Retirement plan

WHEELER TRUCKING, INC. 401(K) PLAN

Name: WHEELER TRUCKING, INC. - WHEELER TRUCKING, INC. 401(K) PLAN (2020) Form 5500
Creator: WHEELER TRUCKING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WHEELER TRUCKING, INC. 401(K) PLAN, WHEELER TRUCKING, INC.

WHEELER TRUCKING, INC.EIN 38-3534605Plan #001PY 2020

7439 SHERIDAN RD - FLUSHING, MI 48433810-638-5900

Prospect flagsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$3.4M

+25.1% from 2019

Total participants

223

-4.7% from 2019

Average account balance

$22,128

+8.1% from 2019

Annual return

15.19%

-10.99 pp from 2019

Benchmarks

See 1,062 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants100-249

Cohort1,062 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.96M

Not enough data

1 years with asset history on file

Average account balance

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

$25K

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.

359

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.

84.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.51M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+14.04%

Not enough data

1 years with return on file

Admin fee / account holder

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

$131

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

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

Service providers

Top 2 by compensation

Provider	Service type	Compensation
NATIONWIDE4 years Service code 26 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Advisory (Participants)	$14,234
LPL FINANCIAL4 years Filed as: WADDELL & REED, INC. Service code 26 6300 LAMAR AVE · SHAWNEE, KS 662019217	Advisory (Participants)	$13,599

Plan features & details

Pension benefit codes2E2G2J2K2T3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: YEO AND YEO
Auditor EIN: 382706146
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$22,128

$55,636-60.2%

$81,988-73.0%

$73,493-69.9%

Participation rate

63.9%

62.3%+1.6pp

69.3%-5.4pp

70.7%-6.8pp

Annual return

15.19%

19.07%-3.9pp

41.31%-26.1pp

28.51%-13.3pp

Employer contribution / active EE

$1,451

$1,625-10.7%

$2,498-41.9%

$2,270-36.1%

Participant deferral / active EE

$3,043

$2,762+10.2%

$3,722-18.2%

$3,740-18.6%

Admin fee / account holder

$493-100.0%

$5,665-100.0%

$513-100.0%

Provider

Service type

Compensation

NATIONWIDE4 years

Service code 26

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Advisory (Participants)

$14,234

LPL FINANCIAL4 years

Filed as: WADDELL & REED, INC.

Service code 26

6300 LAMAR AVE · SHAWNEE, KS 662019217

Advisory (Participants)

$13,599

WHEELER TRUCKING, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

WHEELER TRUCKING, INC. 401(K) PLAN

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