Retirement plan

EMPLOYEE BENEFIT PLAN OF ADAMS MOTOR EXPRESS, INC.

Name: ADAMS MOTOR EXPRESS, INC. - EMPLOYEE BENEFIT PLAN OF ADAMS MOTOR EXPRESS, INC. (2020) Form 5500
Creator: ADAMS MOTOR EXPRESS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF ADAMS MOTOR EXPRESS, INC., ADAMS MOTOR EXPRESS, INC.

ADAMS MOTOR EXPRESS, INC.EIN 58-1788668Plan #001PY 2020

PO BOX 450 - CARNESVILLE, GA 305210450706-384-4533

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$1.2M

+2.1% from 2019

Total participants

-3.0% from 2019

Average account balance

$42,397

+16.7% from 2019

Annual return

-1.54%

-11.37 pp from 2019

Benchmarks

See 3,735 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants25-99

Cohort3,735 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.26M

Not enough data

1 years with asset history on file

Average account balance

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

$78K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$25K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+7.73%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6289

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2F2G2T3D

Plan features

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.
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

2 tripped

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

$51K

$1807 / participant

Other / not subdivided$51K100.0%

% of EOY assets

4.263%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$42,397

$59,839-29.1%

$81,988-48.3%

$79,858-46.9%

Participation rate

85.7%

61.6%+24.1pp

69.3%+16.5pp

69.6%+16.1pp

Annual return

-1.54%

17.56%-19.1pp

41.31%-42.9pp

31.72%-33.3pp

Employer contribution / active EE

$2,109

$1,713+23.1%

$2,498-15.6%

$2,471-14.6%

Participant deferral / active EE

$1,202

$2,695-55.4%

$3,722-67.7%

$3,740-67.9%

Admin fee / account holder

$1,807

$4,287-57.8%

$5,665-68.1%

$5,306-65.9%

EMPLOYEE BENEFIT PLAN OF ADAMS MOTOR EXPRESS, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF ADAMS MOTOR EXPRESS, INC.

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