Retirement plan

TRANS-SYSTEM, INC. 401(K) PLAN

Name: TRANS-SYSTEM, INC. - TRANS-SYSTEM, INC. 401(K) PLAN (2019) Form 5500
Creator: TRANS-SYSTEM, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TRANS-SYSTEM, INC. 401(K) PLAN, TRANS-SYSTEM, INC.

TRANS-SYSTEM, INC.EIN 91-1533583Plan #001PY 2019

PO BOX 3456 - SPOKANE, WA 992203456509-623-4000trans-system.comLinkedIn1001-5000 employeestransportation/trucking/railroad

Prospect flagsLow returnsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$15.1M

+21.6% from 2018

Total participants

644

-5.7% from 2018

Average account balance

$49,575

+17.6% from 2018

Annual return

17.37%

+22.11 pp from 2018

Benchmarks

See 708 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants250-999

Cohort708 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$21.91M

Not enough data

1 years with asset history on file

Average account balance

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

$65K

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.

337

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.

38.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.27M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+12.45%

Not enough data

1 years with return on file

Admin fee / account holder

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

$201

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 5 by compensation

Provider	Service type	Compensation
EPIC RETIREMENT PLAN SERVICES5+ years Filed as: RETIREMENT PLAN SPECIALISTS Service code 15 · EIN 42-1612198 1212 N WASHINGTON, SUITE 10 · SPOKANE, WA 99201	Recordkeeping	$10,247
EIDE BAILLY LLP2 years Service code 10 · EIN 45-0250958 PO BOX 1914 · BISMARK, ND 58502	Accounting	$7,033
AMERICAN FUNDS1 year Filed as: CAPITAL GROUP RETIREMENT PLAN SVCS Service code 64 · EIN 91-1413616 6455 IRVINE CENTER DRIVE · IRVINE, CA 92618	Recordkeeping Fees	$4,475
WELLS FARGO BANK, N.A.5+ years Filed as: WELLS FARGO Service code 28 · EIN 94-1347393 41 W RIVERSIDE, SUITE 500 · SPOKANE, WA 99201	Investment Management	$0
WELLS FARGO BANK, N.A.4 years Filed as: WELLS FARGO CLEARING SERVICES Service code 55	Other Commissions	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3D3H

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.
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.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$4K

$7 / participant

Investment mgmt$4K100.0%

% of EOY assets

0.025%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: EIDE BAILLY, LLP
Auditor EIN: 450250958
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$49,575

$46,423+6.8%

$75,901-34.7%

$67,579-26.6%

Participation rate

36.8%

63.1%-26.3pp

69.3%-32.5pp

71.3%-34.5pp

Annual return

17.37%

32.29%-14.9pp

30.76%-13.4pp

378.56%-361.2pp

Employer contribution / active EE

$472

$1,406-66.4%

$2,501-81.1%

$2,148-78.0%

Participant deferral / active EE

$1,931

$2,564-24.7%

$3,603-46.4%

$3,539-45.4%

Admin fee / account holder

$13

$132-90.5%

$5,420-99.8%

$142-91.2%

Provider

Service type

Compensation

EPIC RETIREMENT PLAN SERVICES5+ years

Filed as: RETIREMENT PLAN SPECIALISTS

Service code 15 · EIN 42-1612198

1212 N WASHINGTON, SUITE 10 · SPOKANE, WA 99201

Recordkeeping

$10,247

EIDE BAILLY LLP2 years

Service code 10 · EIN 45-0250958

PO BOX 1914 · BISMARK, ND 58502

Accounting

$7,033

AMERICAN FUNDS1 year

Filed as: CAPITAL GROUP RETIREMENT PLAN SVCS

Service code 64 · EIN 91-1413616

6455 IRVINE CENTER DRIVE · IRVINE, CA 92618

Recordkeeping Fees

$4,475

WELLS FARGO BANK, N.A.5+ years

Filed as: WELLS FARGO

Service code 28 · EIN 94-1347393

41 W RIVERSIDE, SUITE 500 · SPOKANE, WA 99201

Investment Management

WELLS FARGO BANK, N.A.4 years

Filed as: WELLS FARGO CLEARING SERVICES

Service code 55

Other Commissions

TRANS-SYSTEM, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TRANS-SYSTEM, INC. 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