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TURNING POINT TRANSPORT, INC. RETIREMENT PLAN 401k Plan overview

Plan NameTURNING POINT TRANSPORT, INC. RETIREMENT PLAN
Plan identification number 001

TURNING POINT TRANSPORT, INC. RETIREMENT PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • 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.
  • 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.
  • 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 contribtions 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.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • 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.

401k Sponsoring company profile

TURNING POINT TRANSPORT, INC. has sponsored the creation of one or more 401k plans.

Company Name:TURNING POINT TRANSPORT, INC.
Employer identification number (EIN):264177914
NAIC Classification:484120
NAIC Description: General Freight Trucking, Long-Distance

Form 5500 Filing Information

Submission information for form 5500 for 401k plan TURNING POINT TRANSPORT, INC. RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01MICHAEL PARROTTA2024-07-09
0012022-01-01MICHAEL PARROTTA2023-06-21
0012021-01-01MICHAEL PARROTTA2022-06-08
0012020-01-01MICHAEL PARROTTA2021-03-15
0012019-02-01MICHAEL PARROTTA2020-06-01

Financial Data on TURNING POINT TRANSPORT, INC. RETIREMENT PLAN

Measure Date Value
2025 : TURNING POINT TRANSPORT, INC. RETIREMENT PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-05-12180
Net assets as of the end of the plan year2025-05-12956247
Total assets as of the beginning of the plan year2025-05-12691493
Value of plan covered by a fidelity bond2025-05-1260000
Participant contributions to plan in this plan year2025-05-1261000
Other income to plan in this plan year2025-05-12116794
Plan net income in this plan year2025-05-12264754
Net assets as of the end of the plan year2025-05-12956247
Net assets as of the beginning of the plan year2025-05-12691493
Employer contributions to plan in this plan year2025-05-1287140
Expensese paid to adminstrative service provicers from plan in this plan year2025-05-12180
2024 : TURNING POINT TRANSPORT, INC. RETIREMENT PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-07-0929095
Net assets as of the end of the plan year2024-07-09691493
Total assets as of the beginning of the plan year2024-07-09472060
Value of plan covered by a fidelity bond2024-07-0970000
Participant contributions to plan in this plan year2024-07-0957846
Other expenses paid from plan in this plan year2024-07-090
Other contributions to plan in this plan year2024-07-090
Other income to plan in this plan year2024-07-09103845
Plan net income in this plan year2024-07-09219433
Net assets as of the end of the plan year2024-07-09691493
Net assets as of the beginning of the plan year2024-07-09472060
Employer contributions to plan in this plan year2024-07-0986837
Expensese paid to adminstrative service provicers from plan in this plan year2024-07-09125
2022 : TURNING POINT TRANSPORT, INC. RETIREMENT PLAN 2022 401k financial data
Total expenses incurred by plan in this plan year2022-06-0860
Net assets as of the end of the plan year2022-06-08425886
Total assets as of the beginning of the plan year2022-06-08241847
Value of plan covered by a fidelity bond2022-06-0850000
Participant contributions to plan in this plan year2022-06-0854135
Other income to plan in this plan year2022-06-0850591
Plan net income in this plan year2022-06-08184039
Net assets as of the end of the plan year2022-06-08425886
Net assets as of the beginning of the plan year2022-06-08241847
Employer contributions to plan in this plan year2022-06-0879373
Expensese paid to adminstrative service provicers from plan in this plan year2022-06-0860

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