Retirement plan

SYSTEM FREIGHT INC. 401(K) PROFIT SHARING PLAN

Name: SYSTEM FREIGHT, INC. - SYSTEM FREIGHT INC. 401(K) PROFIT SHARING PLAN (2015) Form 5500
Creator: SYSTEM FREIGHT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SYSTEM FREIGHT INC. 401(K) PROFIT SHARING PLAN, SYSTEM FREIGHT, INC.

SYSTEM FREIGHT, INC.EIN 22-2063135Plan #001PY 2015

7 CENTRE DRIVE SUITE 5 - JAMESBURG, NJ 088311565609-395-8600systemfreight.netLinkedIn201-500 employees

Prospect flagsHigh cashLow assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$4M

No prior year

Total participants

324

No prior year

Average account balance

$12,811

No prior year

Annual return

-0.85%

No prior year

Benchmarks

See 599 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants250-999

Cohort599 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$15.16M

Not enough data

1 years with asset history on file

Average account balance

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

$31K

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.

488

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.

94.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.49M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+10.46%

Not enough data

1 years with return on file

Admin fee / account holder

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

$205

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
CHERNOFF DIAMOND & CO., LLC1+ years Service code 15 · EIN 11-2836994	Recordkeeping	$33,068
CHARLES SCHWAB & CO., INC.1+ years Filed as: CHARLES SCHWAB TRUST COMPANY Service code 19 · EIN 94-1737782	Securities Custodian	$2,952

Plan features & details

Pension benefit codes2E2G2J2F3D

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.
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.

Opportunity flags

3 tripped

OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$27K

$94 / participant

Contract admin$27K100.0%

% of EOY assets

0.683%

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: COHNREZNICK LLP
Auditor EIN: 221478099
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$12,811

$39,458-67.5%

$60,547-78.8%

$55,191-76.8%

Participation rate

96.2%

59.6%+36.6pp

68.0%+28.3pp

69.2%+27.1pp

Annual return

-0.85%

3.35%-4.2pp

335.64%-336.5pp

10.78%-11.6pp

Employer contribution / active EE

$688

$1,210-43.2%

$2,419-71.6%

$1,899-63.8%

Participant deferral / active EE

$1,975

$2,140-7.7%

$3,328-40.6%

$3,046-35.2%

Admin fee / account holder

$88

$95-8.0%

$4,536-98.1%

$91-3.6%

Provider

Service type

Compensation

CHERNOFF DIAMOND & CO., LLC1+ years

Service code 15 · EIN 11-2836994

Recordkeeping

$33,068

CHARLES SCHWAB & CO., INC.1+ years

Filed as: CHARLES SCHWAB TRUST COMPANY

Service code 19 · EIN 94-1737782

Securities Custodian

$2,952

SYSTEM FREIGHT INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SYSTEM FREIGHT 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