Retirement plan

SUFFOLK TRANSPORTATION SERVICE, INC. 401-K PLAN

Name: SUFFOLK TRANSPORTATION SERVICE, INC. - SUFFOLK TRANSPORTATION SERVICE, INC. 401-K PLAN (2023) Form 5500
Creator: SUFFOLK TRANSPORTATION SERVICE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SUFFOLK TRANSPORTATION SERVICE, INC. 401-K PLAN, SUFFOLK TRANSPORTATION SERVICE, INC.

SUFFOLK TRANSPORTATION SERVICE, INC.EIN 11-1782554Plan #003PY 2023

10 MOFFITT BLVD. - BAYSHORE, NY 11706631-665-3245LinkedIn51-200 employeestransportation/trucking/railroad

Other plans on this EIN

1 filing

#005Retirement-$97.9M assets

Prospect flagsHigh cash

How to read this page

Total assets (EOY)

$35.9M

+13.0% from 2022

Total participants

184

+7.0% from 2022

Average account balance

$199,327

+6.7% from 2022

Annual return

13.84%

+30.10 pp from 2022

Benchmarks

See 1,234 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants100-249

Cohort1,234 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$33.81M

Not enough data

1 years with asset history on file

Average account balance

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

$182K

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.

186

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.

93.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.98M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+10.98%

Not enough data

1 years with return on file

Admin fee / account holder

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

$54

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 1 by compensation

Provider	Service type	Compensation
SACKLOW & ACOX, CPAS, LLC7 years Service code 10 · EIN 83-0779411	Accounting	$10,000

Plan features & details

Pension benefit codes2E2J2K3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

1 tripped

OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.

Expense breakdown

Schedule H Part II

Admin total

$10K

$70 / participant

Trustee / custodial$1001.0%
Other / not subdivided$10K99.0%

% of EOY assets

0.028%

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: SACKLOW & ACOX, CPAS, LLC
Auditor EIN: 830779411
Audit fees: $10,000
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$199,327

$51,166+289.6%

$70,544+182.6%

$71,511+178.7%

Participation rate

97.2%

59.4%+37.9pp

68.4%+28.9pp

67.9%+29.3pp

Annual return

13.84%

42.71%-28.9pp

32.79%-18.9pp

28.86%-15.0pp

Employer contribution / active EE

$5,416

$1,793+202.0%

$2,976+82.0%

$2,589+109.2%

Participant deferral / active EE

$8,076

$3,031+166.5%

$4,568+76.8%

$4,291+88.2%

Admin fee / account holder

$56

$2,000-97.2%

$6,427-99.1%

$1,588-96.5%

Provider

Service type

Compensation

SACKLOW & ACOX, CPAS, LLC7 years

Service code 10 · EIN 83-0779411

Accounting

$10,000

SUFFOLK TRANSPORTATION SERVICE, INC. 401-K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SUFFOLK TRANSPORTATION SERVICE, INC. 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