Retirement plan

CUMBERLAND INTERNATIONAL TRUCKS, INC. 401K PLAN

Name: CUMBERLAND INTERNATIONAL TRUCKS, INC. - CUMBERLAND INTERNATIONAL TRUCKS, INC. 401K PLAN (2016) Form 5500
Creator: CUMBERLAND INTERNATIONAL TRUCKS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CUMBERLAND INTERNATIONAL TRUCKS, INC. 401K PLAN, CUMBERLAND INTERNATIONAL TRUCKS, INC.

CUMBERLAND INTERNATIONAL TRUCKS, INC.EIN 62-1041965Plan #001PY 2016

1901 LEBANON PIKE - NASHVILLE, TN 37210615-256-4633cumberlandinternationaltrucks.comLinkedIn51-200 employeestransportation/trucking/railroad

Prospect flagsLow returnsLow fidelity bond

How to read this page

Total assets (EOY)

$4.4M

+14.1% from 2015

Total participants

162

+10.2% from 2015

Average account balance

$28,885

-3.0% from 2015

Annual return

4.81%

+6.83 pp from 2015

Benchmarks

See 2,356 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,356 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$18.41M

Not enough data

1 years with asset history on file

Average account balance

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

$39K

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.

471

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.

94.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.76M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+15.15%

Not enough data

1 years with return on file

Admin fee / account holder

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

$289

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 3 by compensation

Provider	Service type	Compensation
FTB ADVISORS, INC.1 year Filed as: FTB ADVISORS Service code 27 · EIN 62-1254528	Advisory (Plan)	$11,355
TRANSAMERICA RETIREMENT SOLUTIONS1 year Filed as: TRANSAMERICA RETIREMENT SOLUTIONS L Service code 15 · EIN 13-3689044	Recordkeeping	$2,634
AVINTUS1 year Filed as: AVINTUS LL Service code 15 · EIN 04-3682160 113 SEABOARD LANE, STE B150 · FRANKLIN, TN 37067	Recordkeeping	$850

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

2 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).

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: HENDERSON, HUTCHERSON & MCCULLOUGH,
Auditor EIN: 621114363
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$28,885

$42,546-32.1%

$71,796-59.8%

$55,167-47.6%

Participation rate

92.4%

59.1%+33.3pp

69.1%+23.3pp

69.0%+23.4pp

Annual return

4.81%

12.36%-7.6pp

78.04%-73.2pp

169.23%-164.4pp

Employer contribution / active EE

$1,890

$803+135.3%

$1,924-1.8%

$1,963-3.7%

Participant deferral / active EE

$3,813

$2,064+84.7%

$2,794+36.5%

$3,054+24.9%

Admin fee / account holder

$650-100.0%

$4,815-100.0%

$504-100.0%

Provider

Service type

Compensation

FTB ADVISORS, INC.1 year

Filed as: FTB ADVISORS

Service code 27 · EIN 62-1254528

Advisory (Plan)

$11,355

TRANSAMERICA RETIREMENT SOLUTIONS1 year

Filed as: TRANSAMERICA RETIREMENT SOLUTIONS L

Service code 15 · EIN 13-3689044

Recordkeeping

$2,634

AVINTUS1 year

Filed as: AVINTUS LL

Service code 15 · EIN 04-3682160

113 SEABOARD LANE, STE B150 · FRANKLIN, TN 37067

Recordkeeping

$850

CUMBERLAND INTERNATIONAL TRUCKS, INC. 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

CUMBERLAND INTERNATIONAL TRUCKS, INC. 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion