Retirement plan

ILLINOIS SCHOOL BUS CO., INC. MONEY PURCHASE PENSION PLAN & TRUST

Name: ILLINOIS SCHOOL BUS CO., INC. - ILLINOIS SCHOOL BUS CO., INC. MONEY PURCHASE PENSION PLAN & TRUST (2024) Form 5500
Creator: ILLINOIS SCHOOL BUS CO., INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ILLINOIS SCHOOL BUS CO., INC. MONEY PURCHASE PENSION PLAN & TRUST, ILLINOIS SCHOOL BUS CO., INC.

ILLINOIS SCHOOL BUS CO., INC.EIN 36-2369627Plan #001PY 2024

2100 CLEARWATER DRIVE, SUITE 250 - OAK BROOK, IL 60523708-289-4545cookillinois.comLinkedIn11-50 employeestransportation/trucking/railroad

Prospect flagsLow returnsLow participant contribution

How to read this page

Total assets (EOY)

$2.3M

+13.9% from 2023

Total participants

157

+27.6% from 2023

Average account balance

$18,218

+1.5% from 2023

Annual return

9.67%

-4.06 pp from 2023

Benchmarks

See 1,231 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants100-249

Cohort1,231 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.33M

Not enough data

1 years with asset history on file

Average account balance

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

$18K

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.

128

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.

75.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$221K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+9.67%

Not enough data

1 years with return on file

Admin fee / account holder

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

$200

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 2 by compensation

Provider	Service type	Compensation
JOHN HANCOCK LIFE INSURANCE COMPANY6 years Filed as: JOHN HANCOCK LIFE INSURANCE CO Service code 15 · EIN 01-0233346	Recordkeeping	$17,449
MERRILL LYNCH PIERCE FENNER & SMITH6 years Filed as: MERRILL LYNCH Service code 26 · EIN 13-5674085	Advisory (Participants)	$8,141

Plan features & details

Pension benefit codes2C2F2G2K2T3D3H

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit 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.
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.
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

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$26K

$221 / participant

Investment mgmt$8K31.8%
Contract admin$17K68.2%

% of EOY assets

1.097%

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: SMITH & HOWARD, PC
Auditor EIN: 581250486
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$18,218

$54,558-66.6%

$76,051-76.0%

$74,400-75.5%

Participation rate

75.0%

60.3%+14.7pp

69.1%+5.9pp

67.2%+7.8pp

Annual return

9.67%

31.83%-22.2pp

360.42%-350.7pp

1367.51%-1357.8pp

Employer contribution / active EE

$1,732

$1,778-2.6%

$2,690-35.6%

$2,624-34.0%

Participant deferral / active EE

$177

$3,065-94.2%

$4,257-95.8%

$4,348-95.9%

Admin fee / account holder

$200

$2,232-91.0%

$6,416-96.9%

$1,944-89.7%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY6 years

Filed as: JOHN HANCOCK LIFE INSURANCE CO

Service code 15 · EIN 01-0233346

Recordkeeping

$17,449

MERRILL LYNCH PIERCE FENNER & SMITH6 years

Filed as: MERRILL LYNCH

Service code 26 · EIN 13-5674085

Advisory (Participants)

$8,141

ILLINOIS SCHOOL BUS CO., INC. MONEY PURCHASE PENSION PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ILLINOIS SCHOOL BUS CO., INC. MONEY PURCHASE PENSION PLAN & TRUST

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