Retirement plan

TIDEWATER FLEET SUPPLY, LLC 401(K) PLAN

Name: TIDEWATER FLEET SUPPLY, LLC - TIDEWATER FLEET SUPPLY, LLC 401(K) PLAN (2022) Form 5500
Creator: TIDEWATER FLEET SUPPLY, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TIDEWATER FLEET SUPPLY, LLC 401(K) PLAN, TIDEWATER FLEET SUPPLY, LLC

TIDEWATER FLEET SUPPLY, LLCEIN 59-3773233Plan #002PY 2022

3666 PROGRESS ROAD - NORFOLK, VA 23502757-436-7679tidewaterfleetsupply.comLinkedIn51-200 employeestransportation/trucking/railroad

Prospect flagsLow participationLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$7M

+27.6% from 2021

Total participants

211

+95.4% from 2021

Average account balance

$71,770

-20.6% from 2021

Annual return

38.59%

+26.55 pp from 2021

Benchmarks

See 2,289 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,289 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.93M

Not enough data

1 years with asset history on file

Average account balance

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

$115K

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.

54.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$283K

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

+18.31%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5494

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

Top 7 by compensation

Provider	Service type	Compensation
MMLIS1 year Service code 55	Other Commissions	$4,016
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Filed as: MML INVESTORS SERVICES INC Service code 53 · EIN 04-2746212 1295 STATE ST · SPRINGFIELD, MA 011110001	Insurance Commissions	$3,684
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 38 · EIN 04-1590850	Participant Communication	$3,160
DWC - THE 401(K) EXPERTS1 year Filed as: DWC - THE 401K EXPERTS Service code 13 · EIN 26-2091417 P.O. BOX 241267 · ST. PAUL, MN 55124	Contract Administrator	$2,040
DWC - THE 401(K) EXPERTS1 year Service code 13	Contract Administrator	$1,767
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$680
BAIRD FUNDS1 year Filed as: ROBERT P BURKE Service code 53 222 CENTRAL PARK AVE STE 1100 · VIRGINIA BEACH, VA 23462	Insurance Commissions	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$3K

$17 / participant

Contract admin$3K100.0%

% of EOY assets

0.045%

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: FORVIS, LLP
Auditor EIN: 440160260
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$71,770

$86,692-17.2%

$119,634-40.0%

$66,949+7.2%

Participation rate

40.5%

75.6%-35.1pp

79.3%-38.7pp

69.8%-29.3pp

Annual return

38.59%

-8.00%+46.6pp

-14.98%+53.6pp

1.57%+37.0pp

Employer contribution / active EE

$1,691

$2,536-33.3%

$4,232-60.0%

$2,545-33.5%

Participant deferral / active EE

$1,626

$4,360-62.7%

$5,601-71.0%

$4,239-61.7%

Admin fee / account holder

$32

$755-95.8%

$10,329-99.7%

$594-94.6%

Provider

Service type

Compensation

MMLIS1 year

Service code 55

Other Commissions

$4,016

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Filed as: MML INVESTORS SERVICES INC

Service code 53 · EIN 04-2746212

1295 STATE ST · SPRINGFIELD, MA 011110001

Insurance Commissions

$3,684

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 38 · EIN 04-1590850

Participant Communication

$3,160

DWC - THE 401(K) EXPERTS1 year

Filed as: DWC - THE 401K EXPERTS

Service code 13 · EIN 26-2091417

P.O. BOX 241267 · ST. PAUL, MN 55124

Contract Administrator

$2,040

DWC - THE 401(K) EXPERTS1 year

Service code 13

Contract Administrator

$1,767

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$680

BAIRD FUNDS1 year

Filed as: ROBERT P BURKE

Service code 53

222 CENTRAL PARK AVE STE 1100 · VIRGINIA BEACH, VA 23462

Insurance Commissions

TIDEWATER FLEET SUPPLY, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TIDEWATER FLEET SUPPLY, LLC 401(K) 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