Retirement plan

ABBOTT CHARTERS & TOURS 401(K) SAVINGS PLAN

Name: ABBOTT CHARTERS & TOURS, INC - ABBOTT CHARTERS & TOURS 401(K) SAVINGS PLAN (2017) Form 5500
Creator: ABBOTT CHARTERS & TOURS, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ABBOTT CHARTERS & TOURS 401(K) SAVINGS PLAN, ABBOTT CHARTERS & TOURS, INC

ABBOTT CHARTERS & TOURS, INCEIN 54-0754127Plan #001PY 2017

1704 GRANBY STREET, NE - ROANOKE, VA 24012540-343-1133LinkedIn51-200 employeestransportation/trucking/railroad

Prospect flagsLow returnsHigh feesLow participationLow participant contribution

How to read this page

Total assets (EOY)

$1.3M

+2.8% from 2016

Total participants

134

+0.8% from 2016

Average account balance

$52,714

-1.4% from 2016

Annual return

2.38%

+0.11 pp from 2016

Benchmarks

See 1,029 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants100-249

Cohort1,029 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$955K

Not enough data

1 years with asset history on file

Average account balance

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

$50K

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.

33.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$152K

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

+9.61%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3467

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

Top 5 by compensation

Provider	Service type	Compensation
JOHN HANCOCK LIFE INSURANCE COMPANY1 year Filed as: JOHN M WATKINS DBA JOHN M WATKINS C Service code 10 840 APPERSON DR · SALEM, VA 24153	Accounting	$7,100
CREATIVE RETIREMENT SYSTEMS, INC.3+ years Filed as: CREATIVE RETIREMENT SYSTEMS,INC Service code 13 · EIN 31-1299207 25 MERCHANT ST STE 135 · CINCINNATI, OH 45246	Contract Administrator	$3,309
SECURIAN FINANCIAL SERVICES INC3+ years Filed as: SECURIAN FINANCIAL SERVICES, INC. Service code 55 400 ROBERT ST. N · ST. PAUL, MN 55101	Other Commissions	$603
GREAT-WEST LIFE & ANNUITY INSURANCE3+ years Service code 64 · EIN 84-0467907 8515 EAST ORCHARD RD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$581
GREAT-WEST LIFE & ANNUITY INSURANCE2+ years Filed as: EMPOWER RETIREMENT ADVISORY SERVICE Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$89

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.

Opportunity flags

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$10K

$78 / participant

Other / not subdivided$10K100.0%

% of EOY assets

0.780%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: JOHN M WATKINS, CPA
Auditor EIN: 542015795
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$52,714

$46,297+13.9%

$71,671-26.5%

$62,293-15.4%

Participation rate

13.4%

60.6%-47.3pp

68.7%-55.4pp

69.5%-56.1pp

Annual return

2.38%

22.32%-19.9pp

20.65%-18.3pp

28.90%-26.5pp

Employer contribution / active EE

$307

$1,412-78.2%

$2,460-87.5%

$2,042-84.9%

Participant deferral / active EE

$666

$2,235-70.2%

$3,438-80.6%

$3,169-79.0%

Admin fee / account holder

$411

$461-10.7%

$5,558-92.6%

$479-14.2%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY1 year

Filed as: JOHN M WATKINS DBA JOHN M WATKINS C

Service code 10

840 APPERSON DR · SALEM, VA 24153

Accounting

$7,100

CREATIVE RETIREMENT SYSTEMS, INC.3+ years

Filed as: CREATIVE RETIREMENT SYSTEMS,INC

Service code 13 · EIN 31-1299207

25 MERCHANT ST STE 135 · CINCINNATI, OH 45246

Contract Administrator

$3,309

SECURIAN FINANCIAL SERVICES INC3+ years

Filed as: SECURIAN FINANCIAL SERVICES, INC.

Service code 55

400 ROBERT ST. N · ST. PAUL, MN 55101

Other Commissions

$603

GREAT-WEST LIFE & ANNUITY INSURANCE3+ years

Service code 64 · EIN 84-0467907

8515 EAST ORCHARD RD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$581

GREAT-WEST LIFE & ANNUITY INSURANCE2+ years

Filed as: EMPOWER RETIREMENT ADVISORY SERVICE

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$89

ABBOTT CHARTERS & TOURS 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ABBOTT CHARTERS & TOURS 401(K) SAVINGS 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