Retirement plan

THE LIBERTY LINES 401(K)

Name: LIBERTY LINES TRANSIT, INC. - THE LIBERTY LINES 401(K) (2018) 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 2018

475 SAW MILL RIVER ROAD - YONKERS, NY 10701914-376-6349libertylines.comLinkedIn501-1000 employeestransportation/trucking/railroad

Other plans on this EIN

1 filing

#001Retirement-$12.5M assets

Prospect flagsLow participationLow employer contribution

How to read this page

Total assets (EOY)

$23.3M

-4.4% from 2017

Total participants

702

+2.2% from 2017

Average account balance

$53,019

-7.7% from 2017

Annual return

-6.38%

-24.15 pp from 2017

Benchmarks

See 672 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants250-999

Cohort672 peers

Snapshot2018

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 1 by compensation

Provider	Service type	Compensation
JPMORGAN INVEST HOLDINGS LLC4+ years Service code 64 · EIN 13-2624428	Recordkeeping Fees	$2,180

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

$2K

$3 / participant

Contract admin$2K100.0%

% of EOY assets

0.009%

all-in expense ratio

Categories reported

1 / 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'ARCANGLO & CO., LLP
Auditor EIN: 132550103
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$53,019

$41,467+27.9%

$67,313-21.2%

$55,725-4.9%

Participation rate

60.9%

62.5%-1.6pp

69.1%-8.2pp

70.9%-10.0pp

Annual return

-6.38%

0.82%-7.2pp

-4.08%-2.3pp

244.93%-251.3pp

Employer contribution / active EE

$1,316-100.0%

$2,566-100.0%

$2,078-100.0%

Participant deferral / active EE

$3,465

$2,399+44.4%

$3,568-2.9%

$3,356+3.3%

Admin fee / account holder

$102-95.1%

$4,507-99.9%

$115-95.7%

Provider

Service type

Compensation

JPMORGAN INVEST HOLDINGS LLC4+ years

Service code 64 · EIN 13-2624428

Recordkeeping Fees

$2,180

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