Retirement plan

UNION STORAGE AND TRANSFER COMPANY 401(K) PROFIT SHARING PLAN

Name: UNION STORAGE AND TRANSFER COMPANY - UNION STORAGE AND TRANSFER COMPANY 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: UNION STORAGE AND TRANSFER COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UNION STORAGE AND TRANSFER COMPANY 401(K) PROFIT SHARING PLAN, UNION STORAGE AND TRANSFER COMPANY

UNION STORAGE AND TRANSFER COMPANYEIN 45-0205050Plan #002PY 2022

4275 MAIN AVENUE - FARGO, ND 58102701-282-4321

Other plans on this EIN

2 filings

#004Retirement-$871K assets #003Retirement-$543K assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$809K

-14.1% from 2021

Total participants

+14.3% from 2021

Average account balance

$115,564

-14.1% from 2021

Annual return

-15.34%

-25.28 pp from 2021

Benchmarks

See 1,423 peers

Peer group

Industry49 - Transportation and Warehousing

Plan typeDefined contribution

Participants<25

Cohort1,423 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.65M

Not enough data

1 years with asset history on file

Average account balance

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

$184K

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.

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.

128.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$186K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$27K

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

+13.26%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1030

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 codes2E2F2G2J2T3D

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.
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

1 tripped

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

$6K

$988 / participant

Other / not subdivided$6K100.0%

% of EOY assets

0.733%

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

$115,564

$117,777-1.9%

$71,778+61.0%

$134,545-14.1%

Participation rate

83.3%

68.9%+14.4pp

62.3%+21.0pp

81.2%+2.1pp

Annual return

-15.34%

25.46%-40.8pp

9.15%-24.5pp

418.37%-433.7pp

Employer contribution / active EE

$906

$2,525-64.1%

$1,704-46.9%

$4,742-80.9%

Participant deferral / active EE

$1,050

$3,756-72.0%

$2,656-60.5%

$6,401-83.6%

Admin fee / account holder

$847

$6,379-86.7%

$3,974-78.7%

$11,431-92.6%

UNION STORAGE AND TRANSFER COMPANY 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UNION STORAGE AND TRANSFER COMPANY 401(K) PROFIT SHARING 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