Retirement plan

ROBERSON MOTORS, INC. 401(K) PROFIT SHARING PLAN

Name: ROBERSON MOTORS, INC. - ROBERSON MOTORS, INC. 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: ROBERSON MOTORS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ROBERSON MOTORS, INC. 401(K) PROFIT SHARING PLAN, ROBERSON MOTORS, INC.

ROBERSON MOTORS, INC.EIN 93-0502380Plan #001PY 2020

3100 RYAN DRIVE SE - SALEM, OR 97301503-363-4117LinkedIn11-50 employeesindividual & family services

Prospect flagsLow returnsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$6.2M

+12.4% from 2019

Total participants

115

+0.9% from 2019

Average account balance

$55,630

+14.4% from 2019

Annual return

9.85%

-9.33 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

$7.42M

Not enough data

1 years with asset history on file

Average account balance

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

$60K

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.

124

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.

95.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$483K

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

+15.74%

Not enough data

1 years with return on file

Admin fee / account holder

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

$326

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

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: GREAT-WEST LIFE & ANNUITY INS CO Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$20,566
JASON UNDERWOOD CPA, PLLC1 year Filed as: JASON HERBER Service code 27 388 STATE STREET · SALEM, OR 97301	Advisory (Plan)	$7,718
MIKE UYLAKI1 year Filed as: MIKE LONG Service code 27 388 STATE STREET · SALEM, OR 97306	Advisory (Plan)	$7,718
PROFESSIONAL BENEFIT SERVICES1 year Filed as: PROFESSIONAL BENEFIT SERVICES, INC Service code 13 1193 ROYVONNE AVE SE · SALEM, OR 97302	Contract Administrator	$6,080
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: ADVISED ASSETS GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$1,851

Plan features & details

Pension benefit codes2A2E2J2K2F2G3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.

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

$38K

$351 / participant

Other / not subdivided$38K100.0%

% of EOY assets

0.602%

all-in expense ratio

Categories reported

0 / 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: JARRARD, SEIBERT, POLLARD AND CO
Auditor EIN: 930623130
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$55,630

$54,573+1.9%

$90,970-38.8%

$73,497-24.3%

Participation rate

97.2%

61.2%+36.0pp

69.0%+28.2pp

70.7%+26.5pp

Annual return

9.85%

16.69%-6.8pp

134.60%-124.7pp

28.51%-18.7pp

Employer contribution / active EE

$1,495

$991+50.8%

$2,122-29.5%

$2,270-34.1%

Participant deferral / active EE

$3,183

$2,517+26.5%

$3,373-5.6%

$3,740-14.9%

Admin fee / account holder

$335

$521-35.7%

$5,961-94.4%

$513-34.7%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: GREAT-WEST LIFE & ANNUITY INS CO

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$20,566

JASON UNDERWOOD CPA, PLLC1 year

Filed as: JASON HERBER

Service code 27

388 STATE STREET · SALEM, OR 97301

Advisory (Plan)

$7,718

MIKE UYLAKI1 year

Filed as: MIKE LONG

Service code 27

388 STATE STREET · SALEM, OR 97306

Advisory (Plan)

$7,718

PROFESSIONAL BENEFIT SERVICES1 year

Filed as: PROFESSIONAL BENEFIT SERVICES, INC

Service code 13

1193 ROYVONNE AVE SE · SALEM, OR 97302

Contract Administrator

$6,080

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: ADVISED ASSETS GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$1,851

ROBERSON MOTORS, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ROBERSON MOTORS, INC. 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