Retirement plan

EUROPEAN MOTORS, LTD. 401(K) PROFIT SHARING PLAN

Name: EUROMOTORS, INC. D/B/A MERCEDES BENZ OF SAN FRANCISCO - EUROPEAN MOTORS, LTD. 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: EUROMOTORS, INC. D/B/A MERCEDES BENZ OF SAN FRANCISCO
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EUROPEAN MOTORS, LTD. 401(K) PROFIT SHARING PLAN, EUROMOTORS, INC. D/B/A MERCEDES BENZ OF SAN FRANCISCO

EUROMOTORS, INC. D/B/A MERCEDES BENZ OF SAN FRANCISCOEIN 94-1565174Plan #003PY 2020

500 8TH STREET - SAN FRANCISCO, CA 94103415-673-2000LinkedIn201-500 employeesretail

Prospect flagsHigh feesLow employer contributionFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$25.8M

+6.5% from 2019

Total participants

443

-14.1% from 2019

Average account balance

$67,061

+16.8% from 2019

Annual return

16.49%

-5.54 pp from 2019

Benchmarks

See 1,285 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort1,285 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$25.14M

Not enough data

1 years with asset history on file

Average account balance

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

$70K

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.

357

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.

83.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.51M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+16.21%

Not enough data

1 years with return on file

Admin fee / account holder

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

$207

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
RAYMOND JAMES FINANCIAL SERVICES3 years Filed as: RAYMOND JAMES Service code 27 880 CARILLON PARKWAY · ST PETERSBURG, FL 33716	Advisory (Plan)	$53,905
GREAT-WEST LIFE & ANNUITY INSURANCE6+ years Service code 15 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping	$46,652
EUROMOTORS INC DBA MERCEDES BENZ OF1 year Service code 99 500 8TH ST · SAN FRANCISCO, CA 94103	Other Fees	$16,520

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3B3D3H

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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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 employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
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

$117K

$384 / participant

Investment mgmt$54K46.0%
Contract admin$47K39.8%
Other / not subdivided$17K14.1%

% of EOY assets

0.455%

all-in expense ratio

Categories reported

2 / 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: POMARES & COMPANY
Auditor EIN: 941538492
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$67,061

$64,286+4.3%

$90,970-26.3%

$73,412-8.7%

Participation rate

80.7%

63.6%+17.1pp

69.0%+11.6pp

72.2%+8.5pp

Annual return

16.49%

21.46%-5.0pp

134.60%-118.1pp

59.30%-42.8pp

Employer contribution / active EE

$895-100.0%

$2,122-100.0%

$2,234-100.0%

Participant deferral / active EE

$4,463

$2,453+81.9%

$3,373+32.3%

$3,806+17.3%

Admin fee / account holder

$305

$287+6.2%

$5,961-94.9%

$158+93.1%

Provider

Service type

Compensation

RAYMOND JAMES FINANCIAL SERVICES3 years

Filed as: RAYMOND JAMES

Service code 27

880 CARILLON PARKWAY · ST PETERSBURG, FL 33716

Advisory (Plan)

$53,905

GREAT-WEST LIFE & ANNUITY INSURANCE6+ years

Service code 15

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping

$46,652

EUROMOTORS INC DBA MERCEDES BENZ OF1 year

Service code 99

500 8TH ST · SAN FRANCISCO, CA 94103

Other Fees

$16,520

EUROPEAN MOTORS, LTD. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EUROPEAN MOTORS, LTD. 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