Retirement plan

WHOLESALE MOTORS, INC. 401(K) PROFIT SHARING PLAN

Name: JN GROUP, INC. - WHOLESALE MOTORS, INC. 401(K) PROFIT SHARING PLAN (2021) Form 5500
Creator: JN GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WHOLESALE MOTORS, INC. 401(K) PROFIT SHARING PLAN, JN GROUP, INC.

JN GROUP, INC.EIN 99-0106809Plan #001PY 2021

600 PU'ULOA ROAD - HONOLULU, HI 96819808-861-8121

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$16.9M

+11.8% from 2020

Total participants

344

-3.4% from 2020

Average account balance

$50,143

+15.8% from 2020

Annual return

16.96%

-2.88 pp from 2020

Benchmarks

See 2,170 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,170 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.81M

Not enough data

1 years with asset history on file

Average account balance

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

$42K

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.

332

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.

82.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.11M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+12.69%

Not enough data

1 years with return on file

Admin fee / account holder

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

$315

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
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: GREAT WEST LIFE & ANNUITY INS CO. Service code 15 · EIN 84-0467907	Recordkeeping	$72,311
MORGAN STANLEY SMITH BARNEY3 years Filed as: MORGAN STANLEY INS SVCS Service code 99 · EIN 51-0116113	Other Fees	$0
NEXUS ADMINISTRATORS, INC.1 year Service code 99 · EIN 84-0467907 735 W. ALLUVIAL AVE., SUITE 101 · FRESNO, CA 93711	Other Fees	$0

Plan features & details

Pension benefit codes2E2G2J2K2R3D3H

Plan features

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.
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.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$105K

$546 / participant

Investment mgmt$88K84.2%
Contract admin$17K15.8%

% of EOY assets

0.618%

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: CW ASSOCIATES, CPA'S
Auditor EIN: 261659234
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$50,143

$59,220-15.3%

$96,572-48.1%

$79,389-36.8%

Participation rate

96.9%

61.9%+35.0pp

69.8%+27.0pp

70.7%+26.2pp

Annual return

16.96%

27.08%-10.1pp

37.79%-20.8pp

116.89%-99.9pp

Employer contribution / active EE

$908

$1,216-25.3%

$2,357-61.5%

$2,428-62.6%

Participant deferral / active EE

$3,293

$2,948+11.7%

$3,850-14.5%

$4,046-18.6%

Admin fee / account holder

$310

$659-52.9%

$6,183-95.0%

$626-50.5%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: GREAT WEST LIFE & ANNUITY INS CO.

Service code 15 · EIN 84-0467907

Recordkeeping

$72,311

MORGAN STANLEY SMITH BARNEY3 years

Filed as: MORGAN STANLEY INS SVCS

Service code 99 · EIN 51-0116113

Other Fees

NEXUS ADMINISTRATORS, INC.1 year

Service code 99 · EIN 84-0467907

735 W. ALLUVIAL AVE., SUITE 101 · FRESNO, CA 93711

Other Fees

WHOLESALE MOTORS, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WHOLESALE MOTORS, INC. 401(K) 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