Retirement plan

NETWORK CARGO MANAGEMENT CORP 401(K) PLAN

Name: NETWORK CARGO MANAGEMENT CORP - NETWORK CARGO MANAGEMENT CORP 401(K) PLAN (2024) Form 5500
Creator: NETWORK CARGO MANAGEMENT CORP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NETWORK CARGO MANAGEMENT CORP 401(K) PLAN, NETWORK CARGO MANAGEMENT CORP

NETWORK CARGO MANAGEMENT CORPEIN 27-4639863Plan #001PY 2024

6355 N.W. 36TH STREET, SUITE 308 - MIAMI, FL 33166305-938-0620LinkedIn11-50 employeesairlines/aviation

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$788K

+27.7% from 2023

Total participants

+9.5% from 2023

Average account balance

$43,770

+6.4% from 2023

Annual return

9.79%

-3.06 pp from 2023

Benchmarks

See 9,752 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants<25

Cohort9,752 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$788K

Not enough data

1 years with asset history on file

Average account balance

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

$44K

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.

120.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$111K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+9.79%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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.

Opportunity flags

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$43,770

$90,489-51.6%

$76,051-42.4%

$145,978-70.0%

Participation rate

66.7%

74.5%-7.8pp

69.1%-2.4pp

80.3%-13.6pp

Annual return

9.79%

622.78%-613.0pp

360.42%-350.6pp

550.52%-540.7pp

Employer contribution / active EE

$3,180

$3,319-4.2%

$2,690+18.2%

$4,662-31.8%

Participant deferral / active EE

$4,191

$5,164-18.8%

$4,257-1.6%

$6,690-37.3%

Admin fee / account holder

$8,374-100.0%

$6,416-100.0%

$13,400-100.0%

NETWORK CARGO MANAGEMENT CORP 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

NETWORK CARGO MANAGEMENT CORP 401(K) 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