Retirement plan

SAIA MOTOR FREIGHT LINE, LLC 401(K) PLAN

Name: SAIA MOTOR FREIGHT LINE, LLC - SAIA MOTOR FREIGHT LINE, LLC 401(K) PLAN (2022) Form 5500
Creator: SAIA MOTOR FREIGHT LINE, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SAIA MOTOR FREIGHT LINE, LLC 401(K) PLAN, SAIA MOTOR FREIGHT LINE, LLC

SAIA MOTOR FREIGHT LINE, LLCEIN 72-0524060Plan #001PY 2022

11465 JOHNS CREEK PARKWAY, SUITE 400 - JOHNS CREEK, GA 30097985-868-1030LinkedIn11-50 employeespackage/freight delivery

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$450.3M

-8.5% from 2016

Total participants

13,225

-8.2% from 2016

Average account balance

$56,899

-3.0% from 2016

Annual return

-17.39%

-5.42 pp from 2016

Benchmarks

See 51 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants>=10,000

Cohort51 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$669.80M

Not enough data

1 years with asset history on file

Average account balance

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

$68K

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.

9,921

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.

58.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$77.92M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+17.40%

Not enough data

1 years with return on file

Admin fee / account holder

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

$43

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 4 by compensation

Provider	Service type	Compensation
STRATEGIC ADVISORS, INC.1 year Service code 27 · EIN 04-2654524	Advisory (Plan)	$193,927
NORTHWESTERN MUTUAL INVESTMENT SERV7 years Filed as: NORTHWESTERN MUTUAL Service code 28 · EIN 39-2018056	Investment Management	$80,000
HANCOCK ASKEW & CO., LLP4 years Filed as: HANCOCK ASKEW & CO, LLP Service code 10 · EIN 58-0662558	Accounting	$23,000
FIDELITY INVESTMENTS INSTITUTIONAL8+ years Service code 37 · EIN 04-2647786	Loan Processing	-$4,636

Plan features & details

Pension benefit codes2E2F2G2J2K2T3B3D

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.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$292K

$24 / participant

Investment mgmt$194K66.3%
Other / not subdivided$98K33.7%

% of EOY assets

0.065%

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: HANCOCK ASKEW & CO, LLP
Auditor EIN: 580662558
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$56,899

$96,461-41.0%

$68,815-17.3%

$89,433-36.4%

Participation rate

56.8%

64.2%-7.3pp

69.0%-12.2pp

71.3%-14.4pp

Annual return

-17.39%

-13.05%-4.3pp

-6.37%-11.0pp

-11.88%-5.5pp

Employer contribution / active EE

$1,185

$3,671-67.7%

$2,656-55.4%

$3,021-60.8%

Participant deferral / active EE

$3,458

$4,123-16.1%

$3,943-12.3%

$5,125-32.5%

Admin fee / account holder

$37

$102-63.7%

$4,936-99.3%

$79-53.5%

Provider

Service type

Compensation

STRATEGIC ADVISORS, INC.1 year

Service code 27 · EIN 04-2654524

Advisory (Plan)

$193,927

NORTHWESTERN MUTUAL INVESTMENT SERV7 years

Filed as: NORTHWESTERN MUTUAL

Service code 28 · EIN 39-2018056

Investment Management

$80,000

HANCOCK ASKEW & CO., LLP4 years

Filed as: HANCOCK ASKEW & CO, LLP

Service code 10 · EIN 58-0662558

Accounting

$23,000

FIDELITY INVESTMENTS INSTITUTIONAL8+ years

Service code 37 · EIN 04-2647786

Loan Processing

-$4,636

SAIA MOTOR FREIGHT LINE, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SAIA MOTOR FREIGHT LINE, 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