Retirement plan

CASSENS RETIREMENT PLAN

Name: CASSENS TRANSPORT COMPANY - CASSENS RETIREMENT PLAN (2015) Form 5500
Creator: CASSENS TRANSPORT COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CASSENS RETIREMENT PLAN, CASSENS TRANSPORT COMPANY

CASSENS TRANSPORT COMPANYEIN 37-0209195Plan #001PY 2015

145 N. KANSAS ST. - EDWARDSVILLE, IL 620250468618-656-3006cassens.comLinkedIn1001-5000 employeestransportation/trucking/railroad

Other plans on this EIN

1 filing

#003Retirement-$23.9M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$39.2M

No prior year

Total participants

264

No prior year

Average account balance

$166,229

No prior year

Annual return

-1.38%

No prior year

Benchmarks

See 938 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants100-249

Cohort938 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$61.51M

Not enough data

1 years with asset history on file

Average account balance

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

$302K

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.

204

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.

83.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.51M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+9.94%

Not enough data

1 years with return on file

Admin fee / account holder

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

$692

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
BANK OF EDWARDSVILLE1+ years Service code 13 · EIN 37-0259190	Contract Administrator	$136,298
EPIC RETIREMENT PLAN SERVICES1+ years Filed as: EPIC Service code 21 150 STATE STREET · ROCHESTER, NY 14614	Bank Trustee	$35,337

Plan features & details

Pension benefit codes2E2F2H2J2T3D3H

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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
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

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

$172K

$837 / participant

Investment mgmt$35K20.6%
Contract admin$136K79.4%

% of EOY assets

0.438%

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: BKD, LLP
Auditor EIN: 440160260
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$166,229

$46,745+255.6%

$60,547+174.5%

$52,331+217.7%

Participation rate

86.3%

58.6%+27.8pp

68.0%+18.4pp

68.1%+18.2pp

Annual return

-1.38%

0.61%-2.0pp

335.64%-337.0pp

4.54%-5.9pp

Employer contribution / active EE

$9,438

$1,259+649.7%

$2,419+290.1%

$1,882+401.6%

Participant deferral / active EE

$2,319

$2,145+8.1%

$3,328-30.3%

$3,022-23.3%

Admin fee / account holder

$727

$537+35.5%

$4,536-84.0%

$592+22.9%

Provider

Service type

Compensation

BANK OF EDWARDSVILLE1+ years

Service code 13 · EIN 37-0259190

Contract Administrator

$136,298

EPIC RETIREMENT PLAN SERVICES1+ years

Filed as: EPIC

Service code 21

150 STATE STREET · ROCHESTER, NY 14614

Bank Trustee

$35,337

CASSENS RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CASSENS RETIREMENT 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