Retirement plan

ROTH TRUCKING, INC. 401(K) RETIREMENT PLAN

Name: ROTH TRUCKING, INC. - ROTH TRUCKING, INC. 401(K) RETIREMENT PLAN (2023) 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 2023

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

Prospect flagsLow returnsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$3.3M

-1.6% from 2022

Total participants

170

-1.2% from 2022

Average account balance

$20,160

-1.0% from 2022

Annual return

10.98%

+25.77 pp from 2022

Benchmarks

See 1,234 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants100-249

Cohort1,234 peers

Snapshot2023

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

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 3 by compensation

Provider	Service type	Compensation
MMA SECURITIES LLC1 year Filed as: ASSURED PARTNERS CAPITAL INC. Service code 27 200 COLONIAL CENTER PKWY STE 140 · LAKE MARY, FL 32746	Advisory (Plan)	$14,562
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUITY INSURANCE CO. Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$9,304
PREMIER RETIREMENT PARTNERS1 year Service code 13 8040 EXCELSIOR DR. STE 401 · MADISON, WI 53593	Contract Administrator	$7,882

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

$58K

$453 / participant

Recordkeeping$9K16.2%
Investment mgmt$37K64.8%
Contract admin$8K13.7%
Other / not subdivided$3K5.4%

% of EOY assets

1.741%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BAS PARTNERS, LLC
Auditor EIN: 208779390
Audit fees: $3,100
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$20,160

$51,166-60.6%

$70,544-71.4%

$71,511-71.8%

Participation rate

95.3%

59.4%+35.9pp

68.4%+26.9pp

67.9%+27.3pp

Annual return

10.98%

42.71%-31.7pp

32.79%-21.8pp

28.86%-17.9pp

Employer contribution / active EE

$3,807

$1,793+112.3%

$2,976+27.9%

$2,589+47.0%

Participant deferral / active EE

$817

$3,031-73.0%

$4,568-82.1%

$4,291-81.0%

Admin fee / account holder

$351

$2,000-82.4%

$6,427-94.5%

$1,588-77.9%

Provider

Service type

Compensation

MMA SECURITIES LLC1 year

Filed as: ASSURED PARTNERS CAPITAL INC.

Service code 27

200 COLONIAL CENTER PKWY STE 140 · LAKE MARY, FL 32746

Advisory (Plan)

$14,562

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INSURANCE CO.

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$9,304

PREMIER RETIREMENT PARTNERS1 year

Service code 13

8040 EXCELSIOR DR. STE 401 · MADISON, WI 53593

Contract Administrator

$7,882

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