Retirement plan

INTERSTATE COMPANIES 401(K) PLAN FOR CERTAIN UNION EMPLOYEES

Name: INTERSTATE COMPANIES, INC. - INTERSTATE COMPANIES 401(K) PLAN FOR CERTAIN UNION EMPLOYEES (2019) Form 5500
Creator: INTERSTATE COMPANIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INTERSTATE COMPANIES 401(K) PLAN FOR CERTAIN UNION EMPLOYEES, INTERSTATE COMPANIES, INC.

INTERSTATE COMPANIES, INC.EIN 41-1634358Plan #005PY 2019

2901 E 78TH STREET - MINNEAPOLIS, MN 55425952-876-5753istate.comLinkedIn1001-5000 employeestransportation/trucking/railroad

Other plans on this EIN

2 filings

#004Retirement-$65.1M assets #002Retirement-$883K assets

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$299K

-25.6% from 2018

Total participants

-22.2% from 2018

Average account balance

$59,743

-25.6% from 2018

Annual return

17.84%

+26.10 pp from 2018

Benchmarks

See 22,305 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants<25

Cohort22,305 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-100.98%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2G2J2F2R3D2T2E

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.
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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$192K

$38415 / participant

Other / not subdivided$192K100.0%

% of EOY assets

64.301%

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

$59,743

$152,619-60.9%

$125,195-52.3%

$152,909-60.9%

Participation rate

60.0%

83.3%-23.3pp

79.8%-19.8pp

82.5%-22.5pp

Annual return

17.84%

54.85%-37.0pp

43.79%-26.0pp

345.46%-327.6pp

Employer contribution / active EE

$3,470

$4,947-29.9%

$3,866-10.3%

$4,764-27.2%

Participant deferral / active EE

$5,869-100.0%

$4,937-100.0%

$5,851-100.0%

Admin fee / account holder

$38,415

$13,437+185.9%

$9,704+295.9%

$11,601+231.1%

INTERSTATE COMPANIES 401(K) PLAN FOR CERTAIN UNION EMPLOYEES

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INTERSTATE COMPANIES 401(K) PLAN FOR CERTAIN UNION EMPLOYEES

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