Retirement plan

HRSA-ILA ANNUITY & SAVINGS PLAN

Name: BOARD OF TRUSTEES OF THE HRSA-ILA ANNUITY & SAVINGS PLAN - HRSA-ILA ANNUITY & SAVINGS PLAN (2024) Form 5500
Creator: BOARD OF TRUSTEES OF THE HRSA-ILA ANNUITY & SAVINGS PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HRSA-ILA ANNUITY & SAVINGS PLAN, BOARD OF TRUSTEES OF THE HRSA-ILA ANNUITY & SAVINGS PLAN

BOARD OF TRUSTEES OF THE HRSA-ILA ANNUITY & SAVINGS PLANEIN 54-1839163Plan #001PY 2024

1355 INTERNATIONAL TERMINAL BLVD - NORFOLK, VA 235051458757-457-7090LinkedIn1001-5000 employeestransportation/trucking/railroad

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$254.3M

+18.6% from 2023

Total participants

3,329

-8.9% from 2023

Average account balance

$90,451

+20.4% from 2023

Annual return

13.43%

+0.01 pp from 2023

Benchmarks

See 265 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants1,000-4,999

Cohort265 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$254.26M

Not enough data

1 years with asset history on file

Average account balance

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

$90K

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.

2,811

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.

82.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$25.73M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+13.43%

Not enough data

1 years with return on file

Admin fee / account holder

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

$242

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

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

Service providers

Top 10 by compensation

Provider	Service type	Compensation
HRSA-ILA FRINGE BENEFIT ESCROW FUND9+ years Service code 13 · EIN 54-1218271	Contract Administrator	$215,830
BRIDGEWAY BENEFIT TECHNOLOGIES3 years Service code 16 · EIN 52-1796473	Consulting	$68,856
TOWNE INSURANCE9+ years Service code 22 · EIN 31-1774380	Insurance Broker	$54,398
DIVARIS PROPERTY MANAGEMENT LLC4 years Service code 32 · EIN 54-1358030	Other services; Real estate brokerage	$31,481
CALIBRE CPA GROUP PLLC9+ years Filed as: CALIBRE CPA GROUP, PLLC Service code 10 · EIN 47-0900880	Accounting	$29,200
WOODS ROGERS VANDEVENTER BLACK PLC3 years Service code 29 · EIN 54-1294386	Legal	$18,858
WELLS FARGO BANK, N.A.1 year Filed as: WELLS FARGO BANK Service code 21 · EIN 41-6257133	Bank Trustee	$11,282
WILLIG, WILLIAMS & DAVIDSON2 years Filed as: WILLIG, WILLAIMS & DAVIDSON Service code 29 · EIN 23-2416488	Legal	$7,610
ALLEGRA2 years Service code 49 · EIN 26-1463824	Other Services	$6,841
OMNI BUSINESS SOLUTIONS1 year Service code 16 · EIN 81-3382556	Consulting	$6,419

Plan features & details

Pension benefit codes2E2F2G2J2K2T

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.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$679K

$230 / participant

Trustee / custodial$11K1.7%
Legal$26K3.9%
Salaries / allowances$305K44.9%
Other / not subdivided$337K49.6%

% of EOY assets

0.267%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CALIBRE CPA GROUP, PLLC
Auditor EIN: 470900880
Audit fees: $29,200
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$90,451

$81,301+11.3%

$76,119+18.8%

$199,960-54.8%

Participation rate

82.4%

70.1%+12.4pp

69.1%+13.4pp

72.0%+10.4pp

Annual return

13.43%

16.31%-2.9pp

361.25%-347.8pp

34.28%-20.8pp

Employer contribution / active EE

$4,882

$3,352+45.6%

$2,693+81.3%

$3,036+60.8%

Participant deferral / active EE

$3,847

$4,721-18.5%

$4,259-9.7%

$5,087-24.4%

Admin fee / account holder

$242

$145+66.5%

$6,421-96.2%

$269-10.3%

Provider

Service type

Compensation

HRSA-ILA FRINGE BENEFIT ESCROW FUND9+ years

Service code 13 · EIN 54-1218271

Contract Administrator

$215,830

BRIDGEWAY BENEFIT TECHNOLOGIES3 years

Service code 16 · EIN 52-1796473

Consulting

$68,856

TOWNE INSURANCE9+ years

Service code 22 · EIN 31-1774380

Insurance Broker

$54,398

DIVARIS PROPERTY MANAGEMENT LLC4 years

Service code 32 · EIN 54-1358030

Other services; Real estate brokerage

$31,481

CALIBRE CPA GROUP PLLC9+ years

Filed as: CALIBRE CPA GROUP, PLLC

Service code 10 · EIN 47-0900880

Accounting

$29,200

WOODS ROGERS VANDEVENTER BLACK PLC3 years

Service code 29 · EIN 54-1294386

Legal

$18,858

WELLS FARGO BANK, N.A.1 year

Filed as: WELLS FARGO BANK

Service code 21 · EIN 41-6257133

Bank Trustee

$11,282

WILLIG, WILLIAMS & DAVIDSON2 years

Filed as: WILLIG, WILLAIMS & DAVIDSON

Service code 29 · EIN 23-2416488

Legal

$7,610

ALLEGRA2 years

Service code 49 · EIN 26-1463824

Other Services

$6,841

OMNI BUSINESS SOLUTIONS1 year

Service code 16 · EIN 81-3382556

Consulting

$6,419

HRSA-ILA ANNUITY & SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HRSA-ILA ANNUITY & 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