Retirement plan

TRI STATE TRUCK CENTER 401(K) PLAN

Name: TRI STATE TRUCK CENTER, INC. - TRI STATE TRUCK CENTER 401(K) PLAN (2016) Form 5500
Creator: TRI STATE TRUCK CENTER, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TRI STATE TRUCK CENTER 401(K) PLAN, TRI STATE TRUCK CENTER, INC.

TRI STATE TRUCK CENTER, INC.EIN 04-2840481Plan #001PY 2016

P.O. BOX 308, 411 HARTFORD TURNPIKE - SHREWSBURY, MA 015450308508-363-2615

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$6.4M

+19.9% from 2015

Total participants

147

+14.8% from 2015

Average account balance

$79,192

+5.1% from 2015

Annual return

9.98%

+11.28 pp from 2015

Benchmarks

See 1,015 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants100-249

Cohort1,015 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$32.71M

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.

494

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.

94.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.05M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+12.95%

Not enough data

1 years with return on file

Admin fee / account holder

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

$182

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
THIRD PARTY ADMINISTRATORS, INC.2+ years Service code 13 2 EXECUTIVE PARK DRIVE, SUITE 100 · BEDFORD, NH 03110	Contract Administrator	$1,200
AMERICAN FUNDS2+ years Filed as: CAPITAL RESEARCH AND MANAGEMENT CO Service code 15 333 SOUTH HOPE STREET · LOS ANGELES, CA 90071	Recordkeeping	$919
JOHN HANCOCK LIFE INSURANCE COMPANY1 year Filed as: SIGNATOR INVESTORS, INC Service code 27 2 MILL AND MAIN PLACE STE 620 · MAYNARD, ME 017542673	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$3K

$21 / participant

Contract admin$3K100.0%

% of EOY assets

0.042%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CARON & BLETZER, PLLC
Auditor EIN: 043499945
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$79,192

$44,425+78.3%

$67,834+16.7%

$55,167+43.5%

Participation rate

50.0%

59.7%-9.7pp

68.8%-18.8pp

69.0%-19.0pp

Annual return

9.98%

17.80%-7.8pp

138.47%-128.5pp

169.23%-159.2pp

Employer contribution / active EE

$1,605

$1,351+18.8%

$2,403-33.2%

$1,963-18.2%

Participant deferral / active EE

$3,059

$2,166+41.3%

$3,160-3.2%

$3,054+0.2%

Admin fee / account holder

$34

$530-93.7%

$4,622-99.3%

$504-93.4%

Provider

Service type

Compensation

THIRD PARTY ADMINISTRATORS, INC.2+ years

Service code 13

2 EXECUTIVE PARK DRIVE, SUITE 100 · BEDFORD, NH 03110

Contract Administrator

$1,200

AMERICAN FUNDS2+ years

Filed as: CAPITAL RESEARCH AND MANAGEMENT CO

Service code 15

333 SOUTH HOPE STREET · LOS ANGELES, CA 90071

Recordkeeping

$919

JOHN HANCOCK LIFE INSURANCE COMPANY1 year

Filed as: SIGNATOR INVESTORS, INC

Service code 27

2 MILL AND MAIN PLACE STE 620 · MAYNARD, ME 017542673

Advisory (Plan)

TRI STATE TRUCK CENTER 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TRI STATE TRUCK CENTER 401(K) 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