The Tri-State Truck Center, Inc. 401(K) Retirement Plan — Form 5500 plan (Tri-State Truck Center, Inc.)

Plain-English plan summary

According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, The Tri-State Truck Center, Inc. 401(K) Retirement Plan is a benefit plan reported by Tri-State Truck Center, Inc. under EIN 62-0722007 and plan number 002. The latest loaded filing year is 2023. The filing reports 363 participants and $32,016,335 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$32MPlan net assets, end of year$32,016,335
Participants363Covered participants reported
Assets / participant$88.2KComputed: assets ÷ participants$88,199 (computed)
Provider compensation$36.4K2 Schedule C provider row(s)$36,408
Plan sponsor
Tri-State Truck Center, Inc.
EIN
62-0722007
Plan number
002
Plan type
2
Location
Memphis, TN
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023363H, C20241009145713NAL0010748755001
Schedule H · 2023

Reported financial statement

Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.

Reported balance (end of year)$32M total assets
Net assets$32MLiabilities$0
Money in vs. money out
Total income / additions$6.9M
Total expenses$6.2M
Benefits paid / distributions$6.2M
Contributions
Employer$1M
Participant$2.1M
Full reported line items

Net assets

Total assets (EOY)
$32,016,335
Total liabilities (EOY)
$0
Net assets (EOY)
$32,016,335
Net assets (BOY)
$31,364,188

Income & contributions

Employer contributions
$1,018,882
Participant contributions
$2,126,525
Total contributions
$3,296,362
Total income / additions
$6,857,448

Expenses & distributions

Benefits paid
$6,179,530
Administrative expenses
$20,800
Total expenses
$6,205,301
Net increase / (decrease)
$652,147
Computed from reported fields

Reported ratios

Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.

Contribution share (employer vs. participant)
Employer 32%Participant 68%
Total expenses ÷ net assets19%Computed ratio
Benefits paid ÷ total income90%Computed ratio
Provider comp. ÷ net assets0%Computed ratio

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Empower Annuity Insurance Company ORECORDKEEPER$20,975$02023
Executive Insurance Agency IncBROKER/ADVISER$0$15,4332023

Related Form 5500 pages