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A&I TRANSPORT, INC. RETIREMENT PLAN 401k Plan overview

Plan NameA&I TRANSPORT, INC. RETIREMENT PLAN
Plan identification number 001

A&I 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.
  • 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

A&I TRANSPORT, INC. has sponsored the creation of one or more 401k plans.

Company Name:A&I TRANSPORT, INC.
Employer identification number (EIN):721561512
NAIC Classification:484120
NAIC Description: General Freight Trucking, Long-Distance

Form 5500 Filing Information

Submission information for form 5500 for 401k plan A&I TRANSPORT, INC. RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01JOHN CASTANEDA2020-07-15
0012018-01-01IQBAL SINGH2019-08-01

Plan Statistics for A&I TRANSPORT, INC. RETIREMENT PLAN

401k plan membership statisitcs for A&I TRANSPORT, INC. RETIREMENT PLAN

Measure Date Value
2022: A&I TRANSPORT, INC. RETIREMENT PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01186
Total number of active participants reported on line 7a of the Form 55002022-01-01165
Number of retired or separated participants receiving benefits2022-01-011
Number of other retired or separated participants entitled to future benefits2022-01-015
Total of all active and inactive participants2022-01-01171
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-01171
Number of participants with account balances2022-01-0133
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-011
2021: A&I TRANSPORT, INC. RETIREMENT PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01158
Total number of active participants reported on line 7a of the Form 55002021-01-01147
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-015
Total of all active and inactive participants2021-01-01152
Total participants2021-01-01152
Number of participants with account balances2021-01-0136
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: A&I TRANSPORT, INC. RETIREMENT PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01126
Total number of active participants reported on line 7a of the Form 55002020-01-01128
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-011
Total of all active and inactive participants2020-01-01129
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-01129
Number of participants with account balances2020-01-0118
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-011

Financial Data on A&I TRANSPORT, INC. RETIREMENT PLAN

Measure Date Value
2022 : A&I TRANSPORT, INC. RETIREMENT PLAN 2022 401k financial data
Total income from all sources (including contributions)2022-12-31$149,188
Total of all expenses incurred2022-12-31$66,909
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$54,858
Expenses. Certain deemed distributions of participant loans2022-12-31$5,339
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$212,975
Value of total assets at end of year2022-12-31$394,444
Value of total assets at beginning of year2022-12-31$312,165
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$6,712
Total interest from all sources2022-12-31$223
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Administrative expenses professional fees incurred2022-12-31$5,895
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$265,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$210,998
Participant contributions at end of year2022-12-31$4,075
Total non interest bearing cash at end of year2022-12-31$40
Total non interest bearing cash at beginning of year2022-12-31$10
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$82,279
Value of net assets at end of year (total assets less liabilities)2022-12-31$394,444
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$312,165
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Investment advisory and management fees2022-12-31$67
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$390,329
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$312,155
Interest on participant loans2022-12-31$223
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-64,010
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$1,977
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$54,858
Contract administrator fees2022-12-31$750
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31HARSHWAL & COMPANY LLP
Accountancy firm EIN2022-12-31270741376
2021 : A&I TRANSPORT, INC. RETIREMENT PLAN 2021 401k financial data
Total income from all sources (including contributions)2021-12-31$181,005
Total of all expenses incurred2021-12-31$10,983
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$7,056
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$151,958
Value of total assets at end of year2021-12-31$312,165
Value of total assets at beginning of year2021-12-31$142,143
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$3,927
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$275,000
If this is an individual account plan, was there a blackout period2021-12-31No
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$150,480
Administrative expenses (other) incurred2021-12-31$150
Total non interest bearing cash at end of year2021-12-31$10
Total non interest bearing cash at beginning of year2021-12-31$10
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$170,022
Value of net assets at end of year (total assets less liabilities)2021-12-31$312,165
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$142,143
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Investment advisory and management fees2021-12-31$44
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$312,155
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$142,133
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$29,047
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$1,478
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$7,056
Contract administrator fees2021-12-31$3,733
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
2020 : A&I TRANSPORT, INC. RETIREMENT PLAN 2020 401k financial data
Total income from all sources (including contributions)2020-12-31$95,337
Total of all expenses incurred2020-12-31$1,440
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$73,052
Value of total assets at end of year2020-12-31$142,143
Value of total assets at beginning of year2020-12-31$48,246
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$1,440
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$265,000
If this is an individual account plan, was there a blackout period2020-12-31No
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$72,271
Total non interest bearing cash at end of year2020-12-31$10
Total non interest bearing cash at beginning of year2020-12-31$10
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$93,897
Value of net assets at end of year (total assets less liabilities)2020-12-31$142,143
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$48,246
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Investment advisory and management fees2020-12-31$17
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$142,133
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$48,236
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$22,285
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$781
Contract administrator fees2020-12-31$1,423
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Opinion of an independent qualified public accountant for this plan2020-12-31Disclaimer

Form 5500 Responses for A&I TRANSPORT, INC. RETIREMENT PLAN

2022: A&I TRANSPORT, INC. RETIREMENT PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement – InsuranceYes
2022-01-01Plan benefit arrangement - TrustYes
2021: A&I TRANSPORT, INC. RETIREMENT PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedYes
2021-01-01Plan funding arrangement – InsuranceYes
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement – InsuranceYes
2021-01-01Plan benefit arrangement - TrustYes
2020: A&I TRANSPORT, INC. RETIREMENT PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Plan funding arrangement – InsuranceYes
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement – InsuranceYes
2020-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number
Policy instance 1
Number of Individuals Covered34
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $1,649
Total amount of fees paid to insurance companyUSD $917
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $1,649
Insurance broker organization code?7
Amount paid for insurance broker fees917
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number
Policy instance 1
Insurance policy start date2021-01-01
Insurance policy end date2021-12-31
Total amount of commissions paid to insurance brokerUSD $1,179
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $1,041
Insurance broker organization code?7
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number
Policy instance 1
Number of Individuals Covered19
Insurance policy start date2020-01-01
Insurance policy end date2020-12-31
Total amount of commissions paid to insurance brokerUSD $390
Total amount of fees paid to insurance companyUSD $40
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $390
Additional information about fees paid to insurance brokerBROKER COMISSION
Insurance broker organization code?7
Amount paid for insurance broker fees40

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