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FORM 5500 DATA

WE Transport, Inc. Salaried 401k Plan

Overview

Plan Information

  • Plan Year01/01/2017 — 12/31/2017
  • Date of Plan01/01/1999
  • Net Assets as of 12/31/2017 $11,716,372
  • Plan Number7
  • Plan Type Single Employer
  • Is the plan collectively bargained? No
  • Did the plan file for an extension of time or the DFVC Program?Yes
  • Plan Funding Arrangement Trust
  • Plan Benefit Arrangement Trust

Participant Information as of 12/31/2017

  • Active (Eligible) Participants138
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits11
  • Subtotal149
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total149
  • Total number of participants as of 01/01/2017148
  • Number of participants with account balances104
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested1

Expenses

  • Total Benefit Payments$0
  • Corrective Distributions$0
  • Administrative Service Providers$0
  • Other Expenses$0
  • Total Expenses$0
  • Total Transfers$0

Sponsor Information

  • Address75 Commercial St.
  • CityPlainview
  • StateNY
  • Zip11803
  • Telephone(516) 349-8200
  • EIN11-2017935
  • Industry Code485990
  • Named AdministratorBart D Marksohn

Audit Information

  • Audit StatusAudited
  • AuditorNussbaum Yates Berg Klein & Wolpow
  • Auditor EIN26-0221653
  • Audit Opinion Disclaimer
  • Audit TypeLimited Scope Audit

Benefits Provided Under the Plan

Code Benefit Description
2E Profit-sharing A defined contribution plan that allows employer discretionary contributions. These plans often contain a 401(k) feature.
2G Total participant-directed account plan Participants have the opportunity to direct the investment of all 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 A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees 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 if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
2T Participant-directed Account Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
3D Master plan A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.
3H Controlled Group Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

Questions and Answers

Question Answer Amount
During the plan year did the employer fail to transmit to the plan any participant contributions within the time period described in 29 CFT 2510.3-102? Yes $259,320
Were any loans by the plan or fixed income obligations due the plan in default as of the close of plan year or classified during the year as uncollectible? Disregard participant loans secured by participant's account balance. No
Were any leases to which the plan was a party in default or classified during the year as uncollectible? No
Were there any nonexempt transactions with any party-in-interest? No
Was this plan covered by a fidelity bond? Yes $500,000
Did the plan have a loss, whether or not reimbursed by the plan's fidelity bond, that was caused by fraud or dishonesty? No
Did the plan hold any assets whose current value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan receive any noncash contributions whose value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan have assets held for investment? Yes
Were any plan transactions or series of transactions in excess of 5% of the current value of plan assets? No
Were all the plan assets either distributed to participants or beneficiaries, transferred to another plan, or brought under the control of the PBGC? No
Has the plan failed to provide any benefit when due under the plan? No
If this is an individual account plan, was there a blackout period? No
If there was a blackout period, have you either provided the required notice or one of the exceptions to providing the notice applied under 29 CFR 2520.101-3? No

Financials

Income and Expense Statement

Income $2,237,089
Contributions $943,321
Cash Contributions $943,321
Cash from Employers $398,537
Cash from Participants $544,685
Others (including rollovers) $99
Noncash Contributions $0
Total Earnings on Investments $1,293,622
Total Interest $10,041
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $10,041
Interest from Other Investments $0
Total Dividends $89,826
Preferred Stock $0
Common Stock $0
Rents $0
Net gain (loss) on sale of assets $0
Aggregate Proceeds $0
Aggregate Carrying Amount $0
Total Unrealized Appreciation (depreciation) of assets $0
Real Estate $0
Other $0
Net investment gain (loss) from common/collective trusts $597,697
Net investment gain (loss) from pooled separate accounts $0
Net investment gain (loss) from master trust investment accounts $0
Net investment gain (loss) from 103-12 investment entities $0
Net investment gain (loss) from registered investment companies $596,058
Other Income $146
Expenses $358,032
Total Benefit Payments $354,784
Directly to participants or beneficiaries, including direct rollovers $354,784
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $3,248
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $3,248
Net Income $1,879,057
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $11,885

Asset and Liability Statement

12/31/2017 12/31/2016 Change YOY
Total Assets $11,716,372 $9,845,251 19.01%
Total noninterest-bearing cash $0 $1 0.0%
Receivables $0 $0 0.0%
Employer Contributions $0 $0 0.0%
Participant Contributions $0 $0 0.0%
Other Contributions $0 $0 0.0%
General Investments $0 $0 0.0%
Interest-bearing cash $0 $0 0.0%
U.S. Government Securities $0 $0 0.0%
Corporate Debt Instruments $0 $0 0.0%
Preferred $0 $0 0.0%
All Other $0 $0 0.0%
Corporate Stocks $0 $0 0.0%
Preferred $0 $0 0.0%
Common $0 $0 0.0%
Partnership/joint venture interests $0 $0 0.0%
Real estate (other than employer real property) $0 $0 0.0%
Loans (other than to participants) $0 $0 0.0%
Participants Loans $205,390 $206,570 -0.57%
Value of interest in common/collective trusts $6,616,202 $5,651,932 17.06%
Value of interest in pooled separate accounts $0 $0 0.0%
Value of interest in master trust investment accounts $0 $0 0.0%
Value of interest in 103-12 investment entities $0 $0 0.0%
Value of interest in registered investment companies $4,894,780 $3,986,748 22.78%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $0 $0 0.0%
Employer-related Investments $0 $0 0.0%
Employer Securities $0 $0 0.0%
Employer Real Property $0 $0 0.0%
Buildings and other property used in plan operation $0 $0 0.0%
Total Liabilities $0 $0 0.0%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $0 $0 0.0%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $0 $0 0.0%
Net Assets $11,716,372 $9,845,251 19.01%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • John Hancock
  • American Funds
  • Vanguard
  • Pimco
  • Harbor
  • Northern
  • Acadian
  • Oppenheimer Funds

Other Service Providers Receiving Direct or Indirect Compensation

Name Nature of Service Relationship to Plan Sponsor Direct Compensation Paid by Plan Indirect Compensation Paid by Plan Total Compensation
Wells Fargo Bank, N.A. Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant loan processing, Other services, Direct payment from the plan, Sub-transfer agency fees, Float revenue, Recordkeeping fees Service Provider $4,443 $0 $4,443
Total $4,443 $0 $4,443

Indirect Compensation

There are no service providers with indirect compensation listed for this plan.

Service Providers Who Fail or Refuse to Provide Information

There are no service providers who failed or refused to provide information.

Termination Information on Accountants and Enrolled Actuaries

There is no termination information for this plan.

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Stable Return Fund F Wells Fargo, N.A. DFE: Common/Collective Trust $2,961,005
Blackrock S&P Midcap Index Cit F Wells Fargo, N.A. DFE: Common/Collective Trust $1,208,778
Blackrock S&P 500 Index Cit F Wells Fargo, N.A. DFE: Common/Collective Trust $998,643
Mfs Value Cit F Wells Fargo, N.A. DFE: Common/Collective Trust $864,069
Blackrock S&P 500 Index Cit Tr Wells Fargo, N.A. DFE: Common/Collective Trust $90,771
Blackrock Us Agg Bd Index Cit Tr Wells Fargo, N.A. DFE: Common/Collective Trust $78,685
Core Bond Cit F Wells Fargo, N.A. DFE: Common/Collective Trust $71,831
Mfs Cit Tr Wells Fargo, N.A. DFE: Common/Collective Trust $71,792
Blackrock Intl Equity Index Cit Tr Wells Fargo, N.A. DFE: Common/Collective Trust $51,688
Blackrock S&P Midcap Index Cit Tr Wells Fargo, N.A. DFE: Common/Collective Trust $48,144
Dodge & Cox Intermediate Bd Cit Tr Wells Fargo, N.A. DFE: Common/Collective Trust $36,467
Core Bond Cit Tr Wells Fargo, N.A. DFE: Common/Collective Trust $36,419
Causeway International Value Cit Tr Wells Fargo, N.A. DFE: Common/Collective Trust $21,069
Multi-Manager Small Cap Cit F Wells Fargo, N.A. DFE: Common/Collective Trust $17,454
Blackrock Russ 2000 Index Cit Tr Wells Fargo, N.A. DFE: Common/Collective Trust $16,488
Blackrock S&P 500 Index Cit N Wells Fargo, N.A. DFE: Common/Collective Trust $15,253
T Rowe Price Instl Lg Ca Mgd Cit Tr Wells Fargo, N.A. DFE: Common/Collective Trust $14,481
Multi-Manager Small Cap Cit Tr Wells Fargo, N.A. DFE: Common/Collective Trust $12,914
Stable Return Fund Tr Wells Fargo, N.A. DFE: Common/Collective Trust $251
International Bond Cit Tr Wells Fargo, N.A. DFE: Common/Collective Trust $0
Total $6,616,202

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.