Regal, Buick, Cavalry, Chrysler, Plymouth, Inc.
Form 5500 DataOverview
Plan Description
Romano Auto Network 401k Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 65. This plan is in the top 35% of plans for Account Balances, Salary Deferral, and Total Plan Cost. Romano Auto Network 401k Plan currently has over 200 active participants and over $10.3M in plan assets.
Did you know?
For the average 401k participant, the 13 point difference between this plan's BrightScope Rating (65) and the top rated plan (78) could equate to:
6
Additional years of work
90,957
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 12/31/2018
Plan data has been audited by an Independent Qualified Public Accountant (IQPA). Address 6400 Basile Rowe
Plan data has been audited by an Independent Qualified Public Accountant (IQPA). Address 6400 Basile Rowe
-
LocationEast Syracuse , NY13057
-
IndustryNew Car Dealers
-
AdministratorMichael J Romano
-
Net Plan Assets$10,300,000
-
Total Participants270
-
Avg Account Balance$66,000
Plan Components
Component Ratings
Design
Total Plan Cost:
Low Fees
Company Generosity:
Poor
Performance
Participation Rate:
Below Avg.
Salary Deferrals:
Above Average
Account Balance:
Above Average
Design
Total Plan Cost:
Low Fees
Company Generosity:
Poor
Performance
Participation Rate:
Poor
Salary Deferrals:
Above Average
Account Balance:
Average
Peer Group Plans
Company | Rating |
---|---|
The Moran Group | 62.3 |
Charles Daher's Commonwealth Motors | 61.8 |
Olathe Ford Sales | 58.8 |
Spradley-Barr Ford | 58.5 |
Crowley Chrysler Plymouth | 58.4 |
JN Group Holdings | 54.4 |
Top Industry Articles
Compliance
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
Practice Management: Areas of Success
A look at what worked particularly well in 2020 and that could keep propelling growth in 2021.
December 28, 2020
Deals & People
HUB Names New Leader for Retirement and Private Wealth
PLANADVISER has learned that HUB International has named Joe DeNoyior as the new leader for Retirement and Private Wealth.
January 22, 2021
Compliance
Retirement Plan Trustee Faces Cybersecurity-Related Lawsuit
The lawsuit says the trustee failed to prevent a fraudulent distribution from a participant's account and is failing to take responsibility.
January 15, 2021
exclusives
Democrats Have Won the Power to Fix Union Pensions
A bipartisan compromise solution to end the multiemployer pension crisis is urgently required, sources agree, and one could finally be forthcoming in the U.S. Congress.
January 19, 2021
Investments
Largest Funds in this Plan | Allocation of Assets | 1 YR Rank in Category |
---|---|---|
American Funds Growth Fund of America | 16% |
21%
|
American Funds Washington Mutual | 16% |
88%
|
American Funds EuroPacific Growth | 15% |
16%
|
|
100%
|
|
|
100%
|
|
|
100%
|
|
|
100%
|
View all funds in this plan
Articles and Questions

Boeing Fee Settlement Highlights the High Bar for Large Plans
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
Why Do Investment Expenses Matter?
Ryan Alfred
Popular Questions
See more questions-
Do I need to repay the 10k loan from my IRA tha I will use to purchase a home as a first time home owner?2 answers2answers
-
Should I purchase an Annuity for my retirement?5 answers5answers
-
I am retiring soon and I am nervous about having a lot of my retirement dollars in the stock market. What are the annuity products I have been reading about that guarantee retirement income for me?8 answers8answers
-
How much money do I need to retire?5 answers5answers
-
As a young professional starting a new career, what would you recommend a Roth IRA or IRA?10 answers10answers
Have a question about retirement plans?
Our community of registered financial advisors are standing by to share their experience.
Ask a question
