Retirement plan

PENTAGON FREIGHT SERVICES, INC. 401(K) PLAN

Name: PENTAGON FREIGHT SERVICES, INC. - PENTAGON FREIGHT SERVICES, INC. 401(K) PLAN (2020) Form 5500
Creator: PENTAGON FREIGHT SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PENTAGON FREIGHT SERVICES, INC. 401(K) PLAN, PENTAGON FREIGHT SERVICES, INC.

PENTAGON FREIGHT SERVICES, INC.EIN 74-2109561Plan #002PY 2020

1211 E RICHEY ROAD - HOUSTON, TX 77073281-209-8800

Prospect flagsFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$6.2M

+6.2% from 2019

Total participants

161

-3.6% from 2019

Average account balance

$44,503

+23.8% from 2019

Annual return

13.04%

-7.32 pp from 2019

Benchmarks

See 1,062 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants100-249

Cohort1,062 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.66M

Not enough data

1 years with asset history on file

Average account balance

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

$27K

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.

207

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.

93.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$570K

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

+15.25%

Not enough data

1 years with return on file

Admin fee / account holder

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

$126

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 1 by compensation

Provider	Service type	Compensation
MINNESOTA LIFE INSURANCE COMPANY4+ years Filed as: MINNESOTA LIFE INSURANCE Service code 13 · EIN 41-0417830	Contract Administrator	$6,126

Plan features & details

Pension benefit codes2E2G2J2K2S2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.

Opportunity flags

2 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$6K

$54 / participant

Other / not subdivided$6K100.0%

% of EOY assets

0.099%

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: HARPER & PEARSON COMPANY, P.C.
Auditor EIN: 741695589
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$44,503

$55,636-20.0%

$81,982-45.7%

$73,497-39.4%

Participation rate

80.7%

62.3%+18.4pp

69.3%+11.4pp

70.7%+10.0pp

Annual return

13.04%

19.07%-6.0pp

41.31%-28.3pp

28.51%-15.5pp

Employer contribution / active EE

$854

$1,625-47.4%

$2,498-65.8%

$2,270-62.4%

Participant deferral / active EE

$2,323

$2,762-15.9%

$3,722-37.6%

$3,740-37.9%

Admin fee / account holder

$44

$493-91.1%

$5,665-99.2%

$513-91.4%

Provider

Service type

Compensation

MINNESOTA LIFE INSURANCE COMPANY4+ years

Filed as: MINNESOTA LIFE INSURANCE

Service code 13 · EIN 41-0417830

Contract Administrator

$6,126

PENTAGON FREIGHT SERVICES, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PENTAGON FREIGHT SERVICES, INC. 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