Retirement plan

SPEED MOTOR EXPRESS OF W.N.Y., INC. 401(K) PROFIT SHARING PLAN

Name: SPEED MOTOR EXPRESS OF W.N.Y, INC. - SPEED MOTOR EXPRESS OF W.N.Y., INC. 401(K) PROFIT SHARING PLAN (2017) Form 5500
Creator: SPEED MOTOR EXPRESS OF W.N.Y, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SPEED MOTOR EXPRESS OF W.N.Y., INC. 401(K) PROFIT SHARING PLAN, SPEED MOTOR EXPRESS OF W.N.Y, INC.

SPEED MOTOR EXPRESS OF W.N.Y, INC.EIN 16-1092772Plan #001PY 2017

2299 KENMORE AVENUE - BUFFALO, NY 14207716-876-2235LinkedIn51-200 employeespackage/freight delivery

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$7.8M

+20.4% from 2016

Total participants

127

+3.3% from 2016

Average account balance

$97,739

+23.4% from 2016

Annual return

18.00%

+10.49 pp from 2016

Benchmarks

See 1,029 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants100-249

Cohort1,029 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.84M

Not enough data

1 years with asset history on file

Average account balance

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

$70K

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.

127

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.

49.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$709K

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

+14.06%

Not enough data

1 years with return on file

Admin fee / account holder

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

$85

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 2 by compensation

Provider	Service type	Compensation
MORNINGSTAR1 year Filed as: MORNINGSTAR INVESTMT MANAGEMENT LLC Service code 26 · EIN 36-4317381	Advisory (Participants)	$1,074
VOYA RETIREMENT INSURANCE & ANNUITY2 years Filed as: VOYA RETIREMENT INS & ANNUITY CO Service code 26 · EIN 72-0294708	Advisory (Participants)	$1,074

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

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

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$4K

$43 / participant

Investment mgmt$4K100.0%

% of EOY assets

0.056%

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: DANSA D'ARATA SOUCIA LLP
Auditor EIN: 161382528
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$97,739

$46,297+111.1%

$71,671+36.4%

$62,293+56.9%

Participation rate

53.9%

60.6%-6.7pp

68.7%-14.8pp

69.5%-15.6pp

Annual return

18.00%

22.32%-4.3pp

20.65%-2.6pp

28.90%-10.9pp

Employer contribution / active EE

$1,239

$1,412-12.2%

$2,460-49.6%

$2,042-39.3%

Participant deferral / active EE

$2,305

$2,235+3.1%

$3,438-32.9%

$3,169-27.3%

Admin fee / account holder

$55

$461-88.1%

$5,558-99.0%

$479-88.5%

Provider

Service type

Compensation

MORNINGSTAR1 year

Filed as: MORNINGSTAR INVESTMT MANAGEMENT LLC

Service code 26 · EIN 36-4317381

Advisory (Participants)

$1,074

VOYA RETIREMENT INSURANCE & ANNUITY2 years

Filed as: VOYA RETIREMENT INS & ANNUITY CO

Service code 26 · EIN 72-0294708

Advisory (Participants)

$1,074

SPEED MOTOR EXPRESS OF W.N.Y., INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SPEED MOTOR EXPRESS OF W.N.Y., INC. 401(K) PROFIT SHARING PLAN

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