Retirement plan

TRANSPORT REFRIGERATION SERVICE, INC. 401(K) PROFIT SHARING PLAN

Name: TRANSPORT REFRIGERATION SERVICE, INC. - TRANSPORT REFRIGERATION SERVICE, INC. 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: TRANSPORT REFRIGERATION SERVICE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TRANSPORT REFRIGERATION SERVICE, INC. 401(K) PROFIT SHARING PLAN, TRANSPORT REFRIGERATION SERVICE, INC.

TRANSPORT REFRIGERATION SERVICE, INC.EIN 38-1859574Plan #001PY 2024

1180 JOHN A. PAPALAS DR. - LINCOLN PARK, MI 48146313-383-3005

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$5M

+7.3% from 2023

Total participants

+2.9% from 2023

Average account balance

$142,027

+4.2% from 2023

Annual return

10.96%

-5.23 pp from 2023

Benchmarks

See 4,585 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants25-99

Cohort4,585 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.97M

Not enough data

1 years with asset history on file

Average account balance

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

$142K

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.

116.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$439K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+10.96%

Not enough data

1 years with return on file

Admin fee / account holder

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

$18023

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2J2F2G3D

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.
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

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

$631K

$21027 / participant

Other / not subdivided$631K100.0%

% of EOY assets

12.690%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$142,027

$55,902+154.1%

$76,030+86.8%

$80,959+75.4%

Participation rate

100.0%

62.1%+37.9pp

69.1%+30.9pp

67.7%+32.3pp

Annual return

10.96%

20.59%-9.6pp

361.54%-350.6pp

35.67%-24.7pp

Employer contribution / active EE

$6,929

$1,867+271.2%

$2,688+157.8%

$2,757+151.3%

Participant deferral / active EE

$7,720

$3,051+153.1%

$4,257+81.3%

$4,300+79.5%

Admin fee / account holder

$18,023

$5,239+244.0%

$6,421+180.7%

$6,925+160.2%

TRANSPORT REFRIGERATION SERVICE, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TRANSPORT REFRIGERATION SERVICE, INC. 401(K) PROFIT SHARING 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