOUVER AUTO CENTER, INC. - TOYOTA OF VANCOUVER 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: MCCORD'S VANCOUVER AUTO CENTER, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TOYOTA OF VANCOUVER 401(K) PROFIT SHARING PLAN, MCCORD'S VANCOUVER AUTO CENTER, INC.

MCCORD'S VANCOUVER AUTO CENTER, INC.EIN 91-1180183Plan #002PY 2024

10455 NE 53RD STREET - VANCOUVER, WA 98662360-253-4440LinkedIn51-200 employeesretail

Prospect flagsLow returnsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$9.5M

+18.3% from 2023

Total participants

246

+8.8% from 2023

Average account balance

$46,463

+5.0% from 2023

Annual return

10.07%

-3.32 pp from 2023

Benchmarks

See 2,318 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,318 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.52M

Not enough data

1 years with asset history on file

Average account balance

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

$46K

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.

205

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.

80.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.12M

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

+10.07%

Not enough data

1 years with return on file

Admin fee / account holder

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

$428

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
PROACCOUNT1 year Service code 26 · EIN 73-0988442	Advisory (Participants)	$33,626
CONCURRENT INVESTMENT ADVISORS LLC2 years Filed as: CONCURRENT INVESTMENT ADVISORS Service code 22 · EIN 92-1819393	Insurance Broker	$31,651
NATIONWIDE10+ years Service code 15 · EIN 31-1592130	Recordkeeping	$21,283
PENSION PLAN SPECIALISTS, PC2 years Service code 13 · EIN 26-1570786	Contract Administrator	$1,200

Plan features & details

Pension benefit codes2E2F2G2J3D2T2K2S

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.

Opportunity flags

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$88K

$428 / participant

Investment mgmt$65K74.4%
Contract admin$21K24.3%
Other / not subdivided$1K1.4%

% of EOY assets

0.921%

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: WORTHY & COMPANY, LLC
Auditor EIN: 208092242
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$46,463

$59,402-21.8%

$93,654-50.4%

$74,546-37.7%

Participation rate

80.0%

59.7%+20.3pp

68.7%+11.3pp

67.2%+12.8pp

Annual return

10.07%

81.86%-71.8pp

133.34%-123.3pp

1366.03%-1356.0pp

Employer contribution / active EE

$1,502

$1,265+18.7%

$2,421-38.0%

$2,624-42.8%

Participant deferral / active EE

$3,963

$3,049+30.0%

$4,413-10.2%

$4,347-8.8%

Admin fee / account holder

$428

$3,023-85.8%

$8,282-94.8%

$1,944-78.0%

Provider

Service type

Compensation

PROACCOUNT1 year

Service code 26 · EIN 73-0988442

Advisory (Participants)

$33,626

CONCURRENT INVESTMENT ADVISORS LLC2 years

Filed as: CONCURRENT INVESTMENT ADVISORS

Service code 22 · EIN 92-1819393

Insurance Broker

$31,651

NATIONWIDE10+ years

Service code 15 · EIN 31-1592130

Recordkeeping

$21,283

PENSION PLAN SPECIALISTS, PC2 years

Service code 13 · EIN 26-1570786

Contract Administrator

$1,200

TOYOTA OF VANCOUVER 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TOYOTA OF VANCOUVER 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