Retirement plan

WILEY SANDERS TRUCK LINES, INC. 401(K) PROFIT SHARING PLAN

Name: WILEY SANDERS TRUCK LINES, INC. - WILEY SANDERS TRUCK LINES, INC. 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: WILEY SANDERS TRUCK LINES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WILEY SANDERS TRUCK LINES, INC. 401(K) PROFIT SHARING PLAN, WILEY SANDERS TRUCK LINES, INC.

WILEY SANDERS TRUCK LINES, INC.EIN 63-0630434Plan #001PY 2024

100 SANDERS RD - TROY, AL 36079334-566-5184

Prospect flagsLow returnsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$43.3M

+14.7% from 2023

Total participants

2,114

+4.0% from 2023

Average account balance

$28,231

+11.4% from 2023

Annual return

10.06%

-2.54 pp from 2023

Benchmarks

See 265 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants1,000-4,999

Cohort265 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$43.33M

Not enough data

1 years with asset history on file

Average account balance

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

$28K

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.

1,535

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.

68.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$7.10M

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

+10.06%

Not enough data

1 years with return on file

Admin fee / account holder

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

$100

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
OSAIC WEALTH INC1 year Filed as: OSAIC WEALTH INC. Service code 27 · EIN 93-0987232	Advisory (Plan)	$101,343
TRANSAMERICA RETIREMENT SOLUTIONS8 years Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 39-0989781	Recordkeeping	$42,917
MCDANIEL & ASSOCIATES, PC2 years Filed as: MCDANIEL AND ASSOCIATES, PC Service code 10 · EIN 63-0921974	Accounting	$9,500

Plan features & details

Pension benefit codes2F2G2J2K3D2T3H

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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$154K

$84 / participant

Recordkeeping$43K27.9%
Investment mgmt$101K65.9%
Other / not subdivided$10K6.2%

% of EOY assets

0.355%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MCDANIEL AND ASSOCIATES PC
Auditor EIN: 630921974
Audit fees: $9,500
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$28,231

$81,301-65.3%

$76,119-62.9%

$199,960-85.9%

Participation rate

68.3%

70.1%-1.7pp

69.1%-0.7pp

72.0%-3.7pp

Annual return

10.06%

16.31%-6.2pp

361.25%-351.2pp

34.28%-24.2pp

Employer contribution / active EE

$1,552

$3,352-53.7%

$2,693-42.4%

$3,036-48.9%

Participant deferral / active EE

$2,333

$4,721-50.6%

$4,259-45.2%

$5,087-54.1%

Admin fee / account holder

$100

$145-30.9%

$6,421-98.4%

$269-62.8%

Provider

Service type

Compensation

OSAIC WEALTH INC1 year

Filed as: OSAIC WEALTH INC.

Service code 27 · EIN 93-0987232

Advisory (Plan)

$101,343

TRANSAMERICA RETIREMENT SOLUTIONS8 years

Filed as: TRANSAMERICA LIFE INSURANCE COMPANY

Service code 15 · EIN 39-0989781

Recordkeeping

$42,917

MCDANIEL & ASSOCIATES, PC2 years

Filed as: MCDANIEL AND ASSOCIATES, PC

Service code 10 · EIN 63-0921974

Accounting

$9,500

WILEY SANDERS TRUCK LINES, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WILEY SANDERS TRUCK LINES, INC. 401(K) PROFIT SHARING 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