Retirement plan

EMPLOYEE BENEFIT PLAN OF STEUBENVILLE TRUCK CENTER, INC.

Name: STEUBENVILLE TRUCK CENTER, INC. - EMPLOYEE BENEFIT PLAN OF STEUBENVILLE TRUCK CENTER, INC. (2020) Form 5500
Creator: STEUBENVILLE TRUCK CENTER, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF STEUBENVILLE TRUCK CENTER, INC., STEUBENVILLE TRUCK CENTER, INC.

STEUBENVILLE TRUCK CENTER, INC.EIN 34-0749029Plan #001PY 2020

620 SOUTH ST - STEUBENVILLE, OH 439522802740-282-2711steubenvilletruckcenter.comLinkedIn11-50 employeestransportation/trucking/railroad

Prospect flagsLow returnsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$1.8M

+11.7% from 2019

Total participants

-8.1% from 2019

Average account balance

$53,859

+8.3% from 2019

Annual return

9.52%

-6.73 pp from 2019

Benchmarks

See 9,300 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort9,300 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$188K

Not enough data

1 years with asset history on file

Average account balance

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

$14K

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.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+10.78%

Not enough data

1 years with return on file

Admin fee / account holder

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

$587

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 codes2F2G2S2T

Plan features

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.

Opportunity flags

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$51K

$1502 / participant

Other / not subdivided$51K100.0%

% of EOY assets

2.874%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

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

$53,859

$65,034-17.2%

$90,970-40.8%

$79,856-32.6%

Participation rate

97.1%

61.6%+35.4pp

69.0%+28.0pp

69.6%+27.4pp

Annual return

9.52%

30.45%-20.9pp

134.60%-125.1pp

31.71%-22.2pp

Employer contribution / active EE

$845

$1,247-32.2%

$2,122-60.2%

$2,471-65.8%

Participant deferral / active EE

$1,669

$2,512-33.6%

$3,373-50.5%

$3,741-55.4%

Admin fee / account holder

$1,548

$4,536-65.9%

$5,961-74.0%

$5,306-70.8%

EMPLOYEE BENEFIT PLAN OF STEUBENVILLE TRUCK CENTER, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF STEUBENVILLE TRUCK CENTER, INC.

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