Retirement plan

CASCO BAY ISLAND TRANSIT DISTRICT MONEY PURCHASE PENSION PLAN

Name: CASCO BAY ISLAND TRANSIT DISTRICT - CASCO BAY ISLAND TRANSIT DISTRICT MONEY PURCHASE PENSION PLAN (2016) Form 5500
Creator: CASCO BAY ISLAND TRANSIT DISTRICT
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CASCO BAY ISLAND TRANSIT DISTRICT MONEY PURCHASE PENSION PLAN, CASCO BAY ISLAND TRANSIT DISTRICT

CASCO BAY ISLAND TRANSIT DISTRICTEIN 01-0377080Plan #001PY 2016

56 COMMERCIAL STREET, P.O. BOX 4656 - PORTLAND, ME 04112207-774-7871cascobaylines.comLinkedIn51-200 employeesmaritime

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$7.9M

No prior year

Total participants

No prior year

Average account balance

$144,537

No prior year

Annual return

11.55%

No prior year

Benchmarks

See 3,429 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants25-99

Cohort3,429 peers

Snapshot2016

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$16.47M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$289K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

95.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$329K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+15.22%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$7657

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

0 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2C2F2G3D

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$24K

$502 / participant

Other / not subdivided$24K100.0%

% of EOY assets

0.297%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$144,537

$47,944+201.5%

$67,834+113.1%

$62,881+129.9%

Participation rate

97.9%

61.1%+36.8pp

68.8%+29.1pp

69.3%+28.6pp

Annual return

11.55%

11.77%-0.2pp

138.47%-126.9pp

20.14%-8.6pp

Employer contribution / active EE

$7,019

$1,562+349.3%

$2,403+192.0%

$2,281+207.7%

Participant deferral / active EE

$2,247-100.0%

$3,160-100.0%

$3,203-100.0%

Admin fee / account holder

$429

$3,712-88.5%

$4,622-90.7%

$4,296-90.0%

CASCO BAY ISLAND TRANSIT DISTRICT MONEY PURCHASE PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CASCO BAY ISLAND TRANSIT DISTRICT MONEY PURCHASE PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion