Retirement plan

BUDD VAN LINES, INC. SAVINGS AND RETIREMENT PLAN

Name: BUDD VAN LINES, INC. - BUDD VAN LINES, INC. SAVINGS AND RETIREMENT PLAN (2023) Form 5500
Creator: BUDD VAN LINES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BUDD VAN LINES, INC. SAVINGS AND RETIREMENT PLAN, BUDD VAN LINES, INC.

BUDD VAN LINES, INC.EIN 22-2068529Plan #001PY 2023

24 SCHOOLHOUSE ROAD - SOMERSET, NJ 08875732-627-0600buddvanlines.comLinkedIn201-500 employeestransportation/trucking/railroad

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$8.7M

+12.8% from 2022

Total participants

271

-3.9% from 2022

Average account balance

$54,947

+18.6% from 2022

Annual return

17.18%

+35.15 pp from 2022

Benchmarks

See 240 peers

Peer group

Industry49 - Transportation and Warehousing

Plan typeDefined contribution

Participants100-249

Cohort240 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.98M

Not enough data

1 years with asset history on file

Average account balance

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

$64K

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.

155

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.

51.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$462K

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

+14.87%

Not enough data

1 years with return on file

Admin fee / account holder

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

$115

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 1 by compensation

Provider	Service type	Compensation
CMC ADVISORS, INC.9+ years Filed as: CMC ADVISORS Service code 27 75 BROAD STREET · NEW YORK, NY 10004	Advisory (Plan)	$11,613

Plan features & details

Pension benefit codes2E2F2G2J2K2S3D

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.
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

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

$16K

$81 / participant

Recordkeeping$5K28.2%
Investment mgmt$12K71.8%

% of EOY assets

0.186%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SAX LLP
Auditor EIN: 812950760
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$54,947

$27,826+97.5%

$65,566-16.2%

$71,511-23.2%

Participation rate

43.5%

57.6%-14.1pp

64.9%-21.4pp

67.9%-24.4pp

Annual return

17.18%

41.56%-24.4pp

47.40%-30.2pp

28.86%-11.7pp

Employer contribution / active EE

$1,405-100.0%

$1,692-100.0%

$2,589-100.0%

Participant deferral / active EE

$2,427

$1,861+30.4%

$2,832-14.3%

$4,291-43.4%

Admin fee / account holder

$102

$3,850-97.3%

$4,114-97.5%

$1,588-93.6%

Provider

Service type

Compensation

CMC ADVISORS, INC.9+ years

Filed as: CMC ADVISORS

Service code 27

75 BROAD STREET · NEW YORK, NY 10004

Advisory (Plan)

$11,613

BUDD VAN LINES, INC. SAVINGS AND RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BUDD VAN LINES, INC. SAVINGS AND RETIREMENT 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