Retirement plan

PAUL SNIDER ENTERPRISES PROFIT SHARING PLAN AND TRUST

Name: SNIDER MOTORS INC - PAUL SNIDER ENTERPRISES PROFIT SHARING PLAN AND TRUST (2022) Form 5500
Creator: SNIDER MOTORS INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PAUL SNIDER ENTERPRISES PROFIT SHARING PLAN AND TRUST, SNIDER MOTORS INC

SNIDER MOTORS INCEIN 94-1728922Plan #002PY 2022

701 E CANAL DR - TURLOCK, CA 95380916-405-8000

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$13.6M

No prior year

Total participants

374

No prior year

Average account balance

$46,882

No prior year

Annual return

-12.25%

No prior year

Benchmarks

See 278 peers

Peer group

Industry55 - Management of Companies and Enterprises

Plan typeDefined contribution

Participants100-249

Cohort278 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$14.96M

Not enough data

1 years with asset history on file

Average account balance

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

$59K

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.

252

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.

64.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.28M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+16.36%

Not enough data

1 years with return on file

Admin fee / account holder

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

$324

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
BERGER ASSET MANAGEMENT INC1+ years Service code 21 · EIN 77-0408038 701 E CANAL DR · TURLOCK, CA 95380	Bank Trustee	$123,051
R BERGER AND ASSOCIATES1+ years Filed as: R BERGER AND ASSOCIATES, INC. Service code 13 701 E CANAL DR · TURLOCK, CA 95380	Contract Administrator	$21,479
PRIEST AMISTADI1+ years Filed as: PRIEST AMISTADI CPA'S Service code 10 · EIN 94-2507389 1021 14TH STREET · MODESTO, CA 95354	Accounting	$14,000

Plan features & details

Pension benefit codes2E2H2J2K3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
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

2 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.)

Expense breakdown

Schedule H Part II

Admin total

$159K

$779 / participant

Investment mgmt$123K77.4%
Other / not subdivided$36K22.6%

% of EOY assets

1.165%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PRIEST AMISTADI CPA'S
Auditor EIN: 942507389
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$46,882

$69,848-32.9%

$115,756-59.5%

$66,949-30.0%

Participation rate

59.3%

70.6%-11.3pp

77.1%-17.8pp

69.8%-10.5pp

Annual return

-12.25%

969.66%-981.9pp

143.14%-155.4pp

1.57%-13.8pp

Employer contribution / active EE

$3,969

$2,613+51.9%

$3,793+4.7%

$2,545+55.9%

Participant deferral / active EE

$2,120

$4,274-50.4%

$6,254-66.1%

$4,239-50.0%

Admin fee / account holder

$546

$337+62.0%

$8,124-93.3%

$594-8.0%

Provider

Service type

Compensation

BERGER ASSET MANAGEMENT INC1+ years

Service code 21 · EIN 77-0408038

701 E CANAL DR · TURLOCK, CA 95380

Bank Trustee

$123,051

R BERGER AND ASSOCIATES1+ years

Filed as: R BERGER AND ASSOCIATES, INC.

Service code 13

701 E CANAL DR · TURLOCK, CA 95380

Contract Administrator

$21,479

PRIEST AMISTADI1+ years

Filed as: PRIEST AMISTADI CPA'S

Service code 10 · EIN 94-2507389

1021 14TH STREET · MODESTO, CA 95354

Accounting

$14,000

PAUL SNIDER ENTERPRISES PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PAUL SNIDER ENTERPRISES PROFIT SHARING PLAN AND TRUST

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