Employers › Covenant Logistics Group
Recordkeeping fees per participant · Covenant Transportation Group 401(k) & Profit Sharing Plan · plan year 2024
$80.54
Higher than 59% of the 5,847 plans $50 to 250M that report it.
= $164,856 / 2,047
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250701135819NAL0012757569001, received 2025-07-01
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250701135819NAL0012757569001, received 2025-07-01
Percentiles compare this plan with the Schedule H plans $50 to 250M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-07-01.
Administrative expenses excluding investment management, per participant
$91.87
Higher than 49% of the 8,758 plans $50 to 250M that report it.
= $188,056 / 2,047
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250701135819NAL0012757569001, received 2025-07-01
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250701135819NAL0012757569001, received 2025-07-01
Administrative expenses per participant
$118.74
Higher than 44% of the 9,042 plans $50 to 250M that report it.
= $243,056 / 2,047
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250701135819NAL0012757569001, received 2025-07-01
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250701135819NAL0012757569001, received 2025-07-01
Administrative expenses as a share of assets
0.306%
Higher than 88% of the 9,049 plans $50 to 250M that report it.
= $243,056 / $79,417,859
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250701135819NAL0012757569001, received 2025-07-01
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250701135819NAL0012757569001, received 2025-07-01
Employer contributions per participant
$940
Higher than 10% of the 9,105 plans $50 to 250M that report it.
= $1,924,960 / 2,047
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250701135819NAL0012757569001, received 2025-07-01
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250701135819NAL0012757569001, received 2025-07-01
Employer share of total contributions
19.8%
Higher than 18% of the 9,112 plans $50 to 250M that report it.
= $1,924,960 / $9,721,961
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250701135819NAL0012757569001, received 2025-07-01
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250701135819NAL0012757569001, received 2025-07-01
Employer match
“The Company made matching contributions equal to 50% of each participant’s contribution up to 5% of the participant’s cash compensation during 2025.”
Form 11-K filed 2026-06-29, for the year ended 2025-12-31 · plan description note, contributions · source document
Eligibility
“Employees are eligible to participate in the Plan at the beginning of a calendar month after the completion of six months of service.”
Form 11-K filed 2026-06-29, for the year ended 2025-12-31 · plan description note, general (fallback) · source document
Vesting
“Participants vest 100% in Company contributions after three years of credited service.”
Form 11-K filed 2026-06-29, for the year ended 2025-12-31 · plan description note, vesting · source document
Terms quoted from the filing for the year ended 2025-12-31. Figures cover plan year 2024. The plan document governs.
2T default investment (QDIA) · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2R participant brokerage window · 3H controlled-group sponsor · 3D IRS pre-approved plan · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250701135819NAL0012757569001, received 2025-07-01
| Field | Value | Source |
|---|---|---|
| Plan sponsor | COVENANT TRANSPORT, INC. | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250701135819NAL0012757569001, received 2025-07-01 |
| Plan name | COVENANT TRANSPORTATION GROUP 401(K) & PROFIT SHARING PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250701135819NAL0012757569001, received 2025-07-01 |
| Sponsor EIN / plan number | 88-0320154 / 001 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250701135819NAL0012757569001, received 2025-07-01 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250701135819NAL0012757569001, received 2025-07-01 |
| Sponsor location | CHATTANOOGA, TN | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250701135819NAL0012757569001, received 2025-07-01 |
| Industry (business code) | 484120, Transportation and warehousing | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250701135819NAL0012757569001, received 2025-07-01 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250701135819NAL0012757569001, received 2025-07-01 |
| Filing received | 2025-07-01 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250701135819NAL0012757569001, received 2025-07-01 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250701135819NAL0012757569001, received 2025-07-01 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250701135819NAL0012757569001, received 2025-07-01 |
| Participants, beginning of year | 3,958 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250701135819NAL0012757569001, received 2025-07-01 |
