Retirement plan

DAYBREAK EXPRESS, INC. 401(K) PROFIT SHARING PLAN

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

DAYBREAK EXPRESS, INC.EIN 22-2456676Plan #003PY 2015

500 AVENUE P - NEWARK, NJ 07105973-589-5931daybreakexpress.comLinkedIn51-200 employeeslogistics and supply chain

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$2.1M

No prior year

Total participants

153

No prior year

Average account balance

$60,896

No prior year

Annual return

0.14%

No prior year

Benchmarks

See 938 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants100-249

Cohort938 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.34M

Not enough data

1 years with asset history on file

Average account balance

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

$88K

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.

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.

34.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$587K

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

+9.61%

Not enough data

1 years with return on file

Admin fee / account holder

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

$7889

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

0 years with F_SCH_H allocation on file

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
NATIONWIDE1+ years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$13,430
PREFERRED PENSION PLANNING1+ years Filed as: PREFERRED PENSION PLANNING CORP Service code 15 99 ROUTE 22 WEST · BRIDGEWATER, NJ 08807	Recordkeeping	$2,762
THE INVESTMENT CENTER INC1+ years Filed as: THE INVESTMENT CENTER Service code 27 1420 ROUTE 206 NORTH · BEDMINSTER, NJ 07921	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$60,896

$46,745+30.3%

$60,547+0.6%

$52,331+16.4%

Participation rate

21.3%

58.6%-37.2pp

68.0%-46.6pp

68.1%-46.8pp

Annual return

0.14%

0.61%-0.5pp

335.64%-335.5pp

4.54%-4.4pp

Employer contribution / active EE

$1,259-100.0%

$2,419-100.0%

$1,882-100.0%

Participant deferral / active EE

$830

$2,145-61.3%

$3,328-75.1%

$3,022-72.5%

Admin fee / account holder

$537-100.0%

$4,536-100.0%

$592-100.0%

Provider

Service type

Compensation

NATIONWIDE1+ years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$13,430

PREFERRED PENSION PLANNING1+ years

Filed as: PREFERRED PENSION PLANNING CORP

Service code 15

99 ROUTE 22 WEST · BRIDGEWATER, NJ 08807

Recordkeeping

$2,762

THE INVESTMENT CENTER INC1+ years

Filed as: THE INVESTMENT CENTER

Service code 27

1420 ROUTE 206 NORTH · BEDMINSTER, NJ 07921

Advisory (Plan)

DAYBREAK EXPRESS, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

DAYBREAK EXPRESS, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion