Retirement plan

NEW CENTURY BMW, INC. 401(K) PLAN

Name: NEW CENTURY ALHAMBRA AUTOMOBILES INC.DBA NEW CENTURY BMW - NEW CENTURY BMW, INC. 401(K) PLAN (2024) Form 5500
Creator: NEW CENTURY ALHAMBRA AUTOMOBILES INC.DBA NEW CENTURY BMW
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NEW CENTURY BMW, INC. 401(K) PLAN, NEW CENTURY ALHAMBRA AUTOMOBILES INC.DBA NEW CENTURY BMW

NEW CENTURY ALHAMBRA AUTOMOBILES INC.DBA NEW CENTURY BMWEIN 95-4349522Plan #001PY 2024

1139 W. MAIN STREET - ALHAMBRA, CA 91801626-570-8444

Prospect flagsLow participationRecently reached 100 employeesCorrective distributions

How to read this page

Total assets (EOY)

$15.7M

+21.5% from 2023

Total participants

462

+4.8% from 2023

Average account balance

$83,694

-98.1% from 2023

Annual return

15.18%

-2.87 pp from 2023

Benchmarks

See 1,307 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort1,307 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$15.65M

Not enough data

1 years with asset history on file

Average account balance

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

$84K

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.

187

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.

27.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$976K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+15.18%

Not enough data

1 years with return on file

Admin fee / account holder

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

$263

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
ASCENSUS LLC4 years Filed as: FUTUREPLAN BY ASCENSUS Service code 12 · EIN 82-3719843 200 DRYDEN RAOD · DRESHER, PA 19025	Consulting (pension); Participant loa...	$25,771
JOHN HANCOCK LIFE INSURANCE COMPANY10+ years Service code 15 · EIN 01-0233346 P.O. BOX 600 · BUFFALO, NY 92653	Recordkeeping	$646

Plan features & details

Pension benefit codes2E2F2G2J2K3H2T3D2X

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

3 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).
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$49K

$130 / participant

Investment mgmt$3K5.8%
Contract admin$21K41.8%
Other / not subdivided$26K52.5%

% of EOY assets

0.314%

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: BERLINER & COMPANY, AN ACCT CORP
Auditor EIN: 953051519
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$83,694

$54,213+54.4%

$93,696-10.7%

$77,736+7.7%

Participation rate

27.2%

64.0%-36.7pp

68.7%-41.5pp

70.6%-43.3pp

Annual return

15.18%

30.55%-15.4pp

133.74%-118.6pp

31.26%-16.1pp

Employer contribution / active EE

$301

$1,168-74.2%

$2,422-87.6%

$2,728-89.0%

Participant deferral / active EE

$2,282

$3,145-27.4%

$4,417-48.3%

$4,651-50.9%

Admin fee / account holder

$263

$575-54.3%

$8,287-96.8%

$433-39.4%

Provider

Service type

Compensation

ASCENSUS LLC4 years

Filed as: FUTUREPLAN BY ASCENSUS

Service code 12 · EIN 82-3719843

200 DRYDEN RAOD · DRESHER, PA 19025

Consulting (pension); Participant loa...

$25,771

JOHN HANCOCK LIFE INSURANCE COMPANY10+ years

Service code 15 · EIN 01-0233346

P.O. BOX 600 · BUFFALO, NY 92653

Recordkeeping

$646

NEW CENTURY BMW, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NEW CENTURY BMW, INC. 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