Averitt Express, Inc. Profit Sharing And 401(K) Plan — Form 5500 plan (Averitt Express, 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, Averitt Express, Inc. Profit Sharing And 401(K) Plan is a benefit plan reported by Averitt Express, Inc. under EIN 62-0755421 and plan number 001. The latest loaded filing year is 2023. The filing reports 12,182 participants and $692,996,856 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Averitt Express, Inc.
EIN
62-0755421
Plan number
001
Plan type
2
Location
Cookeville, TN
Latest filing year
2023
Participants
12,182
End-of-year plan assets
$692,996,856

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
202312,182H, C20241014143224NAL0013455587001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$692,996,856
Total liabilities (EOY)
$0
Net assets (EOY)
$692,996,856
Net assets (BOY)
$601,775,434

Income & contributions

Employer contributions
$48,610,995
Participant contributions
$50,190,126
Total contributions
$101,294,875
Total income / additions
$179,948,704

Expenses & distributions

Benefits paid
$87,773,986
Administrative expenses
$934,534
Total expenses
$88,727,282
Net increase / (decrease)
$91,221,422

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Principal Life Insurance CompanyCONTRACT ADMINISTRATOR$746,314$02023
Pensionmark Financial Group, LLCCONSULTING$188,220$7992023

Related Form 5500 pages