Retirement plan

SODREL TRUCK LINES, INC. 401(K) PROFIT SHARING PLAN

Name: SODREL TRUCK LINES, INC. - SODREL TRUCK LINES, INC. 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: SODREL TRUCK LINES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SODREL TRUCK LINES, INC. 401(K) PROFIT SHARING PLAN, SODREL TRUCK LINES, INC.

SODREL TRUCK LINES, INC.EIN 35-1098231Plan #002PY 2023

ONE SODREL DRIVE - JEFFERSONVILLE, IN 47129812-282-7941sodrellogistics.comLinkedIn501-1000 employeestransportation/trucking/railroad

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$16.5M

+5.2% from 2022

Total participants

687

+11.2% from 2022

Average account balance

$27,696

-23.3% from 2022

Annual return

15.69%

+30.34 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

$15.97M

Not enough data

1 years with asset history on file

Average account balance

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

$43K

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.

371

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.

55.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.11M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+14.32%

Not enough data

1 years with return on file

Admin fee / account holder

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

$148

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
KESTRA INVESTMENT SERVICES LLC7 years Service code 55 · EIN 35-2552359	Other Commissions	$30,738
ASSUREDPARTNERS CAPITAL INC1 year Service code 27 · EIN 45-2712335	Advisory (Plan)	$7,737
FIDELITY INVESTMENTS INSTITUTIONAL9+ years Service code 37 · EIN 04-2647786	Loan Processing	$4,049

Plan features & details

Pension benefit codes2F2E2G2J2T3D

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

0 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$12K

$24 / participant

Recordkeeping$4K34.4%
Investment mgmt$8K65.6%

% of EOY assets

0.072%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CHERRY BEKAERT, LLP
Auditor EIN: 560574444
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$27,696

$49,763-44.3%

$70,565-60.8%

$74,473-62.8%

Participation rate

81.4%

64.6%+16.8pp

68.4%+13.0pp

70.7%+10.7pp

Annual return

15.69%

21.21%-5.5pp

32.79%-17.1pp

34.36%-18.7pp

Employer contribution / active EE

$700

$1,776-60.6%

$2,976-76.5%

$2,638-73.5%

Participant deferral / active EE

$1,710

$3,379-49.4%

$4,568-62.6%

$4,530-62.2%

Admin fee / account holder

$20

$316-93.7%

$6,430-99.7%

$347-94.3%

Provider

Service type

Compensation

KESTRA INVESTMENT SERVICES LLC7 years

Service code 55 · EIN 35-2552359

Other Commissions

$30,738

ASSUREDPARTNERS CAPITAL INC1 year

Service code 27 · EIN 45-2712335

Advisory (Plan)

$7,737

FIDELITY INVESTMENTS INSTITUTIONAL9+ years

Service code 37 · EIN 04-2647786

Loan Processing

$4,049

SODREL TRUCK LINES, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SODREL TRUCK LINES, INC. 401(K) PROFIT SHARING 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