Plans » Benchmarking Engine
Benchmarking Sullivan Automotive Group 401(K) Profit Sharing Plan in Santa Monica, CA against
good (1)
neutral (4)
Sullivan Automotive Group 401(K) Profit Sharing Plan in Santa Monica, CA has the 10th-highest diversity of asset types (11.8%) among the 37 plans in the Far West that don't provide for automatic enrollment, whose economic sector is Retail Trade, and have 500 to 999 total participants. That 11.8% compares to an average of 8.6% across those 37 plans.
Sullivan Automotive Group 401(K) Profit Sharing Plan has these standings among those 37 peer plans related to asset types (values of zero are not shown):
Sullivan Automotive Group 401(K) Profit Sharing Plan has these standings among those 37 peer plans related to asset types (values of zero are not shown):
- diversity of asset types = 11.8% (10th-highest, tied)
- value of interest in pooled separate accounts = $28,198,215 (2nd-highest)
- value of funds held in insurance company general account (unallocated contracts) = $4,018,750 (3rd-highest)
- diversity of asset types. Higher values are better. The diversity of asset types is calculated by taking the mathematical entropy of the 24 dollar values for the 24 asset types, after excluding negative asset values, then dividing by 4.584962 (which is the maximum possible entropy of 24 numeric quantities), and multiplying by 100 to obtain a percentage whose potential range is 0% to 100%. Mathematical entropy is a way to measure the balance among a group of numeric values; maximum entropy is when all the values are equal and nonzero. Except where noted, all data come from the 25-October-2023 updates to the year-2021 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
- provide for automatic enrollment. 401(k) plan or 403(b) plan that provides for automatic enrollment in a plan that has elective contributions deducted from payroll. Feature code 2S within Line 8a of Form 5500. Except where noted, all data come from the 25-October-2023 updates to the year-2021 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
- whose economic sector is. The economic sector is the first two digits from the six-digit NAICS business code, Line 2d in Form 5500, which best describes the nature of the plan sponsor’s business, from the available list. If more than one employer or employee organization is involved, filers are asked to enter the business code for the main business activity of the employer and/or employee organizations. Except where noted, all data come from the 25-October-2023 updates to the year-2021 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
- in region. The 9 regions with their corresponding states or other geographic entities are: New England (CT ME MA NH RI VT), Mid Atlantic (DE DC MD NJ NY PA), Great Lakes (IL IN MI OH WI), Plains (IA KS MN MO NE ND SD), Southeast (AL AR FL GA KY LA MS NC SC TN VA WV), Southwest (AZ NM OK TX), Rocky Mountains (CO ID MT UT WY), Far West (AK CA HI NV OR WA), and Outlying Areas (VI PR GU AS MP). Except where noted, all data come from the 25-October-2023 updates to the year-2021 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
- total participants bracket. We partitioned total participants into eight brackets: 0-9, 10-24, 25-49, 50-99, 100-499, 500-999, 1000-4999, 5000-24999, and 25000 or more. Except where noted, all data come from the 25-October-2023 updates to the year-2021 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
Sullivan Automotive Group 401(K) Profit Sharing Plan in Santa Monica, CA is in Santa Monica, CA, its EIN is 208361355, its industry group is Automobile Dealers, is a profit-sharing plan, covered by a fidelity bond, an ERISA section 404(c) plan, self-administered by the plan sponsor, is a multiple-employer plan, its business code is 441120, has 500 to 999 total participants, is worse than the overall participant averages in each of net income per total participant, average account balance, active-participant contributions per head, and employer contributions per active participant (4 total), and is higher than the overall administrative medians in each of contract administrator fees, total administrative expenses, and total administrative expense ratio.
Global References
Numeric values:
- total assets ($32,216,965)
- net assets (assets minus liabilities) ($32.20M)
- total assets at beginning of plan year ($30,070,137)
- value of interest in pooled separate accounts ($28,198,215)
- total income ($5,446,199)
- value of funds held in insurance company general account (unallocated contracts) ($4,018,750)
- earnings on investments ($3,373,852)
- net earnings on investments ($3,373,852)
- total expenses ($3,299,371)
- net income ($2,146,828)
- total contributions ($2,072,347)
- cash contributions from participants ($1,766,373)
- cash contributions from employers ($217,490)
- corrective distributions ($146,615)
- contract administrator fees ($146,003)
- total administrative expenses ($146,003)
- average account balance ($33,700)
- average participant cash contribution per active participant ($2,886)
- net income per total participant ($2,246)
- average employer cash contribution per active participant ($355.40)
- total administrative expense per participant ($152.72)
- total noninterest-bearing cash ($0)
- receivables employer contributions ($0)
- receivables participant contributions ($0)
- other receivables (not employer nor participant contributions) ($0)
- interest-bearing cash (e.g., money market accounts, certificates of deposit) ($0)
- U.S. government securities ($0.0K)
- corporate debt instruments (preferred & other than employer securities) ($0)
- corporate debt instruments (below preferred & other than employer securities) ($0)
- corporate preferred stocks (other than employer securities) ($0)
- corporate common stocks (other than employer securities) ($0)
- partnership/joint venture interests ($0)
- real estate (other than employer real property) ($0)
- loans (other than to participants) ($0)
- participant loans ($0)
- value of interest in common/collective trusts ($0)
- value of interest in master trust investment accounts ($0.0K)
- value of interest in 103-12 investment entities ($0)
- value of interest in registered investment companies (e.g., mutual funds) ($0.0K)
- other general investments ($0)
- employer-related securities investments ($0)
- employer-related real-property investments ($0)
- buildings and other property used in plan operation ($0)
- total liabilities ($0)
- professional fees ($0)
- investment advisory and management fees ($0)
- other administrative expenses ($0)
- asset transfers to this plan ($0)
- asset transfers from this plan ($0)
- percentage of active participants (64.0%)
- diversity of asset types (11.8%)
- yield on beginning-of-plan-year total assets (11.22%)
- total administrative expense ratio (0.450%)
- participant loans as a percentage of plan assets (0.00%)
- total cash as a percentage of plan assets (0.00%)
- employer securities as a percentage of plan assets (0.00%)
- active participants (612)
- deceased participants whose beneficiaries receive or are entitled to benefits (0)
- living participants (956)
- other retired or separated participants entitled to future benefits (344)
- retired or separated participants receiving benefits (0)
- total participants (956)
Global References