Retirement plan

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

Name: BENNETT MOTOR EXPRESS MANAGEMENT, INC. - BENNETT MOTOR EXPRESS MANAGEMENT, INC. 401(K) PLAN (2016) 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 2016

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

Prospect flagsLow participationCorrective distributions

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)

$19.3M

+12.2% from 2015

Total participants

1,040

+5.9% from 2015

Average account balance

$40,536

+7.0% from 2015

Annual return

7.61%

+7.53 pp from 2015

Benchmarks

See 634 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants250-999

Cohort634 peers

Snapshot2016

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 8 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS2+ years Filed as: TRANSAMERICA FINANCIAL LIFE INSURAN Service code 15 · EIN 36-6071399	Recordkeeping	$71,744
KESTRA INVESTMENT SERVICES LLC1 year Filed as: KESTRA INVESTMENT SERVICES, LLC Service code 22	Insurance Broker	$26,176
NFP RETIREMENT INC2+ years Filed as: NFP ADVISOR SERVICES, LLC Service code 22	Insurance Broker	$14,137
MOORE COLSON1 year Service code 10 · EIN 58-1653941	Accounting	$7,960
PESNION FINANCIAL SERVICES, INC.1 year Service code 15	Recordkeeping	$3,133
KESTRA INVESTMENT SERVICES LLC1 year Filed as: KESTRA INVESTMENT SERVICES Service code 27 · EIN 74-2794194	Advisory (Plan)	$0
NFP RETIREMENT INC2+ years Filed as: NFP ADVISORS SERVICES, LLC Service code 22 · EIN 74-2794194	Insurance Broker	$0
PENSION FINANCIAL SERVICES, INC.2+ years Service code 15 · EIN 58-1485803	Recordkeeping	$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.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$85K

$90 / participant

Contract admin$85K100.0%

% of EOY assets

0.441%

all-in expense ratio

Categories reported

1 / 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: MOORE COLSON & COMPANY, P.C.
Auditor EIN: 581653941
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$40,536

$39,819+1.8%

$67,834-40.2%

$57,658-29.7%

Participation rate

40.2%

61.2%-21.0pp

68.8%-28.6pp

70.2%-30.0pp

Annual return

7.61%

9.19%-1.6pp

138.47%-130.9pp

5.13%+2.5pp

Employer contribution / active EE

$260

$1,277-79.7%

$2,403-89.2%

$1,974-86.8%

Participant deferral / active EE

$1,583

$2,209-28.3%

$3,160-49.9%

$3,061-48.3%

Admin fee / account holder

$179

$84+113.8%

$4,622-96.1%

$95+89.1%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS2+ years

Filed as: TRANSAMERICA FINANCIAL LIFE INSURAN

Service code 15 · EIN 36-6071399

Recordkeeping

$71,744

KESTRA INVESTMENT SERVICES LLC1 year

Filed as: KESTRA INVESTMENT SERVICES, LLC

Service code 22

Insurance Broker

$26,176

NFP RETIREMENT INC2+ years

Filed as: NFP ADVISOR SERVICES, LLC

Service code 22

Insurance Broker

$14,137

MOORE COLSON1 year

Service code 10 · EIN 58-1653941

Accounting

$7,960

PESNION FINANCIAL SERVICES, INC.1 year

Service code 15

Recordkeeping

$3,133

KESTRA INVESTMENT SERVICES LLC1 year

Filed as: KESTRA INVESTMENT SERVICES

Service code 27 · EIN 74-2794194

Advisory (Plan)

NFP RETIREMENT INC2+ years

Filed as: NFP ADVISORS SERVICES, LLC

Service code 22 · EIN 74-2794194

Insurance Broker

PENSION FINANCIAL SERVICES, INC.2+ years

Service code 15 · EIN 58-1485803

Recordkeeping

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