Retirement plan

SPEE DEE DELIVERY SERVICE, INC RETIREMENT PLAN

Name: SPEE DEE DELIVERY SERVICE, INC. - SPEE DEE DELIVERY SERVICE, INC RETIREMENT PLAN (2024) Form 5500
Creator: SPEE DEE DELIVERY SERVICE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SPEE DEE DELIVERY SERVICE, INC RETIREMENT PLAN, SPEE DEE DELIVERY SERVICE, INC.

SPEE DEE DELIVERY SERVICE, INC.EIN 41-1530767Plan #001PY 2024

PO BOX 1417 - ST CLOUD, MN 563021417320-251-6697speedeedelivery.comLinkedIn1001-5000 employeespackage/freight delivery

Prospect flagsLow returnsLow participationLow employer contributionFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$52.9M

-2.2% from 2023

Total participants

1,274

-24.7% from 2023

Average account balance

$71,107

+1.1% from 2023

Annual return

6.21%

-4.23 pp from 2023

Benchmarks

See 8,384 peers

Peer group

Industryany (size+type match)

Plan typeDefined contribution

Participants1,000-4,999

Cohort8,384 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$52.90M

Not enough data

1 years with asset history on file

Average account balance

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

$71K

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.

744

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.

53.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.48M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+6.21%

Not enough data

1 years with return on file

Admin fee / account holder

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

$81

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
ASCENSUS LLC4 years Filed as: WEALTH MANAGEMENT Service code 26 1601 N 12TH STREET · BISMARK, ND 58501	Advisory (Participants)	$30,514
PENTEGRA SERVICES, INC.4 years Filed as: PENTEGRA SERVICES Service code 13 · EIN 13-3745616 701 WESTCHESTER AVE STE 320E · WHITE PLAINS, NY 10604	Contract Administrator	$18,854
RELIANCE TRUST COMPANY4 years Filed as: RELIANCE TRUST Service code 19 · EIN 58-1428634	Securities Custodian	$6,185
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INS CO OF AM Service code 64 8515 EAST ORCHARD RD · GREENWOO VILLAGE, CO 80111	Recordkeeping Fees	$6,059

Plan features & details

Pension benefit codes2T2E2H2J2K3I

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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.
3I
Employer securities investment required
Plan requiring that all or part of employer contributions be invested and held at least for a limited period in employer securities.

Opportunity flags

5 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$60K

$53 / participant

Recordkeeping$13K21.7%
Trustee / custodial$6K10.3%
Investment mgmt$31K50.8%
Contract admin$10K17.2%

% of EOY assets

0.114%

all-in expense ratio

Categories reported

4 / 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: BERGANKDV, LTD
Auditor EIN: 411431613
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$71,107

$199,593-64.4%

$69,647+2.1%

$199,593-64.4%

Participation rate

53.5%

72.0%-18.4pp

66.5%-12.9pp

72.0%-18.4pp

Annual return

6.21%

34.25%-28.0pp

100.48%-94.3pp

34.25%-28.0pp

Employer contribution / active EE

$334

$3,034-89.0%

$1,712-80.5%

$3,034-89.0%

Participant deferral / active EE

$1,836

$5,087-63.9%

$2,886-36.4%

$5,087-63.9%

Admin fee / account holder

$81

$269-70.0%

$4,713-98.3%

$269-70.0%

Provider

Service type

Compensation

ASCENSUS LLC4 years

Filed as: WEALTH MANAGEMENT

Service code 26

1601 N 12TH STREET · BISMARK, ND 58501

Advisory (Participants)

$30,514

PENTEGRA SERVICES, INC.4 years

Filed as: PENTEGRA SERVICES

Service code 13 · EIN 13-3745616

701 WESTCHESTER AVE STE 320E · WHITE PLAINS, NY 10604

Contract Administrator

$18,854

RELIANCE TRUST COMPANY4 years

Filed as: RELIANCE TRUST

Service code 19 · EIN 58-1428634

Securities Custodian

$6,185

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INS CO OF AM

Service code 64

8515 EAST ORCHARD RD · GREENWOO VILLAGE, CO 80111

Recordkeeping Fees

$6,059

SPEE DEE DELIVERY SERVICE, INC RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SPEE DEE DELIVERY SERVICE, INC RETIREMENT PLAN

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