Retirement plan

MCCONKEY AUCTION GROUP 401(K) PROFIT SHARING PLAN

Name: GB AUCTIONS, INC. DBA DEALERS AUTO AUCTION - MCCONKEY AUCTION GROUP 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: GB AUCTIONS, INC. DBA DEALERS AUTO AUCTION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MCCONKEY AUCTION GROUP 401(K) PROFIT SHARING PLAN, GB AUCTIONS, INC. DBA DEALERS AUTO AUCTION

GB AUCTIONS, INC. DBA DEALERS AUTO AUCTIONEIN 91-1569642Plan #001PY 2023

2215 S HAYFORD ROAD - SPOKANE, WA 99224509-244-4500

Prospect flagsLow participationLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$21.4M

+20.5% from 2022

Total participants

392

+27.7% from 2022

Average account balance

$101,693

+33.7% from 2022

Annual return

23.01%

+41.42 pp from 2022

Benchmarks

See 1,359 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants250-999

Cohort1,359 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$24.43M

Not enough data

1 years with asset history on file

Average account balance

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

$115K

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.

213

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.

46.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.45M

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

+11.76%

Not enough data

1 years with return on file

Admin fee / account holder

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

$73

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 10 by compensation

Provider	Service type	Compensation
T ROWE PRICE RPS INC1 year Filed as: T. ROWE PRICE RPS, INC. Service code 15 · EIN 52-1309931	Recordkeeping	$9,842
AB FUNDS1 year Filed as: AB LARGE CAP GROWTH Z Service code 15 711 HIGH STREET · DES MOINES, IA 503920001	Recordkeeping	$0
AMERICAN FUNDS1 year Service code 28	Investment Management	$0
AMERICAN FUNDS1 year Filed as: AMERICAN FUNDS EUROPAC GRW R6 Service code 15 · EIN 95-1411037	Recordkeeping	$0
DODGE & COX1 year Filed as: DODGE & COX STOCK X Service code 15 · EIN 94-1441976	Recordkeeping	$0
FIDELITY INVESTMENTS INSTITUTIONAL1 year Filed as: FIDELITY 500 INDEX FUND Service code 15 · EIN 04-2647786	Recordkeeping	$0
HARBOR1 year Filed as: HARBOR SMALL CAP GROWTH INSTL Service code 15 · EIN 04-2679462	Recordkeeping	$0
MORGAN STANLEY SMITH BARNEY1 year Filed as: JP MORGAN CORE BOND R6 Service code 15 · EIN 13-2624428	Recordkeeping	$0
MORGAN STANLEY SMITH BARNEY1 year Filed as: JP MORGAN FUNDS Service code 28	Investment Management	$0
T ROWE PRICE RPS INC1 year Filed as: T ROWE PRICE RPS, INC Service code 15	Recordkeeping	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
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

$36K

$118 / participant

Other / not subdivided$36K100.0%

% of EOY assets

0.168%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SCHOEDEL & SCHOEDEL CPAS, PPLC
Auditor EIN: 910614823
Audit fees: $35,967
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$101,693

$91,394+11.3%

$130,026-21.8%

$74,440+36.6%

Participation rate

40.1%

77.8%-37.6pp

78.5%-38.4pp

70.7%-30.6pp

Annual return

23.01%

23.20%-0.2pp

-137.26%+160.3pp

34.37%-11.4pp

Employer contribution / active EE

$1,497

$2,565-41.6%

$4,321-65.4%

$2,638-43.3%

Participant deferral / active EE

$2,507

$4,721-46.9%

$5,821-56.9%

$4,529-44.6%

Admin fee / account holder

$171

$284-39.6%

$10,608-98.4%

$348-50.8%

Provider

Service type

Compensation

T ROWE PRICE RPS INC1 year

Filed as: T. ROWE PRICE RPS, INC.

Service code 15 · EIN 52-1309931

Recordkeeping

$9,842

AB FUNDS1 year

Filed as: AB LARGE CAP GROWTH Z

Service code 15

711 HIGH STREET · DES MOINES, IA 503920001

Recordkeeping

AMERICAN FUNDS1 year

Service code 28

Investment Management

AMERICAN FUNDS1 year

Filed as: AMERICAN FUNDS EUROPAC GRW R6

Service code 15 · EIN 95-1411037

Recordkeeping

DODGE & COX1 year

Filed as: DODGE & COX STOCK X

Service code 15 · EIN 94-1441976

Recordkeeping

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Filed as: FIDELITY 500 INDEX FUND

Service code 15 · EIN 04-2647786

Recordkeeping

HARBOR1 year

Filed as: HARBOR SMALL CAP GROWTH INSTL

Service code 15 · EIN 04-2679462

Recordkeeping

MORGAN STANLEY SMITH BARNEY1 year

Filed as: JP MORGAN CORE BOND R6

Service code 15 · EIN 13-2624428

Recordkeeping

MORGAN STANLEY SMITH BARNEY1 year

Filed as: JP MORGAN FUNDS

Service code 28

Investment Management

T ROWE PRICE RPS INC1 year

Filed as: T ROWE PRICE RPS, INC

Service code 15

Recordkeeping

MCCONKEY AUCTION GROUP 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MCCONKEY AUCTION GROUP 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