Retirement plan

GIBCO MOTOR EXPRESS 401(K) RETIREMENT SAVINGS PLAN

Name: GIBCO MOTOR EXPRESS - GIBCO MOTOR EXPRESS 401(K) RETIREMENT SAVINGS PLAN (2015) Form 5500
Creator: GIBCO MOTOR EXPRESS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GIBCO MOTOR EXPRESS 401(K) RETIREMENT SAVINGS PLAN, GIBCO MOTOR EXPRESS

GIBCO MOTOR EXPRESSEIN 35-2078446Plan #001PY 2015

P.O. BOX 8158 - EVANSVILLE, IN 47716812-759-2360gibcomotorexpress.comLinkedIn201-500 employeestransportation/trucking/railroad

Prospect flagsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$2.9M

No prior year

Total participants

101

No prior year

Average account balance

$29,819

No prior year

Annual return

-1.53%

No prior year

Benchmarks

See 3,171 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants25-99

Cohort3,171 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.26M

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.

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.

83.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$136K

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

+9.54%

Not enough data

1 years with return on file

Admin fee / account holder

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

$12520

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

Top 3 by compensation

Provider	Service type	Compensation
UNIFIED TRUST COMPANY, N.A.1+ years Service code 10 · EIN 61-1256314	Accounting	$22,107
PAYNE & SMITH, LLC1+ years Filed as: PAYNE WEALTH PARTNERS, INC. Service code 27 7144 E. VIRGINIA ST. · EVANSVILLE, IN 47715	Advisory (Plan)	$11,749
HARDING, SHYMANSKI & COMPANY, PSC1+ years Filed as: HARDING, SHYMANSKI & CO. Service code 10 · EIN 35-1346211 P.O. BOX 3677 · EVANSVILLE, IN 477353677	Accounting	$11,150

Plan features & details

Pension benefit codes3D3H2J2G2S2E2K2F2T

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.
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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$45K

$672 / participant

Investment mgmt$12K26.1%
Contract admin$22K49.1%
Other / not subdivided$11K24.8%

% of EOY assets

1.572%

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: HARDING, SHYMANSKI & COMPANY
Auditor EIN: 351346211
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$29,819

$44,850-33.5%

$60,547-50.8%

$59,633-50.0%

Participation rate

92.5%

59.5%+33.1pp

68.0%+24.6pp

68.7%+23.9pp

Annual return

-1.53%

1074.14%-1075.7pp

335.64%-337.2pp

2041.45%-2043.0pp

Employer contribution / active EE

$790

$1,462-45.9%

$2,419-67.3%

$2,203-64.1%

Participant deferral / active EE

$2,238

$2,230+0.4%

$3,328-32.7%

$3,192-29.9%

Admin fee / account holder

$469

$3,635-87.1%

$4,536-89.7%

$4,297-89.1%

Provider

Service type

Compensation

UNIFIED TRUST COMPANY, N.A.1+ years

Service code 10 · EIN 61-1256314

Accounting

$22,107

PAYNE & SMITH, LLC1+ years

Filed as: PAYNE WEALTH PARTNERS, INC.

Service code 27

7144 E. VIRGINIA ST. · EVANSVILLE, IN 47715

Advisory (Plan)

$11,749

HARDING, SHYMANSKI & COMPANY, PSC1+ years

Filed as: HARDING, SHYMANSKI & CO.

Service code 10 · EIN 35-1346211

P.O. BOX 3677 · EVANSVILLE, IN 477353677

Accounting

$11,150

GIBCO MOTOR EXPRESS 401(K) RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GIBCO MOTOR EXPRESS 401(K) RETIREMENT SAVINGS 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