Retirement plan

T. W. U. - S. T. S. 401(K) RETIREMENT PLAN

Name: SUFFOLK TRANSPORTATION SERVICE, INC - T. W. U. - S. T. S. 401(K) RETIREMENT PLAN (2019) Form 5500
Creator: SUFFOLK TRANSPORTATION SERVICE, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, T. W. U. - S. T. S. 401(K) RETIREMENT PLAN, SUFFOLK TRANSPORTATION SERVICE, INC

SUFFOLK TRANSPORTATION SERVICE, INCEIN 11-1782554Plan #005PY 2019

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

Other plans on this EIN

1 filing

#003Retirement-$27.8M assets

Prospect flagsLow returnsCorrective distributions

How to read this page

Total assets (EOY)

$70.7M

+23.0% from 2018

Total participants

2,737

+7.1% from 2018

Average account balance

$25,830

+14.8% from 2018

Annual return

15.24%

+18.36 pp from 2018

Benchmarks

See 239 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants1,000-4,999

Cohort239 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$108.92M

Not enough data

1 years with asset history on file

Average account balance

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

$34K

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.

3,201

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.

97.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$12.25M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+8.76%

Not enough data

1 years with return on file

Admin fee / account holder

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

$17

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 4 by compensation

Provider	Service type	Compensation
PRUDENTIAL RETIREMENT INSURANCE AND5+ years Filed as: THE PRUDENTIAL INSURANCE COMPANY OF Service code 13 · EIN 22-1211670	Contract Administrator	$42,165
REYNOLDS CONSULTING SERVICES5+ years Filed as: REYNOLDS CONSULTING SERVICES, LLC Service code 49 · EIN 20-1899564	Other Services	$6,675
SACKLOW & ACOX, CPAS, LLC2 years Service code 49 · EIN 83-0779411	Other Services	$5,000
WELLS FARGO BANK, N.A.2 years Filed as: WELLS FARGO CLEARING SERVICES LLC Service code 33 · EIN 34-1542819	Securities brokerage; Securities brok...	$0

Plan features & details

Pension benefit codes2E2G2J2K3D2T

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.
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.

Opportunity flags

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$54K

$20 / participant

Investment mgmt$7K12.4%
Contract admin$42K78.3%
Other / not subdivided$5K9.3%

% of EOY assets

0.076%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: SACKLOW & ACOX, CPAS, LLC
Auditor EIN: 830779411
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$25,830

$67,598-61.8%

$75,900-66.0%

$77,775-66.8%

Participation rate

100.0%

69.6%+30.4pp

69.3%+30.7pp

73.2%+26.8pp

Annual return

15.24%

23.18%-7.9pp

30.73%-15.5pp

32.58%-17.3pp

Employer contribution / active EE

$1,487

$2,430-38.8%

$2,501-40.6%

$2,504-40.6%

Participant deferral / active EE

$1,773

$3,502-49.4%

$3,604-50.8%

$3,966-55.3%

Admin fee / account holder

$20

$96-79.6%

$5,421-99.6%

$100-80.3%

Provider

Service type

Compensation

PRUDENTIAL RETIREMENT INSURANCE AND5+ years

Filed as: THE PRUDENTIAL INSURANCE COMPANY OF

Service code 13 · EIN 22-1211670

Contract Administrator

$42,165

REYNOLDS CONSULTING SERVICES5+ years

Filed as: REYNOLDS CONSULTING SERVICES, LLC

Service code 49 · EIN 20-1899564

Other Services

$6,675

SACKLOW & ACOX, CPAS, LLC2 years

Service code 49 · EIN 83-0779411

Other Services

$5,000

WELLS FARGO BANK, N.A.2 years

Filed as: WELLS FARGO CLEARING SERVICES LLC

Service code 33 · EIN 34-1542819

Securities brokerage; Securities brok...

T. W. U. - S. T. S. 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

T. W. U. - S. T. S. 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