Retirement plan

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

Name: SCHNEIDER NATIONAL, INC. - SCHNEIDER NATIONAL, INC. 401(K) SAVINGS AND RETIREMENT PLAN (2021) 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 2021

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

Prospect flagsLow participation

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)

$880.2M

-6.8% from 2016

Total participants

18,037

+1.4% from 2016

Average account balance

$79,548

-16.5% from 2016

Annual return

13.17%

-12.00 pp from 2016

Benchmarks

See 46 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants>=10,000

Cohort46 peers

Snapshot2021

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

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
WELLS FARGO BANK, N.A.7+ years Service code 15 · EIN 94-1347393	Recordkeeping	$329,363
PRINCIPAL LIFE INSURANCE COMPANY1 year Service code 13 · EIN 42-0127290	Contract Administrator	$213,331
CAPFINANCIAL PARTNERS LLC7+ years Filed as: CAPFINANCIAL PARTNERS, LLC Service code 27 · EIN 26-0058143	Advisory (Plan)	$116,250
PRINCIPAL LIFE INSURANCE COMPANY1 year Filed as: PRINCIPAL FINANCIAL GROUP Service code 13 · EIN 42-1520346	Contract Administrator	$65,609
CLIFTONLARSONALLEN LLP3 years Filed as: CLIFTONLARSONALLEN Service code 10 · EIN 41-0746749	Accounting	$33,662
ADVISORS MANAGEMENT GROUP5 years Service code 26 · EIN 41-1619602	Advisory (Participants)	$27,288
WELLS FARGO BANK, N.A.1 year Filed as: WELLS FARGO ADVISORS Service code 27 · EIN 34-1542819	Advisory (Plan)	$18,127

Plan features & details

Pension benefit codes2E2F2G2H2J2K2R

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.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.

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

$760K

$49 / participant

Investment mgmt$116K15.3%
Contract admin$610K80.3%
Other / not subdivided$34K4.4%

% of EOY assets

0.086%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$79,548

$130,338-39.0%

$85,708-7.2%

$106,520-25.3%

Participation rate

55.3%

64.6%-9.3pp

69.9%-14.6pp

71.3%-16.0pp

Annual return

13.17%

14.40%-1.2pp

21.49%-8.3pp

19.28%-6.1pp

Employer contribution / active EE

$1,397

$3,864-63.8%

$2,618-46.6%

$2,840-50.8%

Participant deferral / active EE

$2,585

$4,160-37.9%

$3,922-34.1%

$4,948-47.8%

Admin fee / account holder

$69

$114-39.7%

$6,876-99.0%

$75-7.8%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.7+ years

Service code 15 · EIN 94-1347393

Recordkeeping

$329,363

PRINCIPAL LIFE INSURANCE COMPANY1 year

Service code 13 · EIN 42-0127290

Contract Administrator

$213,331

CAPFINANCIAL PARTNERS LLC7+ years

Filed as: CAPFINANCIAL PARTNERS, LLC

Service code 27 · EIN 26-0058143

Advisory (Plan)

$116,250

PRINCIPAL LIFE INSURANCE COMPANY1 year

Filed as: PRINCIPAL FINANCIAL GROUP

Service code 13 · EIN 42-1520346

Contract Administrator

$65,609

CLIFTONLARSONALLEN LLP3 years

Filed as: CLIFTONLARSONALLEN

Service code 10 · EIN 41-0746749

Accounting

$33,662

ADVISORS MANAGEMENT GROUP5 years

Service code 26 · EIN 41-1619602

Advisory (Participants)

$27,288

WELLS FARGO BANK, N.A.1 year

Filed as: WELLS FARGO ADVISORS

Service code 27 · EIN 34-1542819

Advisory (Plan)

$18,127

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