Retirement plan

CAR SOUND EXHAUST SYSTEM, INC. 401(K) PROFIT SHARI

Name: CAR SOUND EXHAUST SYSTEM, INC. - CAR SOUND EXHAUST SYSTEM, INC. 401(K) PROFIT SHARI (2018) Form 5500
Creator: CAR SOUND EXHAUST SYSTEM, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CAR SOUND EXHAUST SYSTEM, INC. 401(K) PROFIT SHARI, CAR SOUND EXHAUST SYSTEM, INC.

CAR SOUND EXHAUST SYSTEM, INC.EIN 95-3632494Plan #003PY 2018

1901 CORPORATE CENTRE DR. - OCEANSIDE, CA 92056949-858-5900car-sound.comLinkedIn201-500 employeesautomotive

Prospect flagsLow returnsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$21.7M

-6.5% from 2017

Total participants

471

+6.6% from 2017

Average account balance

$54,272

-19.1% from 2017

Annual return

-8.88%

-49.71 pp from 2017

Benchmarks

See 2,409 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,409 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$39.62M

Not enough data

1 years with asset history on file

Average account balance

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

$81K

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.

487

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.

94.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.88M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+13.76%

Not enough data

1 years with return on file

Admin fee / account holder

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

$316

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

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Service providers

Top 10 of 13 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.2 years Service code 49 · EIN 04-1590850	Other Services	$89,405
SAGEVIEW ADVISORY GROUP, LLC1 year Service code 64 · EIN 33-0818667	Recordkeeping Fees	$40,000
CHARLES SCHWAB & CO., INC.3 years Service code 59 · EIN 94-1737782	Shareholder Servicing	$113
AMERICAN CENTURY2 years Service code 52 · EIN 43-1646043	Indirect Investment Fees	$0
AMERICAN FUNDS2 years Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
BAIRD FUNDS2 years Service code 52 · EIN 39-6037917	Indirect Investment Fees	$0
FRANKLIN TEMPLETON1 year Service code 52 · EIN 13-2573775	Indirect Investment Fees	$0
MFS INVESTMENT MANAGEMENT2 years Service code 52 · EIN 04-3158862	Indirect Investment Fees	$0
NATIXIS FUNDS2 years Service code 52 · EIN 52-2257782	Indirect Investment Fees	$0
PRINCIPAL INVESTORS2 years Service code 52 · EIN 26-6447574	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2J2F2G2K2R3D2S2T

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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$131K

$328 / participant

Investment mgmt$73K55.8%
Contract admin$13K9.8%
Other / not subdivided$45K34.4%

% of EOY assets

0.606%

all-in expense ratio

Categories reported

2 / 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: WEWORSKI AND ASSOCIATES
Auditor EIN: 330516783
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$54,272

$65,118-16.7%

$76,767-29.3%

$55,725-2.6%

Participation rate

82.3%

79.6%+2.7pp

77.0%+5.3pp

70.9%+11.4pp

Annual return

-8.88%

-1.27%-7.6pp

2.43%-11.3pp

244.93%-253.8pp

Employer contribution / active EE

$2,429

$1,941+25.1%

$2,485-2.3%

$2,078+16.9%

Participant deferral / active EE

$3,239

$3,688-12.2%

$3,852-15.9%

$3,356-3.5%

Admin fee / account holder

$329

$116+183.6%

$6,675-95.1%

$115+185.3%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.2 years

Service code 49 · EIN 04-1590850

Other Services

$89,405

SAGEVIEW ADVISORY GROUP, LLC1 year

Service code 64 · EIN 33-0818667

Recordkeeping Fees

$40,000

CHARLES SCHWAB & CO., INC.3 years

Service code 59 · EIN 94-1737782

Shareholder Servicing

$113

AMERICAN CENTURY2 years

Service code 52 · EIN 43-1646043

Indirect Investment Fees

AMERICAN FUNDS2 years

Service code 52 · EIN 95-1411037

Indirect Investment Fees

BAIRD FUNDS2 years

Service code 52 · EIN 39-6037917

Indirect Investment Fees

FRANKLIN TEMPLETON1 year

Service code 52 · EIN 13-2573775

Indirect Investment Fees

MFS INVESTMENT MANAGEMENT2 years

Service code 52 · EIN 04-3158862

Indirect Investment Fees

NATIXIS FUNDS2 years

Service code 52 · EIN 52-2257782

Indirect Investment Fees

PRINCIPAL INVESTORS2 years

Service code 52 · EIN 26-6447574

Indirect Investment Fees

CAR SOUND EXHAUST SYSTEM, INC. 401(K) PROFIT SHARI

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CAR SOUND EXHAUST SYSTEM, INC. 401(K) PROFIT SHARI

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