Retirement plan

SCANDINAVIAN AIRLINES OF NORTH AMERICA INC. 401(K) SAVINGS AND RETIREMENT PROGRAM

Name: SCANDINAVIAN AIRLINES OF NORTH AMERICA INC. - SCANDINAVIAN AIRLINES OF NORTH AMERICA INC. 401(K) SAVINGS AND RETIREMENT PROGRAM (2016) Form 5500
Creator: SCANDINAVIAN AIRLINES OF NORTH AMERICA INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SCANDINAVIAN AIRLINES OF NORTH AMERICA INC. 401(K) SAVINGS AND RETIREMENT PROGRAM, SCANDINAVIAN AIRLINES OF NORTH AMERICA INC.

SCANDINAVIAN AIRLINES OF NORTH AMERICA INC.EIN 11-1782393Plan #002PY 2016

301 ROUTE 17 NORTH, SUITE 500 - RUTHERFORD, NJ 07070201-896-3595LinkedIn201-500 employeesairlines/aviation

Other plans on this EIN

1 filing

#001Retirement-$37.8M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$12.2M

-5.4% from 2015

Total participants

-8.5% from 2015

Average account balance

$143,734

+3.5% from 2015

Annual return

7.73%

+8.22 pp from 2015

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

$19.49M

Not enough data

1 years with asset history on file

Average account balance

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

$300K

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.

250.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$249K

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

+13.96%

Not enough data

1 years with return on file

Admin fee / account holder

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

$13296

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 codes2E2F2G2J3D

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.
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

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

$2.0M

$61510 / participant

Other / not subdivided$2M100.0%

% of EOY assets

16.614%

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

$143,734

$47,944+199.8%

$67,834+111.9%

$62,881+128.6%

Participation rate

97.0%

61.1%+35.9pp

68.8%+28.2pp

69.3%+27.7pp

Annual return

7.73%

11.77%-4.0pp

138.47%-130.7pp

20.14%-12.4pp

Employer contribution / active EE

$3,920

$1,562+150.9%

$2,403+63.1%

$2,281+71.8%

Participant deferral / active EE

$6,106

$2,247+171.8%

$3,160+93.2%

$3,203+90.6%

Admin fee / account holder

$23,881

$3,712+543.4%

$4,622+416.6%

$4,296+455.9%

SCANDINAVIAN AIRLINES OF NORTH AMERICA INC. 401(K) SAVINGS AND RETIREMENT PROGRAM

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SCANDINAVIAN AIRLINES OF NORTH AMERICA INC. 401(K) SAVINGS AND RETIREMENT PROGRAM

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