Retirement plan

STAR LEASING COMPANY, LLC 401(K) PLAN

Name: STAR LEASING COMPANY, LLC - STAR LEASING COMPANY, LLC 401(K) PLAN (2023) Form 5500
Creator: STAR LEASING COMPANY, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, STAR LEASING COMPANY, LLC 401(K) PLAN, STAR LEASING COMPANY, LLC

STAR LEASING COMPANY, LLCEIN 31-0854574Plan #002PY 2023

4080 BUSINESS PARK DRIVE - COLUMBUS, OH 432045023614-278-9999

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$25.9M

+4.8% from 2022

Total participants

639

+37.7% from 2022

Average account balance

$41,557

-23.4% from 2022

Annual return

20.65%

+28.12 pp from 2022

Benchmarks

See 664 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants250-999

Cohort664 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$28.80M

Not enough data

1 years with asset history on file

Average account balance

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

$48K

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.

606

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.

92.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.73M

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

+12.73%

Not enough data

1 years with return on file

Admin fee / account holder

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

$145

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 3 by compensation

Provider	Service type	Compensation
JOHN HANCOCK LIFE INSURANCE COMPANY1 year Filed as: JOHN HANCOCK Service code 15 · EIN 01-0233346	Recordkeeping	$91,177
MUTUAL OF AMERCIA LIFE INSURANCE CO1 year Filed as: NORTHWESTEN MUTUAL INVESTMENT SERVI Service code 26 720 EAST WISCONSIN AVE. · MILWAUKEE, WI 53202	Advisory (Participants)	$4,537
COASTAL PENSION SERVICES1 year Filed as: COASTAL PENSION SERVICES, INC. Service code 15 7230 LEE DEFORST DRIVE · COLUMBIA, MD 21046	Recordkeeping	$3,210

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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$99K

$196 / participant

Recordkeeping$3K3.2%
Investment mgmt$5K4.7%
Contract admin$91K92.1%

% of EOY assets

0.382%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: DOEREN MAYHEW
Auditor EIN: 382492570
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$41,557

$49,763-16.5%

$70,565-41.1%

$74,473-44.2%

Participation rate

96.8%

64.6%+32.2pp

68.4%+28.5pp

70.7%+26.1pp

Annual return

20.65%

21.21%-0.6pp

32.79%-12.1pp

34.36%-13.7pp

Employer contribution / active EE

$3,020

$1,776+70.1%

$2,976+1.5%

$2,638+14.5%

Participant deferral / active EE

$3,075

$3,379-9.0%

$4,568-32.7%

$4,530-32.1%

Admin fee / account holder

$159

$316-49.7%

$6,430-97.5%

$347-54.2%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY1 year

Filed as: JOHN HANCOCK

Service code 15 · EIN 01-0233346

Recordkeeping

$91,177

MUTUAL OF AMERCIA LIFE INSURANCE CO1 year

Filed as: NORTHWESTEN MUTUAL INVESTMENT SERVI

Service code 26

720 EAST WISCONSIN AVE. · MILWAUKEE, WI 53202

Advisory (Participants)

$4,537

COASTAL PENSION SERVICES1 year

Filed as: COASTAL PENSION SERVICES, INC.

Service code 15

7230 LEE DEFORST DRIVE · COLUMBIA, MD 21046

Recordkeeping

$3,210

STAR LEASING COMPANY, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

STAR LEASING COMPANY, LLC 401(K) 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