Retirement plan

SUNLAND LOGISTICS SOLUTIONS, INC. 401(K) SALARY REDUCTION PLAN & TRUST

Name: SUNLAND LOGISTICS SOLUTIONS, INC. - SUNLAND LOGISTICS SOLUTIONS, INC. 401(K) SALARY REDUCTION PLAN & TRUST (2024) Form 5500
Creator: SUNLAND LOGISTICS SOLUTIONS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SUNLAND LOGISTICS SOLUTIONS, INC. 401(K) SALARY REDUCTION PLAN & TRUST, SUNLAND LOGISTICS SOLUTIONS, INC.

SUNLAND LOGISTICS SOLUTIONS, INC.EIN 57-0738510Plan #001PY 2024

1312 OLD STAGE ROAD, SUITE A - SIMPSONVILLE, SC 29681864-295-0081sunlandlogisticssolutions.comLinkedIn501-1000 employeeslogistics and supply chain

Prospect flagsLow returnsLow fidelity bondCorrective distributions

How to read this page

Total assets (EOY)

$12.1M

+16.4% from 2023

Total participants

509

-15.0% from 2023

Average account balance

$23,730

+31.7% from 2023

Annual return

11.90%

-13.91 pp from 2023

Benchmarks

See 111 peers

Peer group

Industry49 - Transportation and Warehousing

Plan typeDefined contribution

Participants250-999

Cohort111 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.08M

Not enough data

1 years with asset history on file

Average account balance

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

$24K

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.

509

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.73M

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

+11.90%

Not enough data

1 years with return on file

Admin fee / account holder

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

$219

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 4 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL8 years Service code 37 · EIN 04-2647786	Loan Processing	$70,578
MATCH GRADE ADVISORS, LLC7 years Filed as: MATCH GRADE ADVISORS LLC Service code 27 · EIN 83-1832626	Advisory (Plan)	$42,651
DODGE & COX1 year Filed as: DODGE & COX INCOME I - SS&C GIDS Service code 60	Sub-TA Fees	$0
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$0

Plan features & details

Pension benefit codes2K2J2S2T3D2E2F2G

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

3 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$111K

$359 / participant

Contract admin$111K100.0%

% of EOY assets

0.921%

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: CHERRY BEKAERT, LLP
Auditor EIN: 560574444
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$23,730

$36,806-35.5%

$69,611-65.9%

$77,714-69.5%

Participation rate

100.0%

64.4%+35.6pp

66.4%+33.6pp

70.6%+29.4pp

Annual return

11.90%

38.81%-26.9pp

101.14%-89.2pp

31.26%-19.4pp

Employer contribution / active EE

$2,945

$1,257+134.3%

$1,709+72.4%

$2,727+8.0%

Participant deferral / active EE

$5,863

$2,738+114.1%

$2,891+102.8%

$4,649+26.1%

Admin fee / account holder

$219

$507-56.9%

$4,696-95.3%

$433-49.6%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL8 years

Service code 37 · EIN 04-2647786

Loan Processing

$70,578

MATCH GRADE ADVISORS, LLC7 years

Filed as: MATCH GRADE ADVISORS LLC

Service code 27 · EIN 83-1832626

Advisory (Plan)

$42,651

DODGE & COX1 year

Filed as: DODGE & COX INCOME I - SS&C GIDS

Service code 60

Sub-TA Fees

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY O

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

SUNLAND LOGISTICS SOLUTIONS, INC. 401(K) SALARY REDUCTION PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SUNLAND LOGISTICS SOLUTIONS, INC. 401(K) SALARY REDUCTION PLAN & TRUST

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