Retirement plan

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

Name: GALPIN MOTORS, INC. - GALPIN MOTORS, INC. 401(K) PROFIT SHARING PLAN (2015) Form 5500
Creator: GALPIN MOTORS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GALPIN MOTORS, INC. 401(K) PROFIT SHARING PLAN, GALPIN MOTORS, INC.

GALPIN MOTORS, INC.EIN 95-1472486Plan #001PY 2015

15505 ROSCOE BLVD. - NORTH HILLS, CA 913436503818-778-2976galpin.comLinkedIn1001-5000 employeesautomotive

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$46.4M

No prior year

Total participants

1,652

No prior year

Average account balance

$28,079

No prior year

Annual return

0.36%

No prior year

Benchmarks

See 302 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants1,000-4,999

Cohort302 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$87.35M

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.

1,447

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.

96.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$7.59M

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

+9.07%

Not enough data

1 years with return on file

Admin fee / account holder

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

$120

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 5 by compensation

Provider	Service type	Compensation
INDEPENDENT FINANCIAL PARTNERS1+ years Filed as: INDEPENDENT FINANACIAL PARTNERS FBO Service code 27 · EIN 59-3331424	Advisory (Plan)	$24,907
PENSIONMARK FINANCIAL GROUP LLC1+ years Service code 27 · EIN 61-1758632	Advisory (Plan)	$18,368
ROSEN & COMPANY, CERTIFIED PUBLIC A1+ years Service code 10 · EIN 95-4774890	Accounting	$11,500
PRUDENTIAL RETIREMENT INSURANCE AND1+ years Service code 15 · EIN 06-1050034	Recordkeeping	$7,276
PRUDENTIAL RETIREMENT INSURANCE AND1+ years Filed as: PRUDENTIAL INVESTMENT MANAGEMENT SE Service code 71 · EIN 13-4122960	Brokerage Fees	$5,507

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T2S3D

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.

Opportunity flags

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$64K

$48 / participant

Other / not subdivided$64K100.0%

% of EOY assets

0.138%

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: ROSEN & COMPANY CPAS INC
Auditor EIN: 954774890
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$28,079

$31,810-11.7%

$64,105-56.2%

$59,188-52.6%

Participation rate

99.9%

57.7%+42.2pp

68.2%+31.8pp

69.4%+30.5pp

Annual return

0.36%

9.41%-9.0pp

791.24%-790.9pp

5.51%-5.2pp

Employer contribution / active EE

$417

$659-36.7%

$1,820-77.1%

$2,098-80.1%

Participant deferral / active EE

$2,767

$1,582+74.9%

$2,822-1.9%

$3,265-15.2%

Admin fee / account holder

$39

$57-31.9%

$4,499-99.1%

$92-58.0%

Provider

Service type

Compensation

INDEPENDENT FINANCIAL PARTNERS1+ years

Filed as: INDEPENDENT FINANACIAL PARTNERS FBO

Service code 27 · EIN 59-3331424

Advisory (Plan)

$24,907

PENSIONMARK FINANCIAL GROUP LLC1+ years

Service code 27 · EIN 61-1758632

Advisory (Plan)

$18,368

ROSEN & COMPANY, CERTIFIED PUBLIC A1+ years

Service code 10 · EIN 95-4774890

Accounting

$11,500

PRUDENTIAL RETIREMENT INSURANCE AND1+ years

Service code 15 · EIN 06-1050034

Recordkeeping

$7,276

PRUDENTIAL RETIREMENT INSURANCE AND1+ years

Filed as: PRUDENTIAL INVESTMENT MANAGEMENT SE

Service code 71 · EIN 13-4122960

Brokerage Fees

$5,507

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

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GALPIN 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