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 (2023) 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 2023

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

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$620K

+59.6% from 2022

Total participants

+19.6% from 2022

Average account balance

$38,777

+19.7% from 2022

Annual return

18.84%

+40.42 pp from 2022

Benchmarks

See 5,247 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants25-99

Cohort5,247 peers

Snapshot2023

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.

Expense breakdown

Schedule H Part II

Admin total

$3K

$62 / participant

Other / not subdivided$3K100.0%

% of EOY assets

0.537%

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

$38,777

$49,891-22.3%

$80,607-51.9%

$75,181-48.4%

Participation rate

27.8%

55.3%-27.5pp

67.0%-39.2pp

67.2%-39.4pp

Annual return

18.84%

34.67%-15.8pp

936.11%-917.3pp

160.69%-141.8pp

Employer contribution / active EE

$1,698-100.0%

$2,724-100.0%

$2,671-100.0%

Participant deferral / active EE

$2,934

$2,991-1.9%

$4,448-34.0%

$4,126-28.9%

Admin fee / account holder

$208

$3,578-94.2%

$5,379-96.1%

$5,650-96.3%

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

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

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

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