Retirement plan

FLEET DRIVER SERVICE, INC. 401(K) PLAN

Name: FLEET DRIVER SERVICE, INC. - FLEET DRIVER SERVICE, INC. 401(K) PLAN (2024) Form 5500
Creator: FLEET DRIVER SERVICE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FLEET DRIVER SERVICE, INC. 401(K) PLAN, FLEET DRIVER SERVICE, INC.

FLEET DRIVER SERVICE, INC.EIN 45-3685803Plan #333PY 2024

705 CROSS AVENUE - RUSSELLVILLE, AL 35653256-740-5552

Prospect flagsLow returnsLow assets / participantWind-down / frozen

How to read this page

Total assets (EOY)

$400K

-41.5% from 2023

Total participants

195

-49.5% from 2023

Average account balance

$2,137

-0.3% from 2023

Annual return

6.64%

-9.91 pp from 2023

Benchmarks

See 5,433 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants25-99

Cohort5,433 peers

Snapshot2024

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

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Analytics

Total assets (EOY)

Plan-year ending balance

$400K

Not enough data

1 years with asset history on file

Average account balance

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

$2K

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.

187

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.

71.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$142K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+6.64%

Not enough data

1 years with return on file

Admin fee / account holder

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

$266

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 4 by compensation

Provider	Service type	Compensation
ERISA SERVICES, INC.2 years Filed as: ERISA SERVICES OF ALABAMA, LLC Service code 15 · EIN 86-2724986	Recordkeeping	$27,291
TRANSAMERICA RETIREMENT SOLUTIONS2 years Filed as: TRANSAMERICA FINANCIAL LIFE INS CO Service code 15 · EIN 36-6071399	Recordkeeping	$22,401
MESIROW FINANCIAL INVESTMENT MANAGE1 year Filed as: MESIROW FINANCIAL, INC. Service code 27 · EIN 36-3194849	Advisory (Plan)	$127
OSAIC WEALTH INC1 year Service code 22 · EIN 93-0987232	Insurance Broker	$0

Plan features & details

Pension benefit codes2A2E2J2K2F2G3D3H2S

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
InformationalWind-down / frozen
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

Expense breakdown

Schedule H Part II

Admin total

$50K

$1779 / participant

Recordkeeping$50K100.0%

% of EOY assets

12.466%

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: DIPIAZZA LAROCCA HEETER & CO, LLC
Auditor EIN: 233731278
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$2,137

$57,016-96.3%

$84,966-97.5%

$80,856-97.4%

Participation rate

71.4%

56.3%+15.1pp

67.5%+3.9pp

67.6%+3.8pp

Annual return

6.64%

21.66%-15.0pp

66.38%-59.7pp

35.59%-29.0pp

Employer contribution / active EE

$364

$1,798-79.7%

$2,727-86.6%

$2,755-86.8%

Participant deferral / active EE

$4,722

$3,110+51.8%

$4,519+4.5%

$4,296+9.9%

Admin fee / account holder

$266

$4,980-94.7%

$6,149-95.7%

$6,918-96.1%

Provider

Service type

Compensation

ERISA SERVICES, INC.2 years

Filed as: ERISA SERVICES OF ALABAMA, LLC

Service code 15 · EIN 86-2724986

Recordkeeping

$27,291

TRANSAMERICA RETIREMENT SOLUTIONS2 years

Filed as: TRANSAMERICA FINANCIAL LIFE INS CO

Service code 15 · EIN 36-6071399

Recordkeeping

$22,401

MESIROW FINANCIAL INVESTMENT MANAGE1 year

Filed as: MESIROW FINANCIAL, INC.

Service code 27 · EIN 36-3194849

Advisory (Plan)

$127

OSAIC WEALTH INC1 year

Service code 22 · EIN 93-0987232

Insurance Broker

FLEET DRIVER SERVICE, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FLEET DRIVER SERVICE, INC. 401(K) 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