Retirement plan

MARINE ACOUSTICS, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Name: MARINE ACOUSTICS, INC. - MARINE ACOUSTICS, INC. EMPLOYEE STOCK OWNERSHIP PLAN (2016) Form 5500
Creator: MARINE ACOUSTICS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MARINE ACOUSTICS, INC. EMPLOYEE STOCK OWNERSHIP PLAN, MARINE ACOUSTICS, INC.

MARINE ACOUSTICS, INC.EIN 04-2993452Plan #002PY 2016

TWO CORPORATE PLACE, SUITE 105 - MIDDLETOWN, RI 02842401-847-7508marineacoustics.comLinkedIn11-50 employeesdefense & space

Other plans on this EIN

1 filing

#001Retirement-$4.0M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$4.3M

+4.4% from 2015

Total participants

-6.8% from 2015

Average account balance

$112,492

-1.1% from 2015

Annual return

11.39%

+4.90 pp from 2015

Benchmarks

See 15,087 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort15,087 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.28M

Not enough data

1 years with asset history on file

Average account balance

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

$123K

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

$419K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+23.10%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3892

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 codes2O2Q3I

Plan features

2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$567K

$17718 / participant

Other / not subdivided$567K100.0%

% of EOY assets

13.264%

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

$112,492

$60,349+86.4%

$74,184+51.6%

$62,881+78.9%

Participation rate

90.6%

72.7%+17.9pp

76.6%+14.0pp

69.3%+21.3pp

Annual return

11.39%

21.38%-10.0pp

17.74%-6.3pp

20.14%-8.8pp

Employer contribution / active EE

$8,808

$1,680+424.2%

$2,370+271.6%

$2,281+286.2%

Participant deferral / active EE

$2,856-100.0%

$3,550-100.0%

$3,203-100.0%

Admin fee / account holder

$14,921

$4,261+250.2%

$5,586+167.1%

$4,296+247.3%

MARINE ACOUSTICS, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MARINE ACOUSTICS, 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