Retirement plan

SMITH SPECIALIZED HEAVY HAULING 401(K) PROFIT SHARING PLAN

Name: SMITH SPECIALIZED HEAVY HAULING - SMITH SPECIALIZED HEAVY HAULING 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: SMITH SPECIALIZED HEAVY HAULING
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SMITH SPECIALIZED HEAVY HAULING 401(K) PROFIT SHARING PLAN, SMITH SPECIALIZED HEAVY HAULING

SMITH SPECIALIZED HEAVY HAULINGEIN 36-4125684Plan #001PY 2024

197 HARVESTORE DRIVE, SUITE 2 - DEKALB, IL 60115815-758-8589smithspecializedheavyhauling.comLinkedIn1-10 employees

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$445K

+37.3% from 2023

Total participants

0.0% from 2023

Average account balance

$111,174

+37.3% from 2023

Annual return

10.25%

-6.05 pp from 2023

Benchmarks

See 9,725 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants<25

Cohort9,725 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$445K

Not enough data

1 years with asset history on file

Average account balance

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

$111K

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.

80.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$88K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+10.25%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2E2F2J2T3D3H

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).
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.
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

1 tripped

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

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

$111,174

$90,691+22.6%

$76,119+46.1%

$145,884-23.8%

Participation rate

80.0%

74.5%+5.5pp

69.1%+10.9pp

80.3%-0.3pp

Annual return

10.25%

624.52%-614.3pp

361.25%-351.0pp

551.85%-541.6pp

Employer contribution / active EE

$4,214

$3,329+26.6%

$2,693+56.5%

$4,662-9.6%

Participant deferral / active EE

$13,304

$5,167+157.5%

$4,259+212.4%

$6,690+98.9%

Admin fee / account holder

$8,383-100.0%

$6,421-100.0%

$13,392-100.0%

SMITH SPECIALIZED HEAVY HAULING 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

SMITH SPECIALIZED HEAVY HAULING 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion