Covenant Transportation Group 401(K) & Profit Sharing Plan — Form 5500 plan (Covenant Transport, 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, Covenant Transportation Group 401(K) & Profit Sharing Plan is a benefit plan reported by Covenant Transport, Inc. under EIN 88-0320154 and plan number 001. The latest loaded filing year is 2023. The filing reports 3,958 participants and $69,900,293 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Covenant Transport, Inc.
- EIN
- 88-0320154
- Plan number
- 001
- Plan type
- 2
- Location
- Chattanooga, TN
- Latest filing year
- 2023
- Participants
- 3,958
- End-of-year plan assets
- $69,900,293
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 3,958 | H, C | 20240730162705NAL0021189233001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $69,900,293
- Total liabilities (EOY)
- $124,155
- Net assets (EOY)
- $69,776,138
- Net assets (BOY)
- $59,576,461
Income & contributions
- Employer contributions
- $1,912,472
- Participant contributions
- $6,018,500
- Total contributions
- $8,186,087
- Total income / additions
- $18,377,948
Expenses & distributions
- Benefits paid
- $7,732,641
- Administrative expenses
- $227,634
- Total expenses
- $8,178,271
- Net increase / (decrease)
- $10,199,677
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Transamerica Retirement Solutions | RECORD KEEPER | $146,459 | $0 | 2023 |
| Morgan Stanley Global Banking | INVESTMENT ADVISORS | $59,775 | not reported in the loaded dataset | 2023 |
| Coulter & Justus, P.C. | AUDITOR | $21,400 | not reported in the loaded dataset | 2023 |
| National Financial Services | SECURITIES BROKER | $0 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Covenant Transport, Inc.
- 2023 Form 5500 filing
- Form 5500 filings in TN
- 401(k) and benefit plan filings in Chattanooga, TN
- Transamerica Retirement Solutions — Schedule C compensation
- Morgan Stanley Global Banking — Schedule C compensation
- Coulter & Justus, P.C. — Schedule C compensation
- National Financial Services — Schedule C compensation