Retirement plan

WERNER ENTERPRISES, INC. AND SUBSIDIARIES EMPLOYEES' 401(K) RETIREMENT PLAN

Name: WERNER ENTERPRISES, INC. - WERNER ENTERPRISES, INC. AND SUBSIDIARIES EMPLOYEES' 401(K) RETIREMENT PLAN (2021) Form 5500
Creator: WERNER ENTERPRISES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WERNER ENTERPRISES, INC. AND SUBSIDIARIES EMPLOYEES' 401(K) RETIREMENT PLAN, WERNER ENTERPRISES, INC.

WERNER ENTERPRISES, INC.EIN 47-0648386Plan #002PY 2021

14507 FRONTIER RD - OMAHA, NE 68138402-895-6640werner.comLinkedIn10001+ employeestransportation/trucking/railroad

Prospect flagsLow participationCorrective distributions

Top hat statement on fileNQDC

Filed January 8, 2025 (most recent of 3 filings on file)

Plan administrator

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14507 Frontier Road

Omaha, NE 68138

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Plans declared (1)

Werner Enterprises, Inc. Non-Qualified Deferred Compensation Plan136 emp

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Total assets (EOY)

$265.4M

-7.0% from 2016

Total participants

10,505

-0.3% from 2016

Average account balance

$55,110

-4.6% from 2016

Annual return

15.18%

-6.67 pp from 2016

Benchmarks

See 44 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants5,000-9,999

Cohort44 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$309.57M

Not enough data

1 years with asset history on file

Average account balance

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

$57K

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.

5,466

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.

42.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$27.96M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+15.09%

Not enough data

1 years with return on file

Admin fee / account holder

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

$94

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 10 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: GREAT WEST LIFE & ANNUITY INSURANCE Service code 49 · EIN 84-0467907	Other Services	$636,943
ADP BROKER-DEALER7+ years Filed as: PENSION CONSULTANTS, INC. Service code 17 · EIN 43-1685158	Pension Consulting	$87,000
MASSACHUSETTS MUTUAL LIFE INS. CO.7+ years Service code 15 · EIN 04-1590850	Recordkeeping	$57,439
MAYER HOFFMAN MCCANN P.C.1 year Filed as: MAYER HOFFMANN MCCANN P.C. Service code 10 · EIN 43-1947695	Accounting	$28,843
ALTA TRUST1 year Service code 52 · EIN 83-0524193	Indirect Investment Fees	$0
AMERICAN FUNDS5 years Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
DELAWARE INVESTMENTS5 years Service code 52 · EIN 23-2450217	Indirect Investment Fees	$0
EMERALD FUNDS5 years Service code 52 · EIN 23-2664857	Indirect Investment Fees	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Filed as: MASSACHUSETTS MUTUAL LIF INS. CO. Service code 52 · EIN 04-1590850	Indirect Investment Fees	$0
THE VANGUARD GROUP, INC.5 years Filed as: VANGUARD Service code 52 · EIN 51-0071687	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2J2F2G2K3H2T3D

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.
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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$810K

$84 / participant

Contract admin$810K100.0%

% of EOY assets

0.305%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MAYER HOFFMAN MCCANN P.C.
Auditor EIN: 431947695
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$55,110

$107,339-48.7%

$85,708-35.7%

$101,555-45.7%

Participation rate

40.8%

73.0%-32.1pp

69.9%-29.1pp

74.5%-33.7pp

Annual return

15.18%

20.15%-5.0pp

21.49%-6.3pp

21.00%-5.8pp

Employer contribution / active EE

$518

$3,291-84.3%

$2,618-80.2%

$2,972-82.6%

Participant deferral / active EE

$1,741

$4,375-60.2%

$3,922-55.6%

$4,874-64.3%

Admin fee / account holder

$168

$106+58.2%

$6,876-97.6%

$139+20.6%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: GREAT WEST LIFE & ANNUITY INSURANCE

Service code 49 · EIN 84-0467907

Other Services

$636,943

ADP BROKER-DEALER7+ years

Filed as: PENSION CONSULTANTS, INC.

Service code 17 · EIN 43-1685158

Pension Consulting

$87,000

MASSACHUSETTS MUTUAL LIFE INS. CO.7+ years

Service code 15 · EIN 04-1590850

Recordkeeping

$57,439

MAYER HOFFMAN MCCANN P.C.1 year

Filed as: MAYER HOFFMANN MCCANN P.C.

Service code 10 · EIN 43-1947695

Accounting

$28,843

ALTA TRUST1 year

Service code 52 · EIN 83-0524193

Indirect Investment Fees

AMERICAN FUNDS5 years

Service code 52 · EIN 95-1411037

Indirect Investment Fees

DELAWARE INVESTMENTS5 years

Service code 52 · EIN 23-2450217

Indirect Investment Fees

EMERALD FUNDS5 years

Service code 52 · EIN 23-2664857

Indirect Investment Fees

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Filed as: MASSACHUSETTS MUTUAL LIF INS. CO.

Service code 52 · EIN 04-1590850

Indirect Investment Fees

THE VANGUARD GROUP, INC.5 years

Filed as: VANGUARD

Service code 52 · EIN 51-0071687

Indirect Investment Fees

WERNER ENTERPRISES, INC. AND SUBSIDIARIES EMPLOYEES' 401(K) 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

WERNER ENTERPRISES, INC. AND SUBSIDIARIES EMPLOYEES' 401(K) 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