Retirement plan

MAINE COAST SEA VEGETABLES, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Name: MAINE COAST SEA VEGETABLES, INC. - MAINE COAST SEA VEGETABLES, INC. EMPLOYEE STOCK OWNERSHIP PLAN (2023) Form 5500
Creator: MAINE COAST SEA VEGETABLES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MAINE COAST SEA VEGETABLES, INC. EMPLOYEE STOCK OWNERSHIP PLAN, MAINE COAST SEA VEGETABLES, INC.

MAINE COAST SEA VEGETABLES, INC.EIN 01-0523959Plan #002PY 2023

430 WASHINGTON JUNCTION ROAD - HANCOCK, ME 04640207-412-0094seaveg.comLinkedIn11-50 employeesfood production

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$492K

-10.0% from 2022

Total participants

+6.7% from 2022

Average account balance

$30,750

-15.6% from 2022

Annual return

-10.08%

-37.97 pp from 2022

Benchmarks

See 4,362 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort4,362 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$538K

Not enough data

1 years with asset history on file

Average account balance

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

$30K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$6K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$367

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

+9.25%

Not enough data

1 years with return on file

Admin fee / account holder

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

$319

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 codes2I2P2Q3I

Plan features

2I
Stock bonus
Stock bonus plan.
2P
Leveraged ESOP
Employee stock ownership plan that acquires employer securities with borrowed money or other debt-financing techniques.
2Q
ESOP maintained by an S corporation
The employer maintaining this ESOP is an S corporation.
3I
Employer securities investment required
Plan requiring that all or part of employer contributions be invested and held at least for a limited period in employer securities.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$7K

$490 / participant

Other / not subdivided$7K100.0%

% of EOY assets

1.396%

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

$30,750

$95,664-67.9%

$76,902-60.0%

$139,487-78.0%

Participation rate

100.0%

74.0%+26.0pp

69.6%+30.4pp

80.3%+19.7pp

Annual return

-10.08%

55.03%-65.1pp

37.91%-48.0pp

373.84%-383.9pp

Employer contribution / active EE

$500

$3,147-84.1%

$2,534-80.3%

$4,755-89.5%

Participant deferral / active EE

$4,626-100.0%

$3,833-100.0%

$6,713-100.0%

Admin fee / account holder

$429

$8,311-94.8%

$5,479-92.2%

$11,407-96.2%

MAINE COAST SEA VEGETABLES, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MAINE COAST SEA VEGETABLES, INC. EMPLOYEE STOCK OWNERSHIP 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