Retirement plan

CROSS SOUND FERRY & COMPANIES 401(K) / PS PLAN

Name: CROSS SOUND FERRY & COMPANIES - CROSS SOUND FERRY & COMPANIES 401(K) / PS PLAN (2020) Form 5500
Creator: CROSS SOUND FERRY & COMPANIES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CROSS SOUND FERRY & COMPANIES 401(K) / PS PLAN, CROSS SOUND FERRY & COMPANIES

CROSS SOUND FERRY & COMPANIESEIN 06-0918288Plan #002PY 2020

2 FERRY STREET, P.O BOX 33 - NEW LONDON, CT 06320860-443-7394LinkedIn201-500 employeesmaritime

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$32.2M

+10.1% from 2019

Total participants

359

+0.3% from 2019

Average account balance

$97,134

+6.5% from 2019

Annual return

13.63%

-7.32 pp from 2019

Benchmarks

See 659 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants250-999

Cohort659 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$40.26M

Not enough data

1 years with asset history on file

Average account balance

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

$146K

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.

276

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.

79.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.27M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+9.18%

Not enough data

1 years with return on file

Admin fee / account holder

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

$246

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

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

Service providers

Top 2 by compensation

Provider	Service type	Compensation
ASCENSUS LLC3 years Service code 15 · EIN 11-3665754	Recordkeeping	$33,428
MERRILL LYNCH PIERCE FENNER & SMITH2 years Filed as: MERRILL LYNCH RETIREMENT & BENEFIT Service code 27 · EIN 13-5674085	Advisory (Plan)	$31,086

Plan features & details

Pension benefit codes2E3D2G2J2F2T

Plan features

2E
Profit-sharing
Profit-sharing 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.
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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$65K

$243 / participant

Investment mgmt$31K48.2%
Contract admin$33K51.8%

% of EOY assets

0.201%

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: WHITTLESEY P.C.
Auditor EIN: 060903326
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$97,134

$51,288+89.4%

$81,982+18.5%

$73,412+32.3%

Participation rate

89.4%

64.0%+25.5pp

69.3%+20.2pp

72.2%+17.3pp

Annual return

13.63%

29.48%-15.9pp

41.31%-27.7pp

59.30%-45.7pp

Employer contribution / active EE

$1,433

$1,487-3.6%

$2,498-42.7%

$2,234-35.9%

Participant deferral / active EE

$3,715

$2,715+36.8%

$3,722-0.2%

$3,806-2.4%

Admin fee / account holder

$195

$125+55.5%

$5,665-96.6%

$158+23.4%

Provider

Service type

Compensation

ASCENSUS LLC3 years

Service code 15 · EIN 11-3665754

Recordkeeping

$33,428

MERRILL LYNCH PIERCE FENNER & SMITH2 years

Filed as: MERRILL LYNCH RETIREMENT & BENEFIT

Service code 27 · EIN 13-5674085

Advisory (Plan)

$31,086

CROSS SOUND FERRY & COMPANIES 401(K) / PS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CROSS SOUND FERRY & COMPANIES 401(K) / PS 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