Retirement plan

RED MOUNTAIN TRUCK LINES, INC. 401(K)

Name: RED MOUNTAIN TRUCK LINES, INC. - RED MOUNTAIN TRUCK LINES, INC. 401(K) (2019) Form 5500
Creator: RED MOUNTAIN TRUCK LINES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RED MOUNTAIN TRUCK LINES, INC. 401(K), RED MOUNTAIN TRUCK LINES, INC.

RED MOUNTAIN TRUCK LINES, INC.EIN 81-0478342Plan #001PY 2019

8790 US HIGHWAY 10 - BUTTE, MT 597017431406-490-1126redmountaintrucklines.comLinkedIn11-50 employeestransportation/trucking/railroad

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$1.2M

+47.9% from 2018

Total participants

+51.9% from 2018

Average account balance

$57,372

+33.8% from 2018

Annual return

20.74%

+28.96 pp from 2018

Benchmarks

See 3,673 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants25-99

Cohort3,673 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.58M

Not enough data

1 years with asset history on file

Average account balance

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

$117K

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.

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.

40.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$247K

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

+9.69%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6117

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.

Opportunity flags

1 tripped

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

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$57,372

$55,684+3.0%

$75,900-24.4%

$72,976-21.4%

Participation rate

50.0%

61.1%-11.1pp

69.3%-19.3pp

69.5%-19.5pp

Annual return

20.74%

27.60%-6.9pp

30.73%-10.0pp

81.02%-60.3pp

Employer contribution / active EE

$2,230

$1,687+32.2%

$2,501-10.9%

$2,440-8.6%

Participant deferral / active EE

$3,298

$2,634+25.2%

$3,604-8.5%

$3,608-8.6%

Admin fee / account holder

$3,981-100.0%

$5,421-100.0%

$5,124-100.0%

RED MOUNTAIN TRUCK LINES, INC. 401(K)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

RED MOUNTAIN TRUCK LINES, INC. 401(K)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion