Retirement plan

BARRETT TRUCKING CO., INC. 401(K) RETIREMENT PLAN

Name: BARRETT TRUCKING CO., INC. - BARRETT TRUCKING CO., INC. 401(K) RETIREMENT PLAN (2021) Form 5500
Creator: BARRETT TRUCKING CO., INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BARRETT TRUCKING CO., INC. 401(K) RETIREMENT PLAN, BARRETT TRUCKING CO., INC.

BARRETT TRUCKING CO., INC.EIN 03-0229454Plan #001PY 2021

16 AUSTIN DR. - BURLINGTON, VT 05401802-863-1311

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$2.5M

-6.8% from 2020

Total participants

-6.5% from 2020

Average account balance

$59,432

+2.0% from 2020

Annual return

16.97%

+7.39 pp from 2020

Benchmarks

See 3,885 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants25-99

Cohort3,885 peers

Snapshot2021

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$4.24M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$66K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

136.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$351K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+14.44%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$1821

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

0 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2G2J3D2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$824K

$24231 / participant

Other / not subdivided$824K100.0%

% of EOY assets

33.005%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$59,432

$62,592-5.0%

$85,693-30.6%

$85,856-30.8%

Participation rate

97.1%

61.1%+35.9pp

69.9%+27.2pp

69.3%+27.7pp

Annual return

16.97%

23.77%-6.8pp

21.49%-4.5pp

318.58%-301.6pp

Employer contribution / active EE

$1,978

$1,755+12.7%

$2,618-24.5%

$2,565-22.9%

Participant deferral / active EE

$3,087

$2,802+10.2%

$3,923-21.3%

$3,952-21.9%

Admin fee / account holder

$19,616

$4,643+322.5%

$6,874+185.3%

$6,261+213.3%

BARRETT TRUCKING CO., INC. 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BARRETT TRUCKING CO., INC. 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion