Retirement plan

ABLE FREIGHT SERVICES, LLC 401(K) PLAN

Name: ABLE FREIGHT SERVICES, LLC - ABLE FREIGHT SERVICES, LLC 401(K) PLAN (2024) Form 5500
Creator: ABLE FREIGHT SERVICES, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ABLE FREIGHT SERVICES, LLC 401(K) PLAN, ABLE FREIGHT SERVICES, LLC

ABLE FREIGHT SERVICES, LLCEIN 84-3789185Plan #006PY 2024

5340 WEST 104TH STREET - LOS ANGELES, CA 90045310-568-8883ablefreight.comLinkedIn201-500 employeeslogistics and supply chain

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$7M

+13.4% from 2023

Total participants

262

+43.2% from 2023

Average account balance

$54,609

+21.4% from 2023

Annual return

11.41%

-5.55 pp from 2023

Benchmarks

See 1,225 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants100-249

Cohort1,225 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.99M

Not enough data

1 years with asset history on file

Average account balance

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

$55K

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.

41.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$847K

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

+11.41%

Not enough data

1 years with return on file

Admin fee / account holder

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

$337

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 3 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL3+ years Service code 37 · EIN 04-2647786	Loan Processing	$16,871
FMB RETIREMENT SERVICES, L.P.1 year Filed as: FMB RETIREMENT SERVICES Service code 27 · EIN 45-5297987	Advisory (Plan)	$16,151
GALLAGHER FIDUCIARY ADVISORS, LLC1 year Filed as: GALLAGHER FIDUCIARY ADVISORS LLC Service code 27 · EIN 36-4291971	Advisory (Plan)	$9,062

Plan features & details

Pension benefit codes2J2K2T2E2F3D

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.
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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$43K

$190 / participant

Recordkeeping$17K39.1%
Investment mgmt$26K60.9%

% of EOY assets

0.617%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WINDES INC.
Auditor EIN: 953001179
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$54,609

$54,690-0.1%

$76,030-28.2%

$74,478-26.7%

Participation rate

41.0%

60.3%-19.4pp

69.1%-28.1pp

67.2%-26.3pp

Annual return

11.41%

31.92%-20.5pp

361.54%-350.1pp

1370.56%-1359.2pp

Employer contribution / active EE

$1,348

$1,781-24.3%

$2,688-49.9%

$2,626-48.7%

Participant deferral / active EE

$2,384

$3,070-22.4%

$4,257-44.0%

$4,350-45.2%

Admin fee / account holder

$337

$2,240-84.9%

$6,421-94.7%

$1,946-82.7%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL3+ years

Service code 37 · EIN 04-2647786

Loan Processing

$16,871

FMB RETIREMENT SERVICES, L.P.1 year

Filed as: FMB RETIREMENT SERVICES

Service code 27 · EIN 45-5297987

Advisory (Plan)

$16,151

GALLAGHER FIDUCIARY ADVISORS, LLC1 year

Filed as: GALLAGHER FIDUCIARY ADVISORS LLC

Service code 27 · EIN 36-4291971

Advisory (Plan)

$9,062

ABLE FREIGHT SERVICES, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ABLE FREIGHT SERVICES, LLC 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