| Active participants | 3,429 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250701135819NAL0012757569001, received 2025-07-01 |
| Participants, end of year | 4,229 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250701135819NAL0012757569001, received 2025-07-01 |
| Participants with an account balance | 2,047 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250701135819NAL0012757569001, received 2025-07-01 |
| Total assets, beginning of year | $69,900,293 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250701135819NAL0012757569001, received 2025-07-01 |
| Total assets, end of year | $79,417,859 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250701135819NAL0012757569001, received 2025-07-01 |
| Net assets, end of year | $79,280,183 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250701135819NAL0012757569001, received 2025-07-01 |
| Total income | $19,136,108 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250701135819NAL0012757569001, received 2025-07-01 |
| Net income | $8,414,322 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250701135819NAL0012757569001, received 2025-07-01 |
| Employer contributions | $1,924,960 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250701135819NAL0012757569001, received 2025-07-01 |
| Participant contributions | $6,604,845 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250701135819NAL0012757569001, received 2025-07-01 |
| Other contributions (incl. rollovers) | $1,192,156 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250701135819NAL0012757569001, received 2025-07-01 |
| Total contributions | $9,721,961 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250701135819NAL0012757569001, received 2025-07-01 |
| Benefit payments | $10,303,701 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250701135819NAL0012757569001, received 2025-07-01 |
| Total expenses (incl. benefit payments) | $10,721,786 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250701135819NAL0012757569001, received 2025-07-01 |
| Total administrative expenses | $243,056 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250701135819NAL0012757569001, received 2025-07-01 |
| Recordkeeping fees | $164,856 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250701135819NAL0012757569001, received 2025-07-01 |
| IQPA audit fees | $23,200 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20250701135819NAL0012757569001, received 2025-07-01 |
| Investment advisory and management fees | $55,000 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250701135819NAL0012757569001, received 2025-07-01 |
| Administrative expenses excluding investment management | $188,056 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250701135819NAL0012757569001, received 2025-07-01 |
| Held in common/collective trusts | $11,403,751 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250701135819NAL0012757569001, received 2025-07-01 |
| Held in mutual funds | $60,604,761 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250701135819NAL0012757569001, received 2025-07-01 |
| Independent auditor | COULTER & JUSTUS, P.C. | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250701135819NAL0012757569001, received 2025-07-01 |
Position = column in the DOL layout for form year 2024. Filing 20250701135819NAL0012757569001, received 2025-07-01.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| TRANSAMERICA RETIREMENT SOLUTIONSrecordkeeper | RECORD KEEPER | 12 Claims processing; 15 Recordkeeping and information management; 28 Investment management; 37 Participant loan processing; 38 Participant communication; 50 Direct payment from the plan; 54 Sales loads (front end and deferred); 59 Shareholder servicing fees; 61 Finders fees / placement fees; 62 Float revenue; 63 Distribution (12b-1) fees; 64 Recordkeeping fees; 65 Account maintenance fees | $164,856 | yes |
| MORGAN STANLEY GLOBAL BANKING | INVESTMENT ADVISORS | 27 Investment advisory (plan); 50 Direct payment from the plan | $55,000 | no |
| COULTER & JUSTUS, P.C. | AUDITOR | 10 Accounting (including auditing); 50 Direct payment from the plan | $23,200 | no |
| NATIONAL FINANCIAL SERVICES | SECURITIES BROKER | 33 Securities brokerage; 71 Securities brokerage commissions and fees | $0 | yes |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20250701135819NAL0012757569001, received 2025-07-01.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $69,900,293 | $79,417,859 | 13.6% |
| Participants with a balance | 1,979 | 2,047 | 3.4% |
| Administrative expenses | $227,634 | $243,056 | 6.8% |
| Recordkeeping fees per participant | $74.01 | $80.54 | 8.8% |
| Employer contributions | $1,912,472 | $1,924,960 | 0.7% |
Prior filing 20240730162705NAL0021189233001, received 2024-07-30; the plan years are contiguous.
Sponsor name as filed: COVENANT TRANSPORT, INC.; SEC registrant: COVENANT LOGISTICS GROUP, INC. (CIK 928658, matched by EIN; display name from the Form 11-K cover).