Retirement plan

STUDENT TRANSPORTATION OF AMERICA, INC. 401K SAVINGS PLAN

Name: STUDENT TRANSPORTATION OF AMERICA, INC. - STUDENT TRANSPORTATION OF AMERICA, INC. 401K SAVINGS PLAN (2022) Form 5500
Creator: STUDENT TRANSPORTATION OF AMERICA, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, STUDENT TRANSPORTATION OF AMERICA, INC. 401K SAVINGS PLAN, STUDENT TRANSPORTATION OF AMERICA, INC.

STUDENT TRANSPORTATION OF AMERICA, INC.EIN 22-3512226Plan #002PY 2022

3349 HIGHWAY 138 BUILDING A, SUITE C - WALL, NJ 077199671732-894-9625ridestbus.comLinkedIn10001+ employeestransportation/trucking/railroad

Prospect flagsLow participationLow assets / participantLow employer contributionLow participant contributionCorrective distributions

How to read this page

Total assets (EOY)

$36.3M

+15.5% from 2021

Total participants

14,275

+10.7% from 2021

Average account balance

$14,972

-23.5% from 2021

Annual return

22.69%

+11.29 pp from 2021

Benchmarks

See 51 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants>=10,000

Cohort51 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$48.10M

Not enough data

1 years with asset history on file

Average account balance

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

$18K

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.

2,712

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.

16.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$7.19M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$572

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

+12.52%

Not enough data

1 years with return on file

Admin fee / account holder

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

$117

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 6 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INS CO OF AMERICA Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$92,389
EQUITABLE ADVISORS LLC1 year Service code 55 1290 AVENUE OF THE AMERICAS, 16TH F · NEW YORK, NY 10104	Other Commissions	$54,220
THE ANGELL PENSION GROUP, INC.1 year Filed as: THE ANGELL PENSION GROUP, INC Service code 13 88 BOYD AVENUE · EAST PROVIDENCE, RI 02914	Contract Administrator	$50,549
EISNERAMPER LLP1 year Filed as: EISERAMPER, LLP Service code 10 PO BOX 360635 · PITTSBURGH, PA 152516635	Accounting	$15,000
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$2,706
VOYA RETIREMENT INSURANCE & ANNUITY8+ years Filed as: VOYA RETIREMENT AND ANNUITY CO. Service code 64 · EIN 71-0294708 P.O. BOX 990067 · HARTFORD, CT 061990067	Recordkeeping Fees	$0

Plan features & details

Pension benefit codes2E2J2F2G2K2T3D3H

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

5 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 employer contribution
Employer 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.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$161K

$12 / participant

Other / not subdivided$161K100.0%

% of EOY assets

0.442%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CARON & BLETZER, PLLC
Auditor EIN: 043499945
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$14,972

$96,461-84.5%

$68,803-78.2%

$89,433-83.3%

Participation rate

13.2%

64.2%-51.0pp

69.0%-55.8pp

71.3%-58.1pp

Annual return

22.69%

-13.05%+35.7pp

-6.37%+29.1pp

-11.88%+34.6pp

Employer contribution / active EE

$96

$3,671-97.4%

$2,656-96.4%

$3,021-96.8%

Participant deferral / active EE

$342

$4,123-91.7%

$3,942-91.3%

$5,125-93.3%

Admin fee / account holder

$66

$102-35.0%

$4,936-98.7%

$79-16.6%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INS CO OF AMERICA

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$92,389

EQUITABLE ADVISORS LLC1 year

Service code 55

1290 AVENUE OF THE AMERICAS, 16TH F · NEW YORK, NY 10104

Other Commissions

$54,220

THE ANGELL PENSION GROUP, INC.1 year

Filed as: THE ANGELL PENSION GROUP, INC

Service code 13

88 BOYD AVENUE · EAST PROVIDENCE, RI 02914

Contract Administrator

$50,549

EISNERAMPER LLP1 year

Filed as: EISERAMPER, LLP

Service code 10

PO BOX 360635 · PITTSBURGH, PA 152516635

Accounting

$15,000

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$2,706

VOYA RETIREMENT INSURANCE & ANNUITY8+ years

Filed as: VOYA RETIREMENT AND ANNUITY CO.

Service code 64 · EIN 71-0294708

P.O. BOX 990067 · HARTFORD, CT 061990067

Recordkeeping Fees

STUDENT TRANSPORTATION OF AMERICA, INC. 401K SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

STUDENT TRANSPORTATION OF AMERICA, INC. 401K SAVINGS 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