Retirement plan

RETIREMENT PLAN FOR EMPLOYEES OF TRANSIT MANAGEMENT OF BEAUMONT, INC.

Name: TRANSIT MANAGEMENT OF BEAUMONT, INC. - RETIREMENT PLAN FOR EMPLOYEES OF TRANSIT MANAGEMENT OF BEAUMONT, INC. (2021) Form 5500
Creator: TRANSIT MANAGEMENT OF BEAUMONT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RETIREMENT PLAN FOR EMPLOYEES OF TRANSIT MANAGEMENT OF BEAUMONT, INC., TRANSIT MANAGEMENT OF BEAUMONT, INC.

TRANSIT MANAGEMENT OF BEAUMONT, INC.EIN 85-3127097Plan #003PY 2021

550 MILAM STREET - BEAUMONT, TX 77701409-835-7895LinkedIn1-10 employeestransportation/trucking/railroad

Prospect flagsHigh feesRecently reached 100 employees

How to read this page

Total assets (EOY)

$4.9M

+5.0% from 2020

Total participants

106

+12.8% from 2020

Average account balance

$46,293

-6.9% from 2020

Annual return

14.69%

+2.35 pp from 2020

Benchmarks

See 3,884 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants25-99

Cohort3,884 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.24M

Not enough data

1 years with asset history on file

Average account balance

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

$62K

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.

283.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$384K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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)

$7728

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 codes2C2F2G3D

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit 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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$780K

$15290 / participant

Other / not subdivided$780K100.0%

% of EOY assets

15.892%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

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

$46,293

$62,549-26.0%

$85,705-46.0%

$85,851-46.1%

Participation rate

100.0%

61.1%+38.9pp

69.9%+30.1pp

69.3%+30.7pp

Annual return

14.69%

23.77%-9.1pp

21.49%-6.8pp

318.63%-303.9pp

Employer contribution / active EE

$3,016

$1,755+71.8%

$2,619+15.2%

$2,565+17.6%

Participant deferral / active EE

$2,539

$2,802-9.4%

$3,924-35.3%

$3,952-35.8%

Admin fee / account holder

$7,357

$4,644+58.4%

$6,877+7.0%

$6,261+17.5%

RETIREMENT PLAN FOR EMPLOYEES OF TRANSIT MANAGEMENT OF BEAUMONT, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RETIREMENT PLAN FOR EMPLOYEES OF TRANSIT MANAGEMENT OF BEAUMONT, INC.

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