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Karl Chevrolet, Inc.

Form 5500 Data
OverviewPlan ComponentsInvestmentsProvidersArticles & Questions

Karl Chevrolet, Inc.

60
Form 5500 Data
OverviewPlan ComponentsInvestmentsProvidersArticles & Questions

Overview

Plan Rating

BrightScope Rating
60
Lowest Rating in Peer Group
Average Rating in Peer Group
Highest Rating in Peer Group
0102030405060708090100
Lowest in Peer Group (36)
Average in Peer Group (64)
Highest in Peer Group (85)

Plan Description

Karl Chevrolet, Inc. 401k Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 60. This plan is in the top 35% of plans for Salary Deferral. Karl Chevrolet, Inc. 401k Plan currently has over 500 active participants and over $16.8M in plan assets.

Did you know?

For the average 401k participant, the 25 point difference between this plan's BrightScope Rating (60) and the top rated plan (85) could equate to:
12
Additional years of work
159,123
Lost Savings
*The delay in retirement calculations apply solely to this defined contribution plan and do not take into account other retirement plans and programs offered by this employer. How is this calculated?

Plan Details

Plan Details Relevant details about the plan and the plan sponsor, including the address and industry of the plan sponsor and the size of the plan in assets and participants.

 
Plan data accurate as of 12/31/2019
Plan data has been audited by an Independent Qualified Public Accountant (IQPA). Address 1101 Se Oralabor Rd.
  • Location
    Ankeny , IA
    • 50021
  • Industry
    New Car Dealers
  • Administrator
    James Christensen
  • Net Plan Assets
    $16,800,000
  • Total Participants
    550
  • Avg Account Balance
    $55,000

Plan Components

Component Ratings

Design

Total Plan Cost:
Average Fees
Company Generosity:
Below Avg.

Performance

Participation Rate:
Below Avg.
Salary Deferrals:
Above Average
Account Balance:
Average

Design

Total Plan Cost:
High Fees
Company Generosity:
Poor

Performance

Participation Rate:
Poor
Salary Deferrals:
Average
Account Balance:
Average

Peer Group Plans

Company Rating
D. Shelly Group 64.4
Ricart Automotive Personnel 63.4
Skymatt Automotive Group 63.3
Bradshaw Automotive Companies 62.2
Bradley Management Group 61.2
Petersburg Motor Company 55.9

Top Industry Articles

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Retirement Plan Execs Confident Senate Will Pass the Bill Into Law

June 4, 2021
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Industry experts reflect on what President Joe Biden has done in his first months in office with respect to retirement plans and what they still see coming down the road from his administration.

June 2, 2021
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RIA in a Box Enables Automated Communications Archiving and Review

It also helps wealth management RIAs be better prepared for examinations.

June 3, 2021
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Stimulus Bill Extends Some Provisions of the CARES Act

It also provides a way for retirement plan sponsors to avoid a partial plan termination.

December 28, 2020
Practice Management
Upcoming Webinar: DCIO Evolution

Join us TODAY at 2 p.m. EST as we discuss the past, present and future of the defined contribution investment only (DCIO) marketplace.

June 2, 2021

Investments

Investment Menu Stats

# of Investment Options

39

(Plan Average: 20)

Largest Funds in this Plan Allocation of Assets 1 YR Rank in Category
T. Rowe Price Target Retirement 26%
16%
Self-Directed Brokerage Accounts 14%
N/A
Fidelity 500 Index 8%
10%
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
View all funds in this plan
for Asset Managers

Providers

Plan Service Providers

SERVICE PROVIDER
Recordkeeper
ADP
Corporate Trustee
Securities America, Inc.
Recordkeeper
Securities America, Inc.
Auditor
Woodward & Associates, Inc.

Articles and Questions

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Popular Questions

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