Retirement plan

REINAUER TRANSPORTATION COMPANIES, LLC RETIREMENT AND INVESTMENT PLAN #3

Name: REINAUER TRANSPORTATION COMPANIES, LLC - REINAUER TRANSPORTATION COMPANIES, LLC RETIREMENT AND INVESTMENT PLAN #3 (2022) Form 5500
Creator: REINAUER TRANSPORTATION COMPANIES, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, REINAUER TRANSPORTATION COMPANIES, LLC RETIREMENT AND INVESTMENT PLAN #3, REINAUER TRANSPORTATION COMPANIES, LLC

REINAUER TRANSPORTATION COMPANIES, LLCEIN 13-3694366Plan #003PY 2022

1983 RICHMOND TERRACE - STATEN ISLAND, NY 10302718-816-8167reinauer.comLinkedIn501-1000 employeesmaritime

Other plans on this EIN

3 filings

#002Retirement-$55.7M assets #005Retirement-$3.3M assets #001Retirement-$2.8M assets

Prospect flagsLow returnsFailed to provide benefit

How to read this page

Total assets (EOY)

$54.2M

-20.3% from 2021

Total participants

437

-9.7% from 2021

Average account balance

$133,902

-9.0% from 2021

Annual return

-20.38%

-33.58 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

$74.64M

Not enough data

1 years with asset history on file

Average account balance

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

$159K

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.

468

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.

89.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$6.01M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+15.42%

Not enough data

1 years with return on file

Admin fee / account holder

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

$111

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
FORVIS, LLP6 years Filed as: MAZARS USA LLP Service code 10 · EIN 13-1459550	Accounting	$21,500
AMERICAN FUNDS2 years Filed as: NEWPORT CAPITAL GROUP Service code 16 · EIN 37-6572947	Consulting	$7,050
FIDELITY INVESTMENTS INSTITUTIONAL8+ years Service code 37 · EIN 04-2647786	Loan Processing	$6,534

Plan features & details

Pension benefit codes2J2T3H2E2F2G3D

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.
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.
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

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to provide benefit
Form 5500 reported that benefits due were not provided when due.

Expense breakdown

Schedule H Part II

Plan-level admin expenses are zero - fees are likely paid at the master-trust level rather than the individual plan.

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MAZARS USA LLP
Auditor EIN: 131459550
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$133,902

$44,764+199.1%

$68,803+94.6%

$64,824+106.6%

Participation rate

90.2%

64.8%+25.4pp

69.0%+21.1pp

71.5%+18.7pp

Annual return

-20.38%

-10.91%-9.5pp

-6.37%-14.0pp

32.84%-53.2pp

Employer contribution / active EE

$5,915

$1,775+233.2%

$2,656+122.7%

$2,507+135.9%

Participant deferral / active EE

$9,050

$3,238+179.5%

$3,942+129.6%

$4,311+109.9%

Admin fee / account holder

-$84

$151-155.4%

$4,936-101.7%

$188-144.7%

Provider

Service type

Compensation

FORVIS, LLP6 years

Filed as: MAZARS USA LLP

Service code 10 · EIN 13-1459550

Accounting

$21,500

AMERICAN FUNDS2 years

Filed as: NEWPORT CAPITAL GROUP

Service code 16 · EIN 37-6572947

Consulting

$7,050

FIDELITY INVESTMENTS INSTITUTIONAL8+ years

Service code 37 · EIN 04-2647786

Loan Processing

$6,534

REINAUER TRANSPORTATION COMPANIES, LLC RETIREMENT AND INVESTMENT PLAN #3

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

REINAUER TRANSPORTATION COMPANIES, LLC RETIREMENT AND INVESTMENT PLAN #3

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