Retirement plan

CIRCLE AUTOMOTIVE GROUP, INC. 401(K) PLAN

Name: CIRCLE AUTOMOTIVE GROUP, INC. - CIRCLE AUTOMOTIVE GROUP, INC. 401(K) PLAN (2022) Form 5500
Creator: CIRCLE AUTOMOTIVE GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CIRCLE AUTOMOTIVE GROUP, INC. 401(K) PLAN, CIRCLE AUTOMOTIVE GROUP, INC.

CIRCLE AUTOMOTIVE GROUP, INC.EIN 95-4716497Plan #001PY 2022

1400 S. DAN GURNEY - SANTA ANA, CA 92705714-560-6950circleautogroup.comLinkedIn1-10 employeesautomotive

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$6.8M

-11.5% from 2021

Total participants

238

+5.8% from 2021

Average account balance

$46,514

-13.3% from 2021

Annual return

-17.07%

-29.69 pp from 2021

Benchmarks

See 2,205 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,205 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.32M

Not enough data

1 years with asset history on file

Average account balance

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

$49K

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.

109

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.

31.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$271K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+9.06%

Not enough data

1 years with return on file

Admin fee / account holder

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

$250

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 3 by compensation

Provider	Service type	Compensation
JASON A PRATTES FINANCIAL INC.3 years Service code 15 · EIN 45-2991720	Recordkeeping	$35,015
ADP BROKER-DEALER3 years Filed as: ADP, INC. Service code 15 · EIN 13-3036745	Recordkeeping	$1,155
ADP BROKER-DEALER8+ years Service code 49 · EIN 22-3319984	Other Services	$0

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

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.
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

2 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).

Expense breakdown

Schedule H Part II

Admin total

$36K

$246 / participant

Other / not subdivided$36K100.0%

% of EOY assets

0.529%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WITHUMSMITH BROWN PC
Auditor EIN: 222027092
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$46,514

$49,451-5.9%

$79,576-41.5%

$66,930-30.5%

Participation rate

38.1%

61.3%-23.2pp

69.5%-31.4pp

69.8%-31.7pp

Annual return

-17.07%

84.25%-101.3pp

0.15%-17.2pp

1.57%-18.6pp

Employer contribution / active EE

$1,266-100.0%

$2,413-100.0%

$2,545-100.0%

Participant deferral / active EE

$4,825

$3,159+52.7%

$3,985+21.1%

$4,238+13.8%

Admin fee / account holder

$246

$595-58.6%

$6,834-96.4%

$593-58.5%

Provider

Service type

Compensation

JASON A PRATTES FINANCIAL INC.3 years

Service code 15 · EIN 45-2991720

Recordkeeping

$35,015

ADP BROKER-DEALER3 years

Filed as: ADP, INC.

Service code 15 · EIN 13-3036745

Recordkeeping

$1,155

ADP BROKER-DEALER8+ years

Service code 49 · EIN 22-3319984

Other Services

CIRCLE AUTOMOTIVE GROUP, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CIRCLE AUTOMOTIVE GROUP, 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