Retirement plan

WACO TRANSIT SYSTEM 401(K) PLAN

Name: WACO TRANSIT SYSTEM, INC. - WACO TRANSIT SYSTEM 401(K) PLAN (2021) Form 5500
Creator: WACO TRANSIT SYSTEM, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WACO TRANSIT SYSTEM 401(K) PLAN, WACO TRANSIT SYSTEM, INC.

WACO TRANSIT SYSTEM, INC.EIN 74-1878112Plan #001PY 2021

301 SOUTH 8TH STREET, SUITE 100, - WACO, TX 76701254-750-1613wacotransitsystem.comLinkedIn51-200 employeestransportation/trucking/railroad

Prospect flagsLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$1.9M

No prior year

Total participants

131

No prior year

Average account balance

$15,115

No prior year

Annual return

0.00%

No prior year

Benchmarks

See 1,070 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants100-249

Cohort1,070 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.04M

Not enough data

1 years with asset history on file

Average account balance

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

$16K

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.

128

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.

77.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$255K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+5.03%

Not enough data

1 years with return on file

Admin fee / account holder

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

$449

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 2 by compensation

Provider	Service type	Compensation
PRUDENTIAL RETIREMENT INSURANCE AND1+ years Service code 13 · EIN 06-1050034	Contract Administrator	$8,379
SAGEPOINT FINANCIAL INC1+ years Filed as: FSC SECURITIES CORP Service code 27 · EIN 58-1288674	Advisory (Plan)	$2,286

Plan features & details

Pension benefit codes2T2E2F2G2J3D3H

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.
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

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$11K

$103 / participant

Other / not subdivided$11K100.0%

% of EOY assets

0.576%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BAKER TILLY US, LLP
Auditor EIN: 390859910
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$15,115

$60,776-75.1%

$85,693-82.4%

$79,393-81.0%

Participation rate

93.3%

62.1%+31.2pp

69.9%+23.5pp

70.7%+22.6pp

Annual return

0.00%

16.57%-16.6pp

21.49%-21.5pp

116.87%-116.9pp

Employer contribution / active EE

$2,309

$1,663+38.8%

$2,618-11.8%

$2,428-4.9%

Participant deferral / active EE

$903

$2,919-69.0%

$3,923-77.0%

$4,046-77.7%

Admin fee / account holder

$87

$438-80.2%

$6,874-98.7%

$627-86.1%

Provider

Service type

Compensation

PRUDENTIAL RETIREMENT INSURANCE AND1+ years

Service code 13 · EIN 06-1050034

Contract Administrator

$8,379

SAGEPOINT FINANCIAL INC1+ years

Filed as: FSC SECURITIES CORP

Service code 27 · EIN 58-1288674

Advisory (Plan)

$2,286

WACO TRANSIT SYSTEM 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WACO TRANSIT SYSTEM 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