Retirement plan

DEFINED CONTRIBUTION PLAN FOR MID-SOUTH TRANSPORTATION MANAGEMENT, INC.

Name: MID-SOUTH TRANSPORTATION MANAGEMENT, INC. - DEFINED CONTRIBUTION PLAN FOR MID-SOUTH TRANSPORTATION MANAGEMENT, INC. (2020) Form 5500
Creator: MID-SOUTH TRANSPORTATION MANAGEMENT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DEFINED CONTRIBUTION PLAN FOR MID-SOUTH TRANSPORTATION MANAGEMENT, INC., MID-SOUTH TRANSPORTATION MANAGEMENT, INC.

MID-SOUTH TRANSPORTATION MANAGEMENT, INC.EIN 62-1164500Plan #002PY 2020

1370 LEVEE ROAD - MEMPHIS, TN 38108901-722-7112LinkedIn501-1000 employeestransportation/trucking/railroad

Other plans on this EIN

1 filing

#001Retirement-$118.6M assets

Prospect flagsNo flags tripped

Top hat statement on fileNQDC

Filed October 24, 1994

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$10.3M

+47.1% from 2019

Total participants

411

+5.1% from 2019

Average account balance

$25,628

+32.4% from 2019

Annual return

17.83%

-5.49 pp from 2019

Benchmarks

See 659 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants250-999

Cohort659 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$17.68M

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.

452

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.

99.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.46M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+8.01%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1337

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 COMPANY3 years Service code 13 · EIN 42-0127290	Contract Administrator	$47,361
FTB ADVISORS, INC.2 years Filed as: FTB ADVISOR INC Service code 27 · EIN 62-1254528	Advisory (Plan)	$36,872
ELLIS BENEFITS GROUP, INC.2 years Filed as: ELLIS BENEFITS GROUP, INC Service code 13 · EIN 62-1417683	Contract Administrator	$9,692
EVANS PETREE4 years Service code 29 · EIN 62-0998330	Legal	$5,548

Plan features & details

Pension benefit codes2F2G2J2K3D

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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$102K

$287 / participant

Investment mgmt$37K36.1%
Contract admin$57K55.9%
Other / not subdivided$8K8.0%

% of EOY assets

0.993%

all-in expense ratio

Categories reported

2 / 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: BANKS, FINLEY, WHITE & CO.
Auditor EIN: 621145254
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$25,628

$51,288-50.0%

$81,982-68.7%

$73,412-65.1%

Participation rate

97.2%

64.0%+33.2pp

69.3%+27.9pp

72.2%+25.0pp

Annual return

17.83%

29.48%-11.7pp

41.31%-23.5pp

59.30%-41.5pp

Employer contribution / active EE

$3,437

$1,487+131.2%

$2,498+37.6%

$2,234+53.9%

Participant deferral / active EE

$3,785

$2,715+39.4%

$3,722+1.7%

$3,806-0.6%

Admin fee / account holder

$254

$125+103.1%

$5,665-95.5%

$158+61.2%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY3 years

Service code 13 · EIN 42-0127290

Contract Administrator

$47,361

FTB ADVISORS, INC.2 years

Filed as: FTB ADVISOR INC

Service code 27 · EIN 62-1254528

Advisory (Plan)

$36,872

ELLIS BENEFITS GROUP, INC.2 years

Filed as: ELLIS BENEFITS GROUP, INC

Service code 13 · EIN 62-1417683

Contract Administrator

$9,692

EVANS PETREE4 years

Service code 29 · EIN 62-0998330

Legal

$5,548

DEFINED CONTRIBUTION PLAN FOR MID-SOUTH TRANSPORTATION MANAGEMENT, INC.

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DEFINED CONTRIBUTION PLAN FOR MID-SOUTH TRANSPORTATION MANAGEMENT, INC.

Top hat statement on fileNQDC

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