Retirement plan

PACIFIC AUTOMOTIVE GROUP 401(K) PLAN

Name: PACIFIC AUTOMOTIVE GROUP, LLC - PACIFIC AUTOMOTIVE GROUP 401(K) PLAN (2023) Form 5500
Creator: PACIFIC AUTOMOTIVE GROUP, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PACIFIC AUTOMOTIVE GROUP 401(K) PLAN, PACIFIC AUTOMOTIVE GROUP, LLC

PACIFIC AUTOMOTIVE GROUP, LLCEIN 94-3354874Plan #001PY 2023

C/O CITY TOYOTA, 255 SAN PEDRO ROAD - DALY CITY, CA 94014650-755-5500

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$10.2M

+22.0% from 2022

Total participants

186

-0.5% from 2022

Average account balance

$70,830

+7.6% from 2022

Annual return

22.10%

+43.43 pp from 2022

Benchmarks

See 2,285 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,285 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.56M

Not enough data

1 years with asset history on file

Average account balance

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

$65K

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.

146

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.

61.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$669K

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

+15.14%

Not enough data

1 years with return on file

Admin fee / account holder

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

$18

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 2 by compensation

Provider	Service type	Compensation
AMERICAN FUNDS7 years Service code 12 · EIN 95-6817943 P.O. BOX 6040 · INDIANAPOLIS, IN 462066040	Recordkeeping and information managem...	$2,200
FLYNN, SHOJINAGA & ASSOCIATES, INC.7 years Service code 13 · EIN 68-0005489 1320 HARBOR BAY PARKWAY · ALAMEDA, CA 94502	Contract Administrator	$1,571

Plan features & details

Pension benefit codes2E2F2J2K2G3B3D3H

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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$4K

$32 / participant

Recordkeeping$2K58.3%
Contract admin$2K41.7%

% of EOY assets

0.037%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: JOHNSON, GREMAUX & ROSSI, LLP
Auditor EIN: 942234450
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$70,830

$54,717+29.4%

$86,209-17.8%

$71,495-0.9%

Participation rate

64.1%

60.1%+4.0pp

69.0%-4.9pp

67.9%-3.8pp

Annual return

22.10%

20.07%+2.0pp

1169.05%-1147.0pp

28.85%-6.8pp

Employer contribution / active EE

$614

$1,267-51.6%

$2,381-74.2%

$2,589-76.3%

Participant deferral / active EE

$5,441

$3,110+74.9%

$3,986+36.5%

$4,291+26.8%

Admin fee / account holder

$26

$1,922-98.6%

$6,853-99.6%

$1,588-98.4%

Provider

Service type

Compensation

AMERICAN FUNDS7 years

Service code 12 · EIN 95-6817943

P.O. BOX 6040 · INDIANAPOLIS, IN 462066040

Recordkeeping and information managem...

$2,200

FLYNN, SHOJINAGA & ASSOCIATES, INC.7 years

Service code 13 · EIN 68-0005489

1320 HARBOR BAY PARKWAY · ALAMEDA, CA 94502

Contract Administrator

$1,571

PACIFIC AUTOMOTIVE GROUP 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PACIFIC AUTOMOTIVE GROUP 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