Retirement plan

ALAN WEBB AUTO GROUP 401(K) PLAN

Name: REX MOTORS, INC. DBA ALAN WEBB AUTO GROUP - ALAN WEBB AUTO GROUP 401(K) PLAN (2022) Form 5500
Creator: REX MOTORS, INC. DBA ALAN WEBB AUTO GROUP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ALAN WEBB AUTO GROUP 401(K) PLAN, REX MOTORS, INC. DBA ALAN WEBB AUTO GROUP

REX MOTORS, INC. DBA ALAN WEBB AUTO GROUPEIN 95-2629319Plan #001PY 2022

3608 NE AUTO MALL DR - VANCOUVER, WA 98662360-574-1131

Prospect flagsHigh feesLow participationLow fidelity bondCorrective distributions

How to read this page

Total assets (EOY)

$2.1M

-4.6% from 2021

Total participants

100

+9.9% from 2021

Average account balance

$37,476

-45.5% from 2021

Annual return

-13.23%

-31.90 pp from 2021

Benchmarks

See 9,444 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort9,444 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.19M

Not enough data

1 years with asset history on file

Average account balance

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

$47K

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.

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.

61.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$295K

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

+11.00%

Not enough data

1 years with return on file

Admin fee / account holder

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

$15512

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

0 years with F_SCH_H allocation on file

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

Service providers

Top 7 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$15,744
LPL FINANCIAL4 years Filed as: LPL FINANCIAL LLC Service code 55 PO BOX 509026 · SAN DIEGO, CA 921509026	Other Commissions	$8,202
NATIONAL AUTOMOBILE DEALERS ASSOCIA1 year Service code 99 8400 WESTPARK DR · MCLEAN, VA 22102	Other Fees	$2,490
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$953
ROGERS CLEM AND COMPANY2 years Service code 10 1067 PARK VIEW DR · COVINA, CA 91724	Accounting	$940
CAPFINANCIAL PARTNERS LLC1 year Filed as: CAPFINANCIAL PARTNERS LLC DBA CAPTR Service code 99 4208 SIX FORKS RD STE 1700 · RALEIGH, NC 27609	Other Fees	$415
NORTHEAST RETIREMENT SERVICES, INC.2 years Service code 99 12 GILL ST STE 2600 · WOBURN, MA 01801	Other Fees	$259

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$18K

$200 / participant

Contract admin$18K100.0%

% of EOY assets

0.840%

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: ROGERS, CLEM INC.
Auditor EIN: 952694521
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$37,476

$59,819-37.4%

$79,583-52.9%

$68,490-45.3%

Participation rate

50.0%

61.1%-11.1pp

69.5%-19.5pp

67.9%-17.9pp

Annual return

-13.23%

-12.30%-0.9pp

0.16%-13.4pp

-7.85%-5.4pp

Employer contribution / active EE

$469

$1,505-68.9%

$2,414-80.6%

$2,597-82.0%

Participant deferral / active EE

$3,014

$3,025-0.4%

$3,986-24.4%

$4,028-25.2%

Admin fee / account holder

$315

$4,835-93.5%

$6,835-95.4%

$5,403-94.2%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY O

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$15,744

LPL FINANCIAL4 years

Filed as: LPL FINANCIAL LLC

Service code 55

PO BOX 509026 · SAN DIEGO, CA 921509026

Other Commissions

$8,202

NATIONAL AUTOMOBILE DEALERS ASSOCIA1 year

Service code 99

8400 WESTPARK DR · MCLEAN, VA 22102

Other Fees

$2,490

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$953

ROGERS CLEM AND COMPANY2 years

Service code 10

1067 PARK VIEW DR · COVINA, CA 91724

Accounting

$940

CAPFINANCIAL PARTNERS LLC1 year

Filed as: CAPFINANCIAL PARTNERS LLC DBA CAPTR

Service code 99

4208 SIX FORKS RD STE 1700 · RALEIGH, NC 27609

Other Fees

$415

NORTHEAST RETIREMENT SERVICES, INC.2 years

Service code 99

12 GILL ST STE 2600 · WOBURN, MA 01801

Other Fees

$259

ALAN WEBB AUTO GROUP 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ALAN WEBB AUTO 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