Retirement plan

NEXT TRUCKING 401(K) PLAN

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

NEXT TRUCKING, INC.EIN 81-4645546Plan #001PY 2022

301 EAST OCEAN BLVD SUITE 1950 - LONG BEACH, CA 90802310-433-8887nexttrucking.comLinkedIn51-200 employeestransportation/trucking/railroad

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$6.1M

+18.0% from 2021

Total participants

339

+6.9% from 2021

Average account balance

$20,030

+4.5% from 2021

Annual return

-16.79%

-40.01 pp from 2021

Benchmarks

See 1,126 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants100-249

Cohort1,126 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.40M

Not enough data

1 years with asset history on file

Average account balance

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

$30K

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.

182

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.

70.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$649K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$27K

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

+11.81%

Not enough data

1 years with return on file

Admin fee / account holder

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

$252

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 COMPANY3+ years Service code 13 · EIN 41-0417830	Contract Administrator	$32,302

Plan features & details

Pension benefit codes2E2F2J2T3D3H

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).
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$32K

$142 / participant

Contract admin$32K100.0%

% of EOY assets

0.529%

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: C DART CPA
Auditor EIN: 473105009
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$20,030

$63,442-68.4%

$68,794-70.9%

$66,930-70.1%

Participation rate

85.0%

60.0%+25.0pp

69.0%+16.0pp

69.8%+15.2pp

Annual return

-16.79%

-8.29%-8.5pp

-6.37%-10.4pp

1.57%-18.4pp

Employer contribution / active EE

$3,541

$1,775+99.5%

$2,656+33.3%

$2,545+39.1%

Participant deferral / active EE

$6,614

$2,945+124.6%

$3,941+67.8%

$4,238+56.1%

Admin fee / account holder

$106

$577-81.7%

$4,934-97.9%

$593-82.2%

Provider

Service type

Compensation

MINNESOTA LIFE INSURANCE COMPANY3+ years

Service code 13 · EIN 41-0417830

Contract Administrator

$32,302

NEXT TRUCKING 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NEXT TRUCKING 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