Retirement plan

TRI-NATIONAL 401(K) PLAN

Name: TRI-NATIONAL, INC. - TRI-NATIONAL 401(K) PLAN (2023) Form 5500
Creator: TRI-NATIONAL, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TRI-NATIONAL 401(K) PLAN, TRI-NATIONAL, INC.

TRI-NATIONAL, INC.EIN 20-1222154Plan #001PY 2023

2040 LITTLE HILLS EXPRESSWAY - ST. CHARLES, MO 63301314-739-5134tri-nat.comLinkedIn501-1000 employeestransportation/trucking/railroad

Prospect flagsLow participationLow assets / participantLow participant contributionLow fidelity bondFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$9.7M

+28.3% from 2022

Total participants

1,401

+16.8% from 2022

Average account balance

$11,705

-0.7% from 2022

Annual return

19.89%

+36.94 pp from 2022

Benchmarks

See 268 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants1,000-4,999

Cohort268 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.20M

Not enough data

1 years with asset history on file

Average account balance

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

$14K

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.

1,405

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.

0.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.01M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+14.07%

Not enough data

1 years with return on file

Admin fee / account holder

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

$94

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
MORGAN STANLEY SMITH BARNEY7 years Filed as: MORGAN STANLEY WEALTH MANAGEMENT Service code 49 · EIN 26-4310632 14805 NORTH OUTER FORTY RD, STE 200 · CHESTERFIELD, MO 63017	Other Services	$40,985
MASTER BENEFIT GROUP, INC.7 years Service code 49 · EIN 43-1585882 11166 TESSON FERRY ROAD, SUITE 205 · ST. LOUIS, MO 631236966	Other Services	$20,913
AMERICAN FUNDS1 year Filed as: CAPITAL RESEARCH AND MANAGEMENT CO. Service code 60	Sub-TA Fees	$8,197
AMERICAN FUNDS2 years Filed as: CAPITAL RESEARCH AND MANAGEMENT CO Service code 60 · EIN 95-1411037 3500 WISEMAN BLVD. · SAN ANTONIO, TX 782514321	Sub-TA Fees	$5,100

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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.
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

6 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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

$44K

$40 / participant

Contract admin$22K49.4%
Other / not subdivided$22K50.6%

% of EOY assets

0.457%

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: CONNER ASH PC
Auditor EIN: 431012822
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$11,705

$70,115-83.3%

$70,565-83.4%

$80,169-85.4%

Participation rate

47.9%

71.7%-23.7pp

68.4%-20.4pp

72.9%-25.0pp

Annual return

19.89%

134.51%-114.6pp

32.79%-12.9pp

40.39%-20.5pp

Employer contribution / active EE

$508

$3,021-83.2%

$2,976-82.9%

$2,978-83.0%

Participant deferral / active EE

$1,328

$4,495-70.5%

$4,568-70.9%

$5,016-73.5%

Admin fee / account holder

$53

$112-52.4%

$6,430-99.2%

$145-63.1%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY7 years

Filed as: MORGAN STANLEY WEALTH MANAGEMENT

Service code 49 · EIN 26-4310632

14805 NORTH OUTER FORTY RD, STE 200 · CHESTERFIELD, MO 63017

Other Services

$40,985

MASTER BENEFIT GROUP, INC.7 years

Service code 49 · EIN 43-1585882

11166 TESSON FERRY ROAD, SUITE 205 · ST. LOUIS, MO 631236966

Other Services

$20,913

AMERICAN FUNDS1 year

Filed as: CAPITAL RESEARCH AND MANAGEMENT CO.

Service code 60

Sub-TA Fees

$8,197

AMERICAN FUNDS2 years

Filed as: CAPITAL RESEARCH AND MANAGEMENT CO

Service code 60 · EIN 95-1411037

3500 WISEMAN BLVD. · SAN ANTONIO, TX 782514321

Sub-TA Fees

$5,100

TRI-NATIONAL 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TRI-NATIONAL 401(K) 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