Retirement plan

KNIGHT TRANSFER SERVICES, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Name: KNIGHT TRANSFER SERVICES, INC. - KNIGHT TRANSFER SERVICES, INC. 401(K) PROFIT SHARING PLAN AND TRUST (2020) Form 5500
Creator: KNIGHT TRANSFER SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KNIGHT TRANSFER SERVICES, INC. 401(K) PROFIT SHARING PLAN AND TRUST, KNIGHT TRANSFER SERVICES, INC.

KNIGHT TRANSFER SERVICES, INC.EIN 38-3278095Plan #001PY 2020

PO BOX 365 - ZEELAND, MI 494640365616-748-9878dumpstr.comLinkedIn11-50 employeesenvironmental services

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$244K

+53.7% from 2019

Total participants

+25.8% from 2019

Average account balance

$27,112

+19.6% from 2019

Annual return

23.24%

+3.88 pp from 2019

Benchmarks

See 4,277 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants25-99

Cohort4,277 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$885K

Not enough data

1 years with asset history on file

Average account balance

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

$47K

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.

34.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$189K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+40.73%

Not enough data

1 years with return on file

Admin fee / account holder

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

$9678

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 codes2E2F2G2J2T3D

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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

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

$27,112

$52,279-48.1%

$89,414-69.7%

$79,852-66.0%

Participation rate

21.1%

57.5%-36.5pp

68.0%-46.9pp

69.6%-48.6pp

Annual return

23.24%

22.16%+1.1pp

245.50%-222.3pp

31.72%-8.5pp

Employer contribution / active EE

$1,572-100.0%

$2,586-100.0%

$2,471-100.0%

Participant deferral / active EE

$1,274

$2,740-53.5%

$3,890-67.2%

$3,740-65.9%

Admin fee / account holder

$3,356-100.0%

$4,883-100.0%

$5,306-100.0%

KNIGHT TRANSFER SERVICES, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

KNIGHT TRANSFER SERVICES, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion