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Benchmarking Marthaler Auto Group 401(K) Plan in Glenwood, MN against
neutral (2)
Marthaler Auto Group 401(K) Plan in Glenwood, MN has the 3rd-most in asset transfers from the plan ($2,612,892) of the 566 Minnesota plans. Those $2,612,892 compare to an average of $25,130 across the 566 plans.
- in state. Except where noted, all data come from the 25-July-2024 updates to the year-2022 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
- asset transfers from the plan. During the plan year. Line 2l(2) from Schedule H. Except where noted, all data come from the 25-July-2024 updates to the year-2022 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
Marthaler Auto Group 401(K) Plan in Glenwood, MN is in Minnesota, its EIN is 411806770, its industry group is Automobile Dealers, its plan administrator is Kendall Koep, is a profit-sharing plan, covered by a fidelity bond, an ERISA section 404(c) plan, self-administered by the plan sponsor, is a single-employer plan, its business code is 441110, has 100 to 499 total participants, is worse than the overall participant averages in each of average account balance, active-participant contributions per head, employer contributions per active participant, and total administrative expense per participant (4 total), and is higher than the overall administrative medians in each of contract administrator fees, investment advisory and management fees, total administrative expenses, and total administrative expense ratio.
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Numeric values:
- total assets at beginning of plan year ($5,489,543)
- value of interest in registered investment companies (e.g., mutual funds) ($2.80M)
- net assets (assets minus liabilities) ($2.80M)
- total assets ($2,767,115)
- asset transfers from the plan ($2,612,892)
- total contributions ($1,543,173)
- cash contributions from participants ($667,542)
- total expenses ($551,378)
- total income ($441,842)
- cash contributions from employers ($180,987)
- total administrative expenses ($41,993)
- contract administrator fees ($41,148)
- average account balance ($11,341)
- value of funds held in insurance company general account (unallocated contracts) ($5,919)
- participant loans ($4,146)
- average employer+participant cash contribution per active participant ($4,002)
- average participant cash contribution per active participant ($3,149)
- average employer cash contribution per active participant ($853.70)
- investment advisory and management fees ($845)
- total administrative expense per participant ($172.10)
- 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)
- value of interest in common/collective trusts ($0)
- value of interest in pooled separate accounts ($0)
- value of interest in master trust investment accounts ($0.0K)
- value of interest in 103-12 investment entities ($0)
- 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)
- corrective distributions ($0)
- professional fees ($0)
- other administrative expenses ($0)
- asset transfers to the plan ($0)
- net income per total participant (-$448.90)
- net income (-$109,536)
- earnings on investments (-$1,101,331)
- net earnings on investments (-$1,102,176)
- percentage of active participants (86.9%)
- total administrative expense ratio (1.518%)
- diversity of asset types (0.8%)
- participant loans as a percentage of plan assets (0.15%)
- total cash as a percentage of plan assets (0.00%)
- employer securities as a percentage of plan assets (0.00%)
- growth in total assets during the plan year (-49.6%)
- active participants (212)
- deceased participants whose beneficiaries receive or are entitled to benefits (0)
- living participants (244)
- other retired or separated participants entitled to future benefits (31)
- retired or separated participants receiving benefits (1)
- total participants (244)
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