Retirement plan

SCHNEIDER NATIONAL, INC. 401(K) SAVINGS AND RETIREMENT PLAN

Name: SCHNEIDER NATIONAL, INC. - SCHNEIDER NATIONAL, INC. 401(K) SAVINGS AND RETIREMENT PLAN (2024) Form 5500
Creator: SCHNEIDER NATIONAL, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SCHNEIDER NATIONAL, INC. 401(K) SAVINGS AND RETIREMENT PLAN, SCHNEIDER NATIONAL, INC.

SCHNEIDER NATIONAL, INC.EIN 39-1258315Plan #002PY 2024

3101 S. PACKERLAND DR. - GREEN BAY, WI 543062545920-592-2000

Prospect flagsLow participationCorrective distributions

Top hat statement on fileNQDC

Filed May 15, 2023 (most recent of 3 filings on file)

Plan administrator

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3101 South Packerland Drive

Green Bay, WI 54313

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Plans declared (1)

Schneider National, Inc. Executive Change of Control Severance Plan8 emp

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Total assets (EOY)

$893.4M

+8.4% from 2023

Total participants

18,168

-0.7% from 2023

Average account balance

$78,670

+10.3% from 2023

Annual return

13.06%

-4.65 pp from 2023

Benchmarks

See 51 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants>=10,000

Cohort51 peers

Snapshot2024

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Analytics

Total assets (EOY)

Plan-year ending balance

$893.38M

Not enough data

1 years with asset history on file

Average account balance

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

$79K

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.

11,356

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.

56.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$68.50M

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

+13.06%

Not enough data

1 years with return on file

Admin fee / account holder

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

$72

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 7 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY4 years Service code 13 · EIN 42-0127290	Contract Administrator	$618,594
CAPFINANCIAL PARTNERS LLC10+ years Filed as: CAPFINANCIAL PARTNERS, LLC Service code 27 · EIN 26-0058143	Advisory (Plan)	$85,747
ADVISORS MANAGEMENT GROUP2 years Filed as: ADVISORS MANAGEMENT GROUP INC Service code 27 · EIN 41-1619602	Advisory (Plan)	$44,061
CETERA ADVISOR NETWORKS LLC3 years Filed as: CWM LLC Service code 27 · EIN 27-4011107	Advisory (Plan)	$28,833
BAKER TILLY US, LLP1 year Filed as: BAKER TILLY US LLP Service code 10 · EIN 39-0859910	Accounting	$23,502
CHARLES SCHWAB & CO., INC.2 years Service code 27 · EIN 94-1737782	Advisory (Plan)	$2,206
MORNINGSTAR1 year Filed as: MORNINGSTAR INVESTMENT MANAGEMENT L Service code 26 · EIN 36-4317381	Advisory (Participants)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T

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.
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$813K

$51 / participant

Contract admin$813K100.0%

% of EOY assets

0.091%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: BAKER TILLY US LLP
Auditor EIN: 301413443
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$78,670

$140,910-44.2%

$75,972+3.6%

$106,382-26.0%

Participation rate

56.9%

64.1%-7.2pp

69.1%-12.1pp

69.9%-13.0pp

Annual return

13.06%

16.51%-3.5pp

359.55%-346.5pp

17.37%-4.3pp

Employer contribution / active EE

$1,432

$5,354-73.3%

$2,685-46.7%

$3,364-57.4%

Participant deferral / active EE

$2,901

$5,004-42.0%

$4,255-31.8%

$5,569-47.9%

Admin fee / account holder

$72

$117-39.0%

$6,467-98.9%

$79-9.6%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY4 years

Service code 13 · EIN 42-0127290

Contract Administrator

$618,594

CAPFINANCIAL PARTNERS LLC10+ years

Filed as: CAPFINANCIAL PARTNERS, LLC

Service code 27 · EIN 26-0058143

Advisory (Plan)

$85,747

ADVISORS MANAGEMENT GROUP2 years

Filed as: ADVISORS MANAGEMENT GROUP INC

Service code 27 · EIN 41-1619602

Advisory (Plan)

$44,061

CETERA ADVISOR NETWORKS LLC3 years

Filed as: CWM LLC

Service code 27 · EIN 27-4011107

Advisory (Plan)

$28,833

BAKER TILLY US, LLP1 year

Filed as: BAKER TILLY US LLP

Service code 10 · EIN 39-0859910

Accounting

$23,502

CHARLES SCHWAB & CO., INC.2 years

Service code 27 · EIN 94-1737782

Advisory (Plan)

$2,206

MORNINGSTAR1 year

Filed as: MORNINGSTAR INVESTMENT MANAGEMENT L

Service code 26 · EIN 36-4317381

Advisory (Participants)

SCHNEIDER NATIONAL, INC. 401(K) SAVINGS AND RETIREMENT PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SCHNEIDER NATIONAL, INC. 401(K) SAVINGS AND RETIREMENT PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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