Retirement plan

JUNG COMPANIES 401(K) PLAN

Name: JUNG TRUCK SERVICE, INC. - JUNG COMPANIES 401(K) PLAN (2021) Form 5500
Creator: JUNG TRUCK SERVICE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, JUNG COMPANIES 401(K) PLAN, JUNG TRUCK SERVICE, INC.

JUNG TRUCK SERVICE, INC.EIN 37-1069563Plan #001PY 2021

10075 PROGRESS PARKWAY - MASCOUTAH, IL 62258618-566-2137jungtruck.comLinkedIn51-200 employeestransportation/trucking/railroad

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$3.9M

+16.0% from 2020

Total participants

138

+8.7% from 2020

Average account balance

$45,127

+2.7% from 2020

Annual return

20.67%

+4.13 pp from 2020

Benchmarks

See 1,069 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants100-249

Cohort1,069 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.25M

Not enough data

1 years with asset history on file

Average account balance

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

$59K

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.

69.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$524K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+13.47%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3577

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

Top 4 by compensation

Provider	Service type	Compensation
RAYMOND JAMES FINANCIAL SERVICES1 year Filed as: RAYMOND JAMES & ASSOCIATES Service code 26 · EIN 59-1237041 23 PUBLIC SQUARE, SUITE 450 · BELLEVILLE, IL 62220	Advisory (Participants)	$18,357
AMERICAN FUNDS1 year Filed as: CAPITAL RESEARH AND MANAGEMENT CO Service code 60	Sub-TA Fees	$3,671
MASTER BENEFIT GROUP, INC.1 year Service code 49 · EIN 43-1585882 11166 TESSON FERRY ROAD, SUITE 205 · ST. LOUIS, MO 631236966	Other Services	$2,136
AMERICAN FUNDS1 year Filed as: CAPITAL RESEARCH AND MANAGEMENT CO Service code 60 · EIN 95-1411037 3500 WISEMAN BLVD. · SAN ANTONIO, TX 782514321	Sub-TA Fees	$1,375

Plan features & details

Pension benefit codes2E2F2G2J2K2T3B3D3H

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).
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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

$2K

$17 / participant

Contract admin$2K100.0%

% of EOY assets

0.052%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$45,127

$60,788-25.8%

$85,705-47.3%

$79,389-43.2%

Participation rate

57.5%

62.1%-4.6pp

69.9%-12.4pp

70.7%-13.2pp

Annual return

20.67%

16.57%+4.1pp

21.49%-0.8pp

116.89%-96.2pp

Employer contribution / active EE

$1,277

$1,664-23.3%

$2,619-51.2%

$2,428-47.4%

Participant deferral / active EE

$2,226

$2,920-23.8%

$3,924-43.3%

$4,046-45.0%

Admin fee / account holder

$23

$439-94.7%

$6,877-99.7%

$626-96.3%

Provider

Service type

Compensation

RAYMOND JAMES FINANCIAL SERVICES1 year

Filed as: RAYMOND JAMES & ASSOCIATES

Service code 26 · EIN 59-1237041

23 PUBLIC SQUARE, SUITE 450 · BELLEVILLE, IL 62220

Advisory (Participants)

$18,357

AMERICAN FUNDS1 year

Filed as: CAPITAL RESEARH AND MANAGEMENT CO

Service code 60

Sub-TA Fees

$3,671

MASTER BENEFIT GROUP, INC.1 year

Service code 49 · EIN 43-1585882

11166 TESSON FERRY ROAD, SUITE 205 · ST. LOUIS, MO 631236966

Other Services

$2,136

AMERICAN FUNDS1 year

Filed as: CAPITAL RESEARCH AND MANAGEMENT CO

Service code 60 · EIN 95-1411037

3500 WISEMAN BLVD. · SAN ANTONIO, TX 782514321

Sub-TA Fees

$1,375

JUNG COMPANIES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

JUNG COMPANIES 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