Retirement plan

RUSH ENTERPRISES, INC. EMPLOYEE 401(K) PLAN

Name: RUSH ENTERPRISES, INC. - RUSH ENTERPRISES, INC. EMPLOYEE 401(K) PLAN (2022) Form 5500
Creator: RUSH ENTERPRISES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RUSH ENTERPRISES, INC. EMPLOYEE 401(K) PLAN, RUSH ENTERPRISES, INC.

RUSH ENTERPRISES, INC.EIN 74-2786267Plan #001PY 2022

555 IH 35 S - NEW BRAUNFELS, TX 78130830-302-5200rushenterprises.comLinkedIn5001-10000 employeestransportation/trucking/railroad

Prospect flagsFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$397.6M

+12.9% from 2022

Total participants

8,961

-3.6% from 2022

Average account balance

$47,120

+25.1% from 2022

Annual return

-13.78%

+27.71 pp from 2022

Benchmarks

See 45 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants5,000-9,999

Cohort45 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$548.28M

Not enough data

1 years with asset history on file

Average account balance

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

$64K

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.

8,508

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.

93.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$60.54M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+13.91%

Not enough data

1 years with return on file

Admin fee / account holder

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

$91

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
FIDELITY INVESTMENTS INSTITUTIONAL2+ years Service code 37 · EIN 04-2647786	Loan Processing	$493,530
STRATEGIC ADVISORS, INC.2+ years Service code 27 · EIN 04-2654524	Advisory (Plan)	$79,591
CAPFINANCIAL PARTNERS LLC2+ years Filed as: CAPFINANCIAL PARTNERS Service code 26 · EIN 26-0058143	Advisory (Participants)	$46,004
FORVIS, LLP1 year Service code 10 · EIN 44-0160260	Accounting	$6,770

Plan features & details

Pension benefit codes2F2S2E2G2J2K2T3D

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.
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

$626K

$85 / participant

Investment mgmt$80K12.7%
Other / not subdivided$546K87.3%

% of EOY assets

0.157%

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: FORVIS, LLP
Auditor EIN: 440160260
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$47,120

$84,572-44.3%

$68,815-31.5%

$78,104-39.7%

Participation rate

92.9%

73.3%+19.6pp

69.0%+23.8pp

74.5%+18.4pp

Annual return

-13.78%

-13.88%+0.1pp

-6.37%-7.4pp

10.90%-24.7pp

Employer contribution / active EE

$1,686

$3,358-49.8%

$2,656-36.5%

$3,128-46.1%

Participant deferral / active EE

$5,789

$4,666+24.1%

$3,943+46.8%

$5,089+13.8%

Admin fee / account holder

$74

$90-17.3%

$4,936-98.5%

$79-6.1%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL2+ years

Service code 37 · EIN 04-2647786

Loan Processing

$493,530

STRATEGIC ADVISORS, INC.2+ years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$79,591

CAPFINANCIAL PARTNERS LLC2+ years

Filed as: CAPFINANCIAL PARTNERS

Service code 26 · EIN 26-0058143

Advisory (Participants)

$46,004

FORVIS, LLP1 year

Service code 10 · EIN 44-0160260

Accounting

$6,770

RUSH ENTERPRISES, INC. EMPLOYEE 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RUSH ENTERPRISES, INC. EMPLOYEE 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