Retirement plan

THE CUSTOM COMPANIES RETIREMENT SAVINGS PLAN

Name: THE CUSTOM COMPANIES, INC. - THE CUSTOM COMPANIES RETIREMENT SAVINGS PLAN (2024) Form 5500
Creator: THE CUSTOM COMPANIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE CUSTOM COMPANIES RETIREMENT SAVINGS PLAN, THE CUSTOM COMPANIES, INC.

THE CUSTOM COMPANIES, INC.EIN 36-3420142Plan #001PY 2024

135 NORTH RAILROAD AVE. - NORTHLAKE, IL 60164708-338-5219customco.comLinkedIn201-500 employeestransportation/trucking/railroad

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$16.4M

+13.5% from 2023

Total participants

439

+3.1% from 2023

Average account balance

$83,942

+14.7% from 2023

Annual return

13.68%

-2.09 pp from 2023

Benchmarks

See 679 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants250-999

Cohort679 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$16.37M

Not enough data

1 years with asset history on file

Average account balance

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

$84K

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.

195

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.

35.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$977K

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

+13.68%

Not enough data

1 years with return on file

Admin fee / account holder

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

$316

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
LPL FINANCIAL10+ years Filed as: LPL FINANCIAL, LLC Service code 27 · EIN 95-2834236 PO BOX 509026 · SAN DIEGO, CA 921509026	Advisory (Plan)	$44,051
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 · EIN 84-0467907 8515 EAST ORCHARD ROAD · GRENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$12,740
RETIREMENT SOLUTION GROUP10+ years Filed as: RETIREMENT SOLUTION GROUP, LLC Service code 13 · EIN 20-2668095 25 MARKET STREET · PORTSMOUTH, NH 03801	Contract Administrator	$9,945

Plan features & details

Pension benefit codes2E2F2G2J2K3D3H

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.
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 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

$62K

$162 / participant

Contract admin$62K100.0%

% of EOY assets

0.377%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PLANTE & MORAN, PLLC
Auditor EIN: 331498605
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$83,942

$55,458+51.4%

$76,030+10.4%

$77,762+7.9%

Participation rate

35.8%

63.6%-27.8pp

69.1%-33.3pp

70.6%-34.8pp

Annual return

13.68%

17.10%-3.4pp

361.54%-347.9pp

31.27%-17.6pp

Employer contribution / active EE

$500

$1,792-72.1%

$2,688-81.4%

$2,728-81.7%

Participant deferral / active EE

$2,070

$3,454-40.1%

$4,257-51.4%

$4,651-55.5%

Admin fee / account holder

$316

$411-23.0%

$6,421-95.1%

$433-26.9%

Provider

Service type

Compensation

LPL FINANCIAL10+ years

Filed as: LPL FINANCIAL, LLC

Service code 27 · EIN 95-2834236

PO BOX 509026 · SAN DIEGO, CA 921509026

Advisory (Plan)

$44,051

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64 · EIN 84-0467907

8515 EAST ORCHARD ROAD · GRENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$12,740

RETIREMENT SOLUTION GROUP10+ years

Filed as: RETIREMENT SOLUTION GROUP, LLC

Service code 13 · EIN 20-2668095

25 MARKET STREET · PORTSMOUTH, NH 03801

Contract Administrator

$9,945

THE CUSTOM COMPANIES RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE CUSTOM COMPANIES 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