Retirement plan

AMC 401(K) PLAN

Name: HALREC, INC. DBA STEVENS CREEK TOYOTA - AMC 401(K) PLAN (2024) Form 5500
Creator: HALREC, INC. DBA STEVENS CREEK TOYOTA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AMC 401(K) PLAN, HALREC, INC. DBA STEVENS CREEK TOYOTA

HALREC, INC. DBA STEVENS CREEK TOYOTAEIN 94-1441982Plan #001PY 2024

P.O. BOX 9099, 4490 STEVENS CREEK ROAD - SAN JOSE, CA 95129408-984-1234stevenscreektoyota.comLinkedIn201-500 employeesretail

Prospect flagsHigh feesLow participationFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$36.3M

+18.1% from 2023

Total participants

1,026

+4.4% from 2023

Average account balance

$55,456

+19.7% from 2023

Annual return

15.48%

-0.57 pp from 2023

Benchmarks

See 1,305 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort1,305 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$36.32M

Not enough data

1 years with asset history on file

Average account balance

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

$55K

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.

655

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.

54.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.92M

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

+15.48%

Not enough data

1 years with return on file

Admin fee / account holder

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

$327

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 3 by compensation

Provider	Service type	Compensation
JOHN HANCOCK LIFE INSURANCE COMPANY1 year Filed as: JOHN HANCOCK LIFE INSURANCE COMPAN Service code 15 · EIN 01-0233346 P.O. BOX 600 · S P.O. BOX, NY 14201	Recordkeeping	$77,682
PRIMARK BENEFITS1 year Filed as: PRIMARK Service code 13 · EIN 94-2320862 1810 GATEWAY DRIVE, STE 230 · SAN MATEO, CA 94404	Contract Administrator	$70,082
MIRACLE MILE ADVISORS LLC1 year Filed as: MIRACLE MILE ADVISORS, LLC Service code 26 · EIN 20-8196553 11300 W OLYMPIC BLVD · SAN FRANCISCO, CA 94123	Advisory (Participants)	$66,485

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D3H

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.
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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$214K

$261 / participant

Recordkeeping$70K32.7%
Investment mgmt$66K31.0%
Contract admin$78K36.3%

% of EOY assets

0.590%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SILICON VALLEY ACCOUNTANCY CORP
Auditor EIN: 770573994
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$55,456

$54,245+2.2%

$93,727-40.8%

$77,762-28.7%

Participation rate

54.9%

63.9%-9.1pp

68.7%-13.8pp

70.6%-15.7pp

Annual return

15.48%

30.58%-15.1pp

133.83%-118.4pp

31.27%-15.8pp

Employer contribution / active EE

$394

$1,168-66.3%

$2,421-83.7%

$2,728-85.6%

Participant deferral / active EE

$3,157

$3,144+0.4%

$4,417-28.5%

$4,651-32.1%

Admin fee / account holder

$327

$575-43.2%

$8,292-96.1%

$433-24.4%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY1 year

Filed as: JOHN HANCOCK LIFE INSURANCE COMPAN

Service code 15 · EIN 01-0233346

P.O. BOX 600 · S P.O. BOX, NY 14201

Recordkeeping

$77,682

PRIMARK BENEFITS1 year

Filed as: PRIMARK

Service code 13 · EIN 94-2320862

1810 GATEWAY DRIVE, STE 230 · SAN MATEO, CA 94404

Contract Administrator

$70,082

MIRACLE MILE ADVISORS LLC1 year

Filed as: MIRACLE MILE ADVISORS, LLC

Service code 26 · EIN 20-8196553

11300 W OLYMPIC BLVD · SAN FRANCISCO, CA 94123

Advisory (Participants)

$66,485

AMC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AMC 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