Retirement plan

SCHENKER, INC. 401(K) SAVINGS AND INVESTMENT PLAN

Name: SCHENKER, INC - SCHENKER, INC. 401(K) SAVINGS AND INVESTMENT PLAN (2024) Form 5500
Creator: SCHENKER, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SCHENKER, INC. 401(K) SAVINGS AND INVESTMENT PLAN, SCHENKER, INC

SCHENKER, INCEIN 13-5619239Plan #002PY 2024

1305 EXECUTIVE BLVD., SUITE 200 - CHESAPEAKE, VA 23320757-821-3400

Other plans on this EIN

1 filing

#003Retirement-$401K assets

Prospect flagsLow returnsFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed November 3, 2021

Plan administrator

Plan administrator name— Sign in and upgrade to view

800 N.W. 62 Ave, Suite 600

Miami, FL 33126

Email— Sign in and upgrade to view Phone— Sign in and upgrade to view

Plans declared (1)

Schenker, Inc. Nonqualified Deferred Compensation Plan300 emp

Open the filing PDF

How to read this page

Total assets (EOY)

$464.9M

+4.6% from 2023

Total participants

11,491

-10.7% from 2023

Average account balance

$40,716

+5.8% from 2023

Annual return

12.16%

-13.13 pp from 2023

Benchmarks

See 51 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants5,000-9,999

Cohort51 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Analytics

Total assets (EOY)

Plan-year ending balance

$464.89M

Not enough data

1 years with asset history on file

Average account balance

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

$41K

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.

11,418

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.

99.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$44.43M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+12.16%

Not enough data

1 years with return on file

Admin fee / account holder

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

$88

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Service providers

Top 6 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS10+ years Service code 12 · EIN 13-3689044	Direct payment from the plan; Claims ...	$788,088
LOCKTON INVESTMENT ADVISORS, LLC4 years Filed as: LOCKTON INVESTMENT ADVISORS LLC Service code 27 · EIN 20-8874282	Advisory (Plan)	$93,000
PRUDENTIAL RETIREMENT INSURANCE AND10+ years Filed as: PRUDENTIAL TRUST CO. Service code 27 · EIN 23-6994310	Advisory (Plan)	$83,839
PRUDENTIAL RETIREMENT INSURANCE AND10+ years Filed as: PRUDENTIAL INSURANCE CO. Service code 27 · EIN 22-1211670	Advisory (Plan)	$40,448
MID ATLANTIC CAPITAL CORPORATION10+ years Service code 33 · EIN 25-1409618	Securities brokerage commissions and ...	$0
NATIONAL FINANCIAL SERVICES10+ years Service code 33 · EIN 04-3523567	Securities brokerage commissions and ...	$0

Plan features & details

Pension benefit codes2F2G2J2K2S2T3D3H

Plan features

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.
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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

3 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$1.0M

$116 / participant

Recordkeeping$788K78.4%
Investment mgmt$217K21.6%

% of EOY assets

0.216%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: CROWE LLP
Auditor EIN: 350921680
Audit fees: (not subdivided)
Opinion code: Unqualified

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$40,716

$96,188-57.7%

$75,972-46.4%

$99,062-58.9%

Participation rate

99.2%

72.7%+26.4pp

69.1%+30.1pp

71.6%+27.5pp

Annual return

12.16%

16.48%-4.3pp

359.55%-347.4pp

17.66%-5.5pp

Employer contribution / active EE

$1,447

$3,167-54.3%

$2,685-46.1%

$3,262-55.6%

Participant deferral / active EE

$3,677

$4,842-24.1%

$4,255-13.6%

$5,331-31.0%

Admin fee / account holder

$88

$87+0.9%

$6,467-98.6%

$109-19.2%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS10+ years

Service code 12 · EIN 13-3689044

Direct payment from the plan; Claims ...

$788,088

LOCKTON INVESTMENT ADVISORS, LLC4 years

Filed as: LOCKTON INVESTMENT ADVISORS LLC

Service code 27 · EIN 20-8874282

Advisory (Plan)

$93,000

PRUDENTIAL RETIREMENT INSURANCE AND10+ years

Filed as: PRUDENTIAL TRUST CO.

Service code 27 · EIN 23-6994310

Advisory (Plan)

$83,839

PRUDENTIAL RETIREMENT INSURANCE AND10+ years

Filed as: PRUDENTIAL INSURANCE CO.

Service code 27 · EIN 22-1211670

Advisory (Plan)

$40,448

MID ATLANTIC CAPITAL CORPORATION10+ years

Service code 33 · EIN 25-1409618

Securities brokerage commissions and ...

NATIONAL FINANCIAL SERVICES10+ years

Service code 33 · EIN 04-3523567

Securities brokerage commissions and ...

SCHENKER, INC. 401(K) SAVINGS AND INVESTMENT PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SCHENKER, INC. 401(K) SAVINGS AND INVESTMENT PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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