Retirement plan

SEA COAST/OCEANVIEW RETIREMENT PLAN

Name: OCEAN VIEW MANAGEMENT COMPANY - SEA COAST/OCEANVIEW RETIREMENT PLAN (2017) Form 5500
Creator: OCEAN VIEW MANAGEMENT COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SEA COAST/OCEANVIEW RETIREMENT PLAN, OCEAN VIEW MANAGEMENT COMPANY

OCEAN VIEW MANAGEMENT COMPANYEIN 01-0485403Plan #001PY 2017

20 BLUEBERRY LANE - FALMOUTH, ME 04105207-781-4460

Prospect flagsLow returnsRecently reached 100 employees

How to read this page

Total assets (EOY)

$2.4M

+21.0% from 2016

Total participants

149

+3.5% from 2016

Average account balance

$21,670

+2.8% from 2016

Annual return

13.94%

+9.70 pp from 2016

Benchmarks

See 939 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants100-249

Cohort939 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.53M

Not enough data

1 years with asset history on file

Average account balance

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

$46K

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.

120

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.

59.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$710K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+15.51%

Not enough data

1 years with return on file

Admin fee / account holder

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

$273

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

1 years with F_SCH_H allocation on file

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
BATH SAVINGS TRUST COMPANY1 year Service code 64 105 FRONT STREET, P.O. BOX 548 · BATH, ME 04530	Recordkeeping Fees	$16,935
DOWNEAST PENSION SERVICES, INC.1 year Service code 28 41 CAMPUS DRIVE, SUITE 302 · NEW GLOUCESTER, ME 04260	Investment Management	$14,446

Plan features & details

Pension benefit codes2F2G2J2K2T3D

Plan features

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.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
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 contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
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

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$31K

$262 / participant

Investment mgmt$17K54.0%
Contract admin$14K46.0%

% of EOY assets

1.282%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: BAKER NEWMAN & NOYES, LLC
Auditor EIN: 010494526
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$21,670

$52,639-58.8%

$185,117-88.3%

$62,293-65.2%

Participation rate

70.0%

63.9%+6.1pp

77.3%-7.3pp

69.5%+0.5pp

Annual return

13.94%

19.57%-5.6pp

40.50%-26.6pp

28.90%-15.0pp

Employer contribution / active EE

$1,191

$1,483-19.7%

$4,182-71.5%

$2,042-41.7%

Participant deferral / active EE

$2,211

$3,097-28.6%

$5,045-56.2%

$3,169-30.2%

Admin fee / account holder

$278

$374-25.7%

$8,159-96.6%

$479-42.1%

Provider

Service type

Compensation

BATH SAVINGS TRUST COMPANY1 year

Service code 64

105 FRONT STREET, P.O. BOX 548 · BATH, ME 04530

Recordkeeping Fees

$16,935

DOWNEAST PENSION SERVICES, INC.1 year

Service code 28

41 CAMPUS DRIVE, SUITE 302 · NEW GLOUCESTER, ME 04260

Investment Management

$14,446

SEA COAST/OCEANVIEW RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SEA COAST/OCEANVIEW RETIREMENT 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