Retirement plan

OAK HARBOR FREIGHT LINES, INC. 401(K) PLAN AND TRUST

Name: OAK HARBOR FREIGHT LINES, INC. - OAK HARBOR FREIGHT LINES, INC. 401(K) PLAN AND TRUST (2020) Form 5500
Creator: OAK HARBOR FREIGHT LINES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OAK HARBOR FREIGHT LINES, INC. 401(K) PLAN AND TRUST, OAK HARBOR FREIGHT LINES, INC.

OAK HARBOR FREIGHT LINES, INC.EIN 91-0909217Plan #001PY 2020

P.O. BOX 1469 - AUBURN, WA 98071253-288-8300oakh.comLinkedIn1001-5000 employeestransportation/trucking/railroad

Prospect flagsHigh cashFailed to transmit contributions

How to read this page

Total assets (EOY)

$84.4M

+12.0% from 2019

Total participants

2,255

+4.5% from 2019

Average account balance

$46,244

-1.5% from 2019

Annual return

13.54%

-7.30 pp from 2019

Benchmarks

See 238 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants1,000-4,999

Cohort238 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$112.09M

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.

2,029

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.

78.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$13.47M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+14.95%

Not enough data

1 years with return on file

Admin fee / account holder

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

$115

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
ASCENSUS LLC6+ years Filed as: ASCENSUS Service code 21 · EIN 11-3665754	Bank Trustee	$106,737
RAYMOND JAMES FINANCIAL SERVICES6+ years Service code 21 · EIN 59-1237041	Bank Trustee	$71,556
BRIGHTON JONES LLC1 year Filed as: BRIGHTON JONES Service code 21 · EIN 91-2007475	Bank Trustee	$14,333

Plan features & details

Pension benefit codes2E2H2J2K

Plan features

2E
Profit-sharing
Profit-sharing plan.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.

Opportunity flags

2 tripped

OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$315K

$202 / participant

Other / not subdivided$315K100.0%

% of EOY assets

0.374%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MOSS ADAMS LLP
Auditor EIN: 910189318
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$46,244

$74,462-37.9%

$81,982-43.6%

$90,274-48.8%

Participation rate

72.5%

69.7%+2.8pp

69.3%+3.3pp

73.4%-0.8pp

Annual return

13.54%

17.56%-4.0pp

41.31%-27.8pp

53.97%-40.4pp

Employer contribution / active EE

$1,086

$2,334-53.5%

$2,498-56.5%

$2,523-56.9%

Participant deferral / active EE

$3,282

$3,602-8.9%

$3,722-11.8%

$4,231-22.4%

Admin fee / account holder

$173

$98+76.4%

$5,665-96.9%

$114+51.5%

Provider

Service type

Compensation

ASCENSUS LLC6+ years

Filed as: ASCENSUS

Service code 21 · EIN 11-3665754

Bank Trustee

$106,737

RAYMOND JAMES FINANCIAL SERVICES6+ years

Service code 21 · EIN 59-1237041

Bank Trustee

$71,556

BRIGHTON JONES LLC1 year

Filed as: BRIGHTON JONES

Service code 21 · EIN 91-2007475

Bank Trustee

$14,333

OAK HARBOR FREIGHT LINES, INC. 401(K) PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OAK HARBOR FREIGHT LINES, INC. 401(K) PLAN AND TRUST

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