Retirement plan

AUTOMOTIVE RACING PRODUCTS, INC. PROFIT SHARING PLAN

Name: AUTOMOTIVE RACING PRODUCTS, INC. - AUTOMOTIVE RACING PRODUCTS, INC. PROFIT SHARING PLAN (2022) Form 5500
Creator: AUTOMOTIVE RACING PRODUCTS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AUTOMOTIVE RACING PRODUCTS, INC. PROFIT SHARING PLAN, AUTOMOTIVE RACING PRODUCTS, INC.

AUTOMOTIVE RACING PRODUCTS, INC.EIN 95-2989549Plan #001PY 2022

1863 EASTMAN AVENUE - VENTURA, CA 93003805-339-2200LinkedIn11-50 employeesmachinery

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$13.2M

-15.9% from 2021

Total participants

292

+3.5% from 2021

Average account balance

$45,252

-18.8% from 2021

Annual return

-18.95%

-29.79 pp from 2021

Benchmarks

See 4,067 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,067 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$18.54M

Not enough data

1 years with asset history on file

Average account balance

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

$74K

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.

85.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.00M

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

+12.29%

Not enough data

1 years with return on file

Admin fee / account holder

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

$260

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 1 by compensation

Provider	Service type	Compensation
JOHN HANCOCK LIFE INSURANCE COMPANY1 year Filed as: JOHN HANCOCK USA Service code 15 · EIN 01-0233346 PO BOX 600 · BUFFALO, NY 142010600	Recordkeeping	$500

Plan features & details

Pension benefit codes2A2E2G3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
2E
Profit-sharing
Profit-sharing plan.
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.
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

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$3K

$13 / participant

Contract admin$3K100.0%

% of EOY assets

0.023%

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: FARBER, HASS, HURLEY LLP
Auditor EIN: 204207759
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$45,252

$65,453-30.9%

$86,691-47.8%

$66,930-32.4%

Participation rate

100.0%

75.5%+24.5pp

76.6%+23.4pp

69.8%+30.2pp

Annual return

-18.95%

-10.89%-8.1pp

35.94%-54.9pp

1.57%-20.5pp

Employer contribution / active EE

$4,013

$2,154+86.3%

$2,837+41.5%

$2,545+57.7%

Participant deferral / active EE

$4,102-100.0%

$4,656-100.0%

$4,238-100.0%

Admin fee / account holder

$10

$642-98.4%

$7,492-99.9%

$593-98.3%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY1 year

Filed as: JOHN HANCOCK USA

Service code 15 · EIN 01-0233346

PO BOX 600 · BUFFALO, NY 142010600

Recordkeeping

$500

AUTOMOTIVE RACING PRODUCTS, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AUTOMOTIVE RACING PRODUCTS, INC. 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