Retirement plan

BENNETT MOTOR EXPRESS MANAGEMENT, INC. 401(K) PLAN

Name: BENNETT MOTOR EXPRESS MANAGEMENT, INC. - BENNETT MOTOR EXPRESS MANAGEMENT, INC. 401(K) PLAN (2024) Form 5500
Creator: BENNETT MOTOR EXPRESS MANAGEMENT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BENNETT MOTOR EXPRESS MANAGEMENT, INC. 401(K) PLAN, BENNETT MOTOR EXPRESS MANAGEMENT, INC.

BENNETT MOTOR EXPRESS MANAGEMENT, INC.EIN 58-1751514Plan #001PY 2024

1001 INDUSTRIAL PARKWAY - MCDONOUGH, GA 302530000770-957-1866LinkedIn1001-5000 employeespackage/freight delivery

Prospect flagsLow participationLow employer contribution

Top hat statement on fileNQDC

Filed October 7, 2019

Plan administrator

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1001 Industrial Parkway

McDonough, GA 30253

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Plans declared (1)

Bennett Motor Express Management Inc. Deferred Compensation Plan4 emp

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Total assets (EOY)

$38.2M

+6.4% from 2023

Total participants

1,208

-2.5% from 2023

Average account balance

$67,326

-3.1% from 2023

Annual return

14.26%

-1.70 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

$38.24M

Not enough data

1 years with asset history on file

Average account balance

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

$67K

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.

568

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.

43.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.74M

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

+14.26%

Not enough data

1 years with return on file

Admin fee / account holder

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

$276

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
PRINCIPAL LIFE INSURANCE COMPANY6 years Filed as: PRINICPAL LIFE INSURANCE COMPANY Service code 13 · EIN 42-0127290	Contract Administrator	$157,176
CAMBRIDGE INVESTMENT RESEARCH6 years Filed as: CAMBRIDGE INVESTMENT RESEARCH ADVIS Service code 27 · EIN 20-1665305	Advisory (Plan)	$78,759
PENSION FINANCIAL SERVICES, INC.5 years Filed as: PENSION FINANCIAL SERVICES Service code 49	Other Services	$18,907
PENSION FINANCIAL SERVICES, INC.10+ years Service code 49 · EIN 58-1485803	Other Services	$0

Plan features & details

Pension benefit codes2E2G2J2K3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$157K

$139 / participant

Contract admin$157K100.0%

% of EOY assets

0.410%

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: MOORE COLSON & COMAPNY, P.C.
Auditor EIN: 581653941
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$67,326

$81,301-17.2%

$76,119-11.6%

$199,960-66.3%

Participation rate

43.2%

70.1%-26.9pp

69.1%-25.9pp

72.0%-28.8pp

Annual return

14.26%

16.31%-2.1pp

361.25%-347.0pp

34.28%-20.0pp

Employer contribution / active EE

$381

$3,352-88.6%

$2,693-85.9%

$3,036-87.5%

Participant deferral / active EE

$2,940

$4,721-37.7%

$4,259-31.0%

$5,087-42.2%

Admin fee / account holder

$276

$145+90.2%

$6,421-95.7%

$269+2.5%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY6 years

Filed as: PRINICPAL LIFE INSURANCE COMPANY

Service code 13 · EIN 42-0127290

Contract Administrator

$157,176

CAMBRIDGE INVESTMENT RESEARCH6 years

Filed as: CAMBRIDGE INVESTMENT RESEARCH ADVIS

Service code 27 · EIN 20-1665305

Advisory (Plan)

$78,759

PENSION FINANCIAL SERVICES, INC.5 years

Filed as: PENSION FINANCIAL SERVICES

Service code 49

Other Services

$18,907

PENSION FINANCIAL SERVICES, INC.10+ years

Service code 49 · EIN 58-1485803

Other Services

BENNETT MOTOR EXPRESS MANAGEMENT, INC. 401(K) 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

BENNETT MOTOR EXPRESS MANAGEMENT, INC. 401(K) 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