Retirement plan

CASSENS RETIREMENT PLAN

Name: CASSENS TRANSPORT COMPANY - CASSENS RETIREMENT PLAN (2016) 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 2016

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

Other plans on this EIN

1 filing

#003Retirement-$25.7M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$42.6M

+8.7% from 2015

Total participants

277

+4.9% from 2015

Average account balance

$164,571

-1.0% from 2015

Annual return

6.49%

+7.88 pp from 2015

Benchmarks

See 1,015 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants100-249

Cohort1,015 peers

Snapshot2016

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 EDWARDSVILLE2+ years Service code 13 · EIN 37-0259190	Contract Administrator	$99,272
EPIC RETIREMENT PLAN SERVICES2+ years Filed as: EPIC Service code 21 150 STATE STREET · ROCHESTER, NY 14614	Bank Trustee	$29,658

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

$129K

$618 / participant

Investment mgmt$30K23.2%
Contract admin$99K76.8%

% of EOY assets

0.303%

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

$164,571

$44,425+270.4%

$67,834+142.6%

$55,167+198.3%

Participation rate

91.4%

59.7%+31.7pp

68.8%+22.6pp

69.0%+22.4pp

Annual return

6.49%

17.80%-11.3pp

138.47%-132.0pp

169.23%-162.7pp

Employer contribution / active EE

$9,532

$1,351+605.3%

$2,403+296.6%

$1,963+385.7%

Participant deferral / active EE

$2,330

$2,166+7.6%

$3,160-26.3%

$3,054-23.7%

Admin fee / account holder

$499

$530-5.9%

$4,622-89.2%

$504-1.0%

Provider

Service type

Compensation

BANK OF EDWARDSVILLE2+ years

Service code 13 · EIN 37-0259190

Contract Administrator

$99,272

EPIC RETIREMENT PLAN SERVICES2+ years

Filed as: EPIC

Service code 21

150 STATE STREET · ROCHESTER, NY 14614

Bank Trustee

$29,658

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