Retirement plan

ROTH TRUCKING, INC. 401(K) RETIREMENT PLAN

Name: ROTH TRUCKING, INC. - ROTH TRUCKING, INC. 401(K) RETIREMENT PLAN (2021) Form 5500
Creator: ROTH TRUCKING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ROTH TRUCKING, INC. 401(K) RETIREMENT PLAN, ROTH TRUCKING, INC.

ROTH TRUCKING, INC.EIN 38-2079555Plan #002PY 2021

4525 50 ST SE - GRAND RAPIDS, MI 49512616-784-1341

Prospect flagsLow returnsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$4.3M

+5.8% from 2020

Total participants

172

-17.7% from 2020

Average account balance

$25,226

+23.4% from 2020

Annual return

9.33%

-0.77 pp from 2020

Benchmarks

See 1,070 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants100-249

Cohort1,070 peers

Snapshot2021

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Analytics

Total assets (EOY)

Plan-year ending balance

$3.28M

Not enough data

1 years with asset history on file

Average account balance

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

$21K

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.

158

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.

96.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$617K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+8.76%

Not enough data

1 years with return on file

Admin fee / account holder

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

$231

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

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Service providers

Top 6 by compensation

Provider	Service type	Compensation
IFP ADVISORS INC DBA INDEPENDENT FI3 years Filed as: IFP ADVISORS INC Service code 27 3030 N ROCKY POINT DR W STE 700 · TAMPA, FL 33607	Advisory (Plan)	$20,181
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$9,488
ADVANTAGE BENEFITS CONSULTANTS INC4 years Filed as: ADVANTAGE FINANCIAL SERVICES Service code 10 4462 PLANFIELD AVE NE · GRAND RAPIDS, MI 49525	Accounting	$8,965
PREMIER RETIREMENT PARTNERS3 years Filed as: PREMIER RETIREMENT PARTNERS LLC Service code 13 8040 EXCELSIOR DRIVE · MADISON, WI 53717	Contract Administrator	$5,367
ALLIANCE BENEFIT GROUP2 years Filed as: ALLIANCE BENEFIT GROUP WI Service code 13 8040 EXCELSIOR DR STE 401 · MADISON, WI 53717	Contract Administrator	$4,037
LEAFHOUSE FINANCIAL ADVISORS, LLC2 years Service code 27 6504 BRIDGE POINT PKWY STE 450 · AUSTIN, TX 78730	Advisory (Plan)	$2,018

Plan features & details

Pension benefit codes2A2E2F2G2J3D3H

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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

3 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$75K

$614 / participant

Investment mgmt$49K65.0%
Other / not subdivided$26K35.0%

% of EOY assets

1.756%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: BAS PARTNERS, LLC
Auditor EIN: 208779390
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$25,226

$60,776-58.5%

$85,682-70.6%

$79,386-68.2%

Participation rate

97.5%

62.1%+35.4pp

69.9%+27.7pp

70.7%+26.8pp

Annual return

9.33%

16.57%-7.2pp

21.49%-12.2pp

116.85%-107.5pp

Employer contribution / active EE

$4,440

$1,663+167.0%

$2,618+69.6%

$2,427+82.9%

Participant deferral / active EE

$945

$2,919-67.6%

$3,923-75.9%

$4,046-76.6%

Admin fee / account holder

$443

$438+1.1%

$6,873-93.6%

$626-29.3%

Provider

Service type

Compensation

IFP ADVISORS INC DBA INDEPENDENT FI3 years

Filed as: IFP ADVISORS INC

Service code 27

3030 N ROCKY POINT DR W STE 700 · TAMPA, FL 33607

Advisory (Plan)

$20,181

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$9,488

ADVANTAGE BENEFITS CONSULTANTS INC4 years

Filed as: ADVANTAGE FINANCIAL SERVICES

Service code 10

4462 PLANFIELD AVE NE · GRAND RAPIDS, MI 49525

Accounting

$8,965

PREMIER RETIREMENT PARTNERS3 years

Filed as: PREMIER RETIREMENT PARTNERS LLC

Service code 13

8040 EXCELSIOR DRIVE · MADISON, WI 53717

Contract Administrator

$5,367

ALLIANCE BENEFIT GROUP2 years

Filed as: ALLIANCE BENEFIT GROUP WI

Service code 13

8040 EXCELSIOR DR STE 401 · MADISON, WI 53717

Contract Administrator

$4,037

LEAFHOUSE FINANCIAL ADVISORS, LLC2 years

Service code 27

6504 BRIDGE POINT PKWY STE 450 · AUSTIN, TX 78730

Advisory (Plan)

$2,018

ROTH TRUCKING, INC. 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ROTH TRUCKING, INC. 401(K) RETIREMENT 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