Gallery Automotive Group LLC

60
Form 5500 Data

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 (57)
Highest in Peer Group (68)

Plan Description

Gallery Automotive Group LLC 401k Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 60. Gallery Automotive Group LLC 401k Plan currently has over 300 active participants and over $7.6M in plan assets.

Did you know?

For the average 401k participant, the 8 point difference between this plan's BrightScope Rating (60) and the top rated plan (68) could equate to:
4
Additional years of work
18,936
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 12/31/2014
Plan data has been audited by an Independent Qualified Public Accountant (IQPA).
Address Po Box 770
  • Location
    Norwood , MA
  • 02062
  • Industry
    New Car Dealers
  • Administrator
    Robert Boutilier
  • Net Plan Assets
    $7,580,000
  • Total Participants
    330
  • Avg Account Balance
    $27,000

Plan Components

Component Ratings

Design

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

Performance

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

Design

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

Performance

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

Peer Group Plans

Company Rating
Atkins Kroll 68.1
Kelly Management 62.3
Bob Ciasulli Auto Group 62.3
Preston Management 58.4
Cable Dahmer Chevrolet 56.5
Frank Motors 54.0
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Investments

Investment Menu Stats

# of Investment Options

23

(Plan Average: 20)

Largest Funds in this Plan Allocation of Assets 1 YR Rank in Category
American Century Investments One Choice 27%
31%
Deutsche Money Market Prime 17%
35%
American Funds Growth Fund of America 10%
14%
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
View all funds in this plan

Providers

Plan Service Providers

SERVICE PROVIDER
Recordkeeper
ADP
Auditor
O'Connor & Drew Pc

Articles and Questions

Boeing Plan Report (Updated)

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Boeing Offers a Near Perfect Retirement Plan ModelIn most respects Boeing’s retirement offering is a great model of how to run a large retirement plan. Participants in Boeing’s 401(k) plan are beneficiaries of a participant-friendly design with immediate access, automatic enrollment, immediate ves

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