Retirement plan

ALS PROFIT SHARING 401(K) PLAN

Name: PARKER MOTOR FREIGHT - ALS PROFIT SHARING 401(K) PLAN (2024) Form 5500
Creator: PARKER MOTOR FREIGHT
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ALS PROFIT SHARING 401(K) PLAN, PARKER MOTOR FREIGHT

PARKER MOTOR FREIGHTEIN 38-1280018Plan #001PY 2024

3000 BLAKE ROAD - JACKSON, MI 49201800-551-9399LinkedIn51-200 employeespackage/freight delivery

Prospect flagsLow fidelity bondFailed to transmit contributions

How to read this page

Total assets (EOY)

$6.5M

+18.5% from 2023

Total participants

249

+23.3% from 2023

Average account balance

$29,647

-6.3% from 2023

Annual return

12.61%

-16.94 pp from 2023

Benchmarks

See 1,226 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants100-249

Cohort1,226 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.52M

Not enough data

1 years with asset history on file

Average account balance

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

$30K

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.

220

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.

80.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$843K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+12.61%

Not enough data

1 years with return on file

Admin fee / account holder

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

$79

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
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$17,363
YEO & YEO PC1 year Service code 10 3023 DAVENPORT AVE · SAGINAW, MI 48602	Accounting	$11

Plan features & details

Pension benefit codes2E2F2G2J3B2T3D

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.
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.

Opportunity flags

2 tripped

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$17K

$119 / participant

Recordkeeping$17K99.9%
Other / not subdivided$110.1%

% of EOY assets

0.266%

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: YEO & YEO
Auditor EIN: 382706146
Audit fees: $11
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$29,647

$54,679-45.8%

$76,119-61.1%

$74,459-60.2%

Participation rate

80.1%

60.3%+19.8pp

69.1%+11.1pp

67.2%+12.9pp

Annual return

12.61%

31.90%-19.3pp

361.25%-348.6pp

1369.70%-1357.1pp

Employer contribution / active EE

$2,342

$1,781+31.5%

$2,693-13.0%

$2,626-10.8%

Participant deferral / active EE

$3,435

$3,072+11.8%

$4,259-19.4%

$4,350-21.0%

Admin fee / account holder

$79

$2,238-96.5%

$6,421-98.8%

$1,945-95.9%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY O

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$17,363

YEO & YEO PC1 year

Service code 10

3023 DAVENPORT AVE · SAGINAW, MI 48602

Accounting

$11

ALS PROFIT SHARING 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ALS PROFIT SHARING 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