Retirement plan

CASSENS TRANSPORT COMPANY ET AL UNION 401(K) PLAN

Name: CASSENS TRANSPORT COMPANY - CASSENS TRANSPORT COMPANY ET AL UNION 401(K) PLAN (2019) 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 2019

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

Other plans on this EIN

1 filing

#001Retirement-$48.8M assets

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$30.6M

+18.6% from 2018

Total participants

1,333

-7.2% from 2018

Average account balance

$61,849

+23.4% from 2018

Annual return

21.32%

+27.34 pp from 2018

Benchmarks

See 239 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants1,000-4,999

Cohort239 peers

Snapshot2019

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 3 by compensation

Provider	Service type	Compensation
EPIC RETIREMENT PLAN SERVICES5+ years Filed as: EPIC ADVISORS, INC. Service code 14 · EIN 16-1450952	Plan Administrator	$32,900
BANK OF EDWARDSVILLE5+ years Filed as: THE BANK OF EDWARDSVILLE Service code 24 · EIN 37-0259190	Discretionary Trustee	$31,645
BUSEY WEALTH MANAGEMENT1 year Service code 50 · EIN 37-0613731	Direct Payment	$10,790

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

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$75K

$63 / participant

Investment mgmt$42K56.3%
Contract admin$33K43.7%

% of EOY assets

0.246%

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

$61,849

$67,598-8.5%

$75,901-18.5%

$77,775-20.5%

Participation rate

30.0%

69.6%-39.6pp

69.3%-39.3pp

73.2%-43.2pp

Annual return

21.32%

23.18%-1.9pp

30.76%-9.4pp

32.58%-11.3pp

Employer contribution / active EE

$2,430-100.0%

$2,501-100.0%

$2,504-100.0%

Participant deferral / active EE

$1,402

$3,502-60.0%

$3,603-61.1%

$3,966-64.7%

Admin fee / account holder

$152

$96+58.0%

$5,420-97.2%

$100+52.1%

Provider

Service type

Compensation

EPIC RETIREMENT PLAN SERVICES5+ years

Filed as: EPIC ADVISORS, INC.

Service code 14 · EIN 16-1450952

Plan Administrator

$32,900

BANK OF EDWARDSVILLE5+ years

Filed as: THE BANK OF EDWARDSVILLE

Service code 24 · EIN 37-0259190

Discretionary Trustee

$31,645

BUSEY WEALTH MANAGEMENT1 year

Service code 50 · EIN 37-0613731

Direct Payment

$10,790

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