Retirement plan

FIRST EXPRESS 401(K) PLAN

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

FIRST EXPRESS, INC.EIN 62-1560314Plan #001PY 2016

1135 FREIGHTLINER DRIVE - NASHVILLE, TN 37210615-244-1425

Prospect flagsHigh feesLow participationLow fidelity bondCorrective distributions

How to read this page

Total assets (EOY)

$2.2M

+9.1% from 2015

Total participants

104

-8.8% from 2015

Average account balance

$55,829

+36.3% from 2015

Annual return

7.11%

+8.79 pp from 2015

Benchmarks

See 3,429 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants25-99

Cohort3,429 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.72M

Not enough data

1 years with asset history on file

Average account balance

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

$69K

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.

75.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$376K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+11.68%

Not enough data

1 years with return on file

Admin fee / account holder

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

$708

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 5 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE2+ years Service code 64 · EIN 84-0467907 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$16,433
INVESTMENT PLANNERS INC2+ years Filed as: INVESTMENT PLANNERS, INC. Service code 55	Other Commissions	$10,039
AVINTUS2+ years Filed as: AVINTUS, LLC Service code 13 · EIN 04-3682160 113 SEABOARD LANE, STE B150 · FRANKLIN, TN 37067	Contract Administrator	$5,537
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER Service code 28 · EIN 84-0467907 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$14
INVESTMENT PLANNERS INC2+ years Filed as: INVESTMENT PLANNERS, INC Service code 55 · EIN 54-2085932 PO BOX 170 · DECATUR, IL 625250170	Other 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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$21K

$210 / participant

Other / not subdivided$21K100.0%

% of EOY assets

0.922%

all-in expense ratio

Categories reported

0 / 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: DUNCAN, WHEELER, & WILKERSON, P.C.
Auditor EIN: 621756307
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$55,829

$47,944+16.4%

$67,834-17.7%

$62,881-11.2%

Participation rate

34.7%

61.1%-26.4pp

68.8%-34.1pp

69.3%-34.6pp

Annual return

7.11%

11.77%-4.7pp

138.47%-131.4pp

20.14%-13.0pp

Employer contribution / active EE

$765

$1,562-51.0%

$2,403-68.2%

$2,281-66.4%

Participant deferral / active EE

$1,814

$2,247-19.3%

$3,160-42.6%

$3,203-43.4%

Admin fee / account holder

$515

$3,712-86.1%

$4,622-88.9%

$4,296-88.0%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE2+ years

Service code 64 · EIN 84-0467907

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$16,433

INVESTMENT PLANNERS INC2+ years

Filed as: INVESTMENT PLANNERS, INC.

Service code 55

Other Commissions

$10,039

AVINTUS2+ years

Filed as: AVINTUS, LLC

Service code 13 · EIN 04-3682160

113 SEABOARD LANE, STE B150 · FRANKLIN, TN 37067

Contract Administrator

$5,537

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER

Service code 28 · EIN 84-0467907

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$14

INVESTMENT PLANNERS INC2+ years

Filed as: INVESTMENT PLANNERS, INC

Service code 55 · EIN 54-2085932

PO BOX 170 · DECATUR, IL 625250170

Other Commissions

FIRST EXPRESS 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FIRST EXPRESS 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