Retirement plan

RELIABLE CARRIERS, INC. 401(K) PLAN

Name: RELIABLE CARRIERS, INC. - RELIABLE CARRIERS, INC. 401(K) PLAN (2018) Form 5500
Creator: RELIABLE CARRIERS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RELIABLE CARRIERS, INC. 401(K) PLAN, RELIABLE CARRIERS, INC.

RELIABLE CARRIERS, INC.EIN 38-2534918Plan #002PY 2018

41555 KOPPERNICK ROAD - CANTON, MI 48187734-453-6677reliablecarriers.comLinkedIn201-500 employeestransportation/trucking/railroad

Prospect flagsHigh cashLow participationLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$8.9M

-3.1% from 2017

Total participants

187

-0.5% from 2017

Average account balance

$66,559

+4.1% from 2017

Annual return

-5.33%

-22.89 pp from 2017

Benchmarks

See 1,072 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants100-249

Cohort1,072 peers

Snapshot2018

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$14.16M

Not enough data

1 years with asset history on file

Average account balance

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

$143K

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.

51.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$657K

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

+15.67%

Not enough data

1 years with return on file

Admin fee / account holder

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

$364

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 4 by compensation

Provider	Service type	Compensation
INTEGRA EMPLOYER HEALTH, LLC1 year Service code 13 · EIN 56-1392505	Contract Administrator	$24,134
RAYMOND JAMES FINANCIAL SERVICES2 years Filed as: RAYMOND JAMES & ASSOCIATES INC Service code 27 · EIN 59-1237041	Advisory (Plan)	$18,182
PRIVATE HEALTHCARE SYSTEM1 year Service code 99 · EIN 04-3138814	Other Fees	$8,253
FIDELITY INVESTMENTS INSTITUTIONAL4+ years Service code 37 · EIN 04-2647786	Loan Processing	$1,886

Plan features & details

Pension benefit codes2A2E2F2G2J2K2T3D

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.
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.
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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$20K

$116 / participant

Other / not subdivided$20K100.0%

% of EOY assets

0.226%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: BAS PARTNERS
Auditor EIN: 208779390
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$66,559

$42,396+57.0%

$67,313-1.1%

$56,287+18.2%

Participation rate

69.4%

61.0%+8.4pp

69.1%+0.3pp

69.9%-0.5pp

Annual return

-5.33%

-36.63%+31.3pp

-4.08%-1.2pp

-9.96%+4.6pp

Employer contribution / active EE

$1,414-100.0%

$2,566-100.0%

$2,111-100.0%

Participant deferral / active EE

$3,443

$2,360+45.9%

$3,568-3.5%

$3,350+2.8%

Admin fee / account holder

$150

$510-70.5%

$4,507-96.7%

$521-71.2%

Provider

Service type

Compensation

INTEGRA EMPLOYER HEALTH, LLC1 year

Service code 13 · EIN 56-1392505

Contract Administrator

$24,134

RAYMOND JAMES FINANCIAL SERVICES2 years

Filed as: RAYMOND JAMES & ASSOCIATES INC

Service code 27 · EIN 59-1237041

Advisory (Plan)

$18,182

PRIVATE HEALTHCARE SYSTEM1 year

Service code 99 · EIN 04-3138814

Other Fees

$8,253

FIDELITY INVESTMENTS INSTITUTIONAL4+ years

Service code 37 · EIN 04-2647786

Loan Processing

$1,886

RELIABLE CARRIERS, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RELIABLE CARRIERS, INC. 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