Retirement plan

CASSENS TRANSPORT COMPANY ET AL UNION 401(K) PLAN

Name: CASSENS TRANSPORT COMPANY - CASSENS TRANSPORT COMPANY ET AL UNION 401(K) PLAN (2024) Form 5500
Creator: CASSENS TRANSPORT COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CASSENS TRANSPORT COMPANY ET AL UNION 401(K) PLAN, CASSENS TRANSPORT COMPANY

CASSENS TRANSPORT COMPANYEIN 37-0209195Plan #003PY 2024

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

Other plans on this EIN

1 filing

#001Retirement-$61.5M assets

Prospect flagsLow participationLow participant contribution

How to read this page

Total assets (EOY)

$32.4M

+5.1% from 2023

Total participants

1,652

+30.2% from 2023

Average account balance

$83,659

+26.0% from 2023

Annual return

12.01%

-3.40 pp from 2023

Benchmarks

See 265 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants1,000-4,999

Cohort265 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$32.38M

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.

387

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.

18.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.76M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+12.01%

Not enough data

1 years with return on file

Admin fee / account holder

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

$266

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
EPIC RETIREMENT PLAN SERVICES4 years Filed as: EPIC RETIREMENT SERVICES Service code 14 · EIN 16-1450952	Plan Administrator	$97,193
NBT BANCORP NA1 year Filed as: NBT BANCORP, INC. Service code 21 52 SOUTH BROAD STREET · NORWICH, NY 13815	Bank Trustee	$5,576

Plan features & details

Pension benefit codes2G2J2T3D3H

Plan features

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.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$103K

$67 / participant

Trustee / custodial$6K5.4%
Contract admin$97K94.6%

% of EOY assets

0.317%

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: FORVIS MAZARS LLP
Auditor EIN: 440160260
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$83,659

$81,301+2.9%

$76,030+10.0%

$200,096-58.2%

Participation rate

18.0%

70.1%-52.1pp

69.1%-51.0pp

72.0%-54.0pp

Annual return

12.01%

16.31%-4.3pp

361.54%-349.5pp

34.26%-22.3pp

Employer contribution / active EE

$3,352-100.0%

$2,688-100.0%

$3,038-100.0%

Participant deferral / active EE

$1,140

$4,721-75.9%

$4,257-73.2%

$5,090-77.6%

Admin fee / account holder

$266

$145+83.1%

$6,421-95.9%

$269-1.4%

Provider

Service type

Compensation

EPIC RETIREMENT PLAN SERVICES4 years

Filed as: EPIC RETIREMENT SERVICES

Service code 14 · EIN 16-1450952

Plan Administrator

$97,193

NBT BANCORP NA1 year

Filed as: NBT BANCORP, INC.

Service code 21

52 SOUTH BROAD STREET · NORWICH, NY 13815

Bank Trustee

$5,576

CASSENS TRANSPORT COMPANY ET AL UNION 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CASSENS TRANSPORT COMPANY ET AL UNION 401(K) 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