Retirement plan

THE LIBERTY LINES 401(K)

Name: LIBERTY LINES TRANSIT, INC. - THE LIBERTY LINES 401(K) (2017) Form 5500
Creator: LIBERTY LINES TRANSIT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE LIBERTY LINES 401(K), LIBERTY LINES TRANSIT, INC.

LIBERTY LINES TRANSIT, INC.EIN 13-3096342Plan #002PY 2017

475 SAW MILL RIVER ROAD - YONKERS, NY 10703914-376-6349libertylines.comLinkedIn501-1000 employeestransportation/trucking/railroad

Other plans on this EIN

1 filing

#001Retirement-$14.6M assets

Prospect flagsLow participationLow employer contribution

How to read this page

Total assets (EOY)

$24.4M

+18.0% from 2016

Total participants

687

-0.3% from 2016

Average account balance

$57,432

+15.2% from 2016

Annual return

17.77%

+12.06 pp from 2016

Benchmarks

See 639 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants250-999

Cohort639 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$42.38M

Not enough data

1 years with asset history on file

Average account balance

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

$86K

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.

490

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.

58.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.87M

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

+29.54%

Not enough data

1 years with return on file

Admin fee / account holder

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

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
D'ARCANGELO & CO., LLP1 year Filed as: D ARCANGELO & CO LLP Service code 10 510 HAIGHT AVE · POUGHKEEPSIE, NY 12603	Accounting	$28,000
PFS INVESTMENTS2 years Filed as: PFS INVESTMENTS INC Service code 99 1 PRIMERICA PKWY · DULUTH, GA 30099	Other Fees	$7,325
JPMORGAN INVEST HOLDINGS LLC3+ years Service code 64 · EIN 13-2624428	Recordkeeping Fees	$1,695

Plan features & details

Pension benefit codes2E2F2G2J2T3B3D

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.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$37K

$56 / participant

Investment mgmt$7K19.8%
Contract admin$2K4.6%
Other / not subdivided$28K75.6%

% of EOY assets

0.152%

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: D'ARCANGELO & CO., LLP
Auditor EIN: 132550103
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$57,432

$44,059+30.4%

$71,671-19.9%

$69,631-17.5%

Participation rate

60.5%

60.8%-0.3pp

68.7%-8.3pp

70.7%-10.2pp

Annual return

17.77%

21.97%-4.2pp

20.65%-2.9pp

27571.02%-27553.3pp

Employer contribution / active EE

$1,305-100.0%

$2,460-100.0%

$2,032-100.0%

Participant deferral / active EE

$3,312

$2,370+39.8%

$3,438-3.7%

$3,224+2.7%

Admin fee / account holder

$87

$108-18.9%

$5,558-98.4%

$110-20.9%

Provider

Service type

Compensation

D'ARCANGELO & CO., LLP1 year

Filed as: D ARCANGELO & CO LLP

Service code 10

510 HAIGHT AVE · POUGHKEEPSIE, NY 12603

Accounting

$28,000

PFS INVESTMENTS2 years

Filed as: PFS INVESTMENTS INC

Service code 99

1 PRIMERICA PKWY · DULUTH, GA 30099

Other Fees

$7,325

JPMORGAN INVEST HOLDINGS LLC3+ years

Service code 64 · EIN 13-2624428

Recordkeeping Fees

$1,695

THE LIBERTY LINES 401(K)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE LIBERTY LINES 401(K)

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