Retirement plan

KNIGHT-SWIFT TRANSPORTATION HOLDINGS, INC. RETIREMENT PLAN

Name: KNIGHT-SWIFT TRANSPORTATION HOLDINGS, INC. - KNIGHT-SWIFT TRANSPORTATION HOLDINGS, INC. RETIREMENT PLAN (2020) Form 5500
Creator: KNIGHT-SWIFT TRANSPORTATION HOLDINGS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KNIGHT-SWIFT TRANSPORTATION HOLDINGS, INC. RETIREMENT PLAN, KNIGHT-SWIFT TRANSPORTATION HOLDINGS, INC.

KNIGHT-SWIFT TRANSPORTATION HOLDINGS, INC.EIN 20-5589597Plan #003PY 2020

2200 S 75TH AVE - PHOENIX, AZ 850437410800-800-2200knight-swift.comLinkedIn10001+ employeeslogistics and supply chain

Prospect flagsLow participationLow assets / participantFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed May 28, 2009

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$361.9M

+17.8% from 2019

Total participants

21,521

-16.5% from 2019

Average account balance

$28,780

-27.3% from 2019

Annual return

18.79%

-32.66 pp from 2019

Benchmarks

See 43 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants>=10,000

Cohort43 peers

Snapshot2020

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Analytics

Total assets (EOY)

Plan-year ending balance

$1.02B

Not enough data

1 years with asset history on file

Average account balance

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

$34K

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.

30,327

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.

80.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$111.85M

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

+31.30%

Not enough data

1 years with return on file

Admin fee / account holder

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

$64

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 5 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY6+ years Service code 13 · EIN 42-0127290	Contract Administrator	$558,782
PIETZSCH, BONNETT & WOMACK, P.A.2 years Service code 29 · EIN 81-0574082	Legal	$133,612
LPL FINANCIAL1 year Filed as: LPL FINANCIAL - ATTN L. STEPHENSON Service code 16 · EIN 95-2834236	Consulting	$75,000
CLIFTONLARSONALLEN LLP2 years Service code 10 · EIN 41-0746749	Accounting	$12,600
MORNINGSTAR5 years Filed as: MORNINGSTAR INVESTMENT MGMT LLC Service code 26 · EIN 36-4317381	Advisory (Participants)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3H

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.
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.
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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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

$440K

$23 / participant

Contract admin$440K100.0%

% of EOY assets

0.122%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: CLIFTONLARSENALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$28,780

$123,048-76.6%

$81,983-64.9%

$106,222-72.9%

Participation rate

53.4%

65.1%-11.7pp

69.2%-15.9pp

70.8%-17.4pp

Annual return

18.79%

14.83%+4.0pp

41.31%-22.5pp

21.69%-2.9pp

Employer contribution / active EE

$610

$3,893-84.3%

$2,498-75.6%

$2,723-77.6%

Participant deferral / active EE

$1,527

$4,168-63.4%

$3,722-59.0%

$4,600-66.8%

Admin fee / account holder

$35

$116-69.9%

$5,664-99.4%

$78-55.4%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY6+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$558,782

PIETZSCH, BONNETT & WOMACK, P.A.2 years

Service code 29 · EIN 81-0574082

Legal

$133,612

LPL FINANCIAL1 year

Filed as: LPL FINANCIAL - ATTN L. STEPHENSON

Service code 16 · EIN 95-2834236

Consulting

$75,000

CLIFTONLARSONALLEN LLP2 years

Service code 10 · EIN 41-0746749

Accounting

$12,600

MORNINGSTAR5 years

Filed as: MORNINGSTAR INVESTMENT MGMT LLC

Service code 26 · EIN 36-4317381

Advisory (Participants)

KNIGHT-SWIFT TRANSPORTATION HOLDINGS, INC. RETIREMENT PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KNIGHT-SWIFT TRANSPORTATION HOLDINGS, INC. RETIREMENT PLAN

Top hat statement on fileNQDC

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