Retirement plan

BULK/ALBANY/SPUR 401K PLAN

Name: BULK TRANSIT CORPORATION - BULK/ALBANY/SPUR 401K PLAN (2020) Form 5500
Creator: BULK TRANSIT CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BULK/ALBANY/SPUR 401K PLAN, BULK TRANSIT CORPORATION

BULK TRANSIT CORPORATIONEIN 31-1314380Plan #001PY 2020

7177 INDUSTRIAL PKWY - PLAIN CITY, OH 430648728614-873-4632bulktransit.comLinkedIn201-500 employeestransportation/trucking/railroad

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$8.4M

+5.9% from 2019

Total participants

206

+1.5% from 2019

Average account balance

$71,725

+5.0% from 2019

Annual return

16.46%

-3.76 pp from 2019

Benchmarks

See 1,062 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants100-249

Cohort1,062 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.68M

Not enough data

1 years with asset history on file

Average account balance

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

$65K

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.

118

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.

48.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$826K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+13.18%

Not enough data

1 years with return on file

Admin fee / account holder

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

$433

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
THE SIEKMANN COMPANY6+ years Service code 10 · EIN 31-0995736 9000 MEMORIAL DR · PLAIN CITY, OH 43064	Accounting	$23,592
PW PARTNERS1 year Filed as: PW PARTNERS, LLC Service code 10 · EIN 83-3323563 501 MORRISON RD · GAHANNA, OH 43230	Accounting	$5,900
JOHN HANCOCK LIFE INSURANCE COMPANY6+ years Filed as: JOHN HANCOCK LIFE INSURANCE CO Service code 15 · EIN 01-0233346 PO BOX 600 · BUFFALO, NY 142010600	Recordkeeping	$1,320

Plan features & details

Pension benefit codes2E2G2J2K2F2T3D

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.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$64K

$342 / participant

Investment mgmt$21K32.2%
Contract admin$41K63.0%
Other / not subdivided$3K4.9%

% of EOY assets

0.767%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

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: PW PARTNERS LLC
Auditor EIN: 833323563
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$71,725

$55,636+28.9%

$81,988-12.5%

$73,493-2.4%

Participation rate

52.7%

62.3%-9.6pp

69.3%-16.6pp

70.7%-18.0pp

Annual return

16.46%

19.07%-2.6pp

41.31%-24.9pp

28.51%-12.1pp

Employer contribution / active EE

$847

$1,625-47.9%

$2,498-66.1%

$2,270-62.7%

Participant deferral / active EE

$1,896

$2,762-31.3%

$3,722-49.1%

$3,740-49.3%

Admin fee / account holder

$550

$493+11.6%

$5,665-90.3%

$513+7.2%

Provider

Service type

Compensation

THE SIEKMANN COMPANY6+ years

Service code 10 · EIN 31-0995736

9000 MEMORIAL DR · PLAIN CITY, OH 43064

Accounting

$23,592

PW PARTNERS1 year

Filed as: PW PARTNERS, LLC

Service code 10 · EIN 83-3323563

501 MORRISON RD · GAHANNA, OH 43230

Accounting

$5,900

JOHN HANCOCK LIFE INSURANCE COMPANY6+ years

Filed as: JOHN HANCOCK LIFE INSURANCE CO

Service code 15 · EIN 01-0233346

PO BOX 600 · BUFFALO, NY 142010600

Recordkeeping

$1,320

BULK/ALBANY/SPUR 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BULK/ALBANY/SPUR 401K 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