Retirement plan

THE LIBERTY LINES 401(K)

Name: LIBERTY LINES TRANSIT, INC. - THE LIBERTY LINES 401(K) (2022) 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 2022

475 SAW MILL RIVER ROAD - YONKERS, NY 10701914-376-6405libertylines.comLinkedIn501-1000 employeestransportation/trucking/railroad

Other plans on this EIN

1 filing

#001Retirement-$10.1M assets

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$29.1M

-13.9% from 2021

Total participants

727

+3.9% from 2021

Average account balance

$64,060

-12.4% from 2021

Annual return

-14.06%

-25.34 pp from 2021

Benchmarks

See 670 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants250-999

Cohort670 peers

Snapshot2022

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
WELLS FARGO BANK, N.A.4 years Filed as: WELLS FARGO ADVISORS LLC Service code 27 401 S TRYON ST · CHARLOTTE, NC 28081	Advisory (Plan)	$25,000
PRAGER METIS CPAS, LLC3 years Filed as: PRAGER METIS CPA'S, LLC Service code 10 14 PENN PLAZA · NEW YORK, NY 10122	Accounting	$19,000
JPMORGAN INVEST HOLDINGS LLC8+ years Service code 64 · EIN 13-2624428	Recordkeeping Fees	$3,831

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.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$48K

$70 / participant

Contract admin$48K100.0%

% of EOY assets

0.164%

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: PRAGER METIS CPAS, LLC
Auditor EIN: 061667465
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$64,060

$44,764+43.1%

$68,803-6.9%

$64,824-1.2%

Participation rate

60.1%

64.8%-4.6pp

69.0%-8.9pp

71.5%-11.4pp

Annual return

-14.06%

-10.91%-3.2pp

-6.37%-7.7pp

32.84%-46.9pp

Employer contribution / active EE

$1,775-100.0%

$2,656-100.0%

$2,507-100.0%

Participant deferral / active EE

$4,280

$3,238+32.2%

$3,942+8.6%

$4,311-0.7%

Admin fee / account holder

$105

$151-30.5%

$4,936-97.9%

$188-44.0%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.4 years

Filed as: WELLS FARGO ADVISORS LLC

Service code 27

401 S TRYON ST · CHARLOTTE, NC 28081

Advisory (Plan)

$25,000

PRAGER METIS CPAS, LLC3 years

Filed as: PRAGER METIS CPA'S, LLC

Service code 10

14 PENN PLAZA · NEW YORK, NY 10122

Accounting

$19,000

JPMORGAN INVEST HOLDINGS LLC8+ years

Service code 64 · EIN 13-2624428

Recordkeeping Fees

$3,831

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