Retirement plan

AG SHIP MAINTENANCE CORP. 401(K) PROFIT SHARING PLAN - UNION

Name: AG SHIP MAINTENANCE CORP - AG SHIP MAINTENANCE CORP. 401(K) PROFIT SHARING PLAN - UNION (2016) Form 5500
Creator: AG SHIP MAINTENANCE CORP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AG SHIP MAINTENANCE CORP. 401(K) PROFIT SHARING PLAN - UNION, AG SHIP MAINTENANCE CORP

AG SHIP MAINTENANCE CORPEIN 11-2110636Plan #003PY 2016

99 CHAPEL STREET - NEWARK, NJ 07105973-589-4400LinkedIn51-200 employeesconstruction

Other plans on this EIN

1 filing

#001Retirement-$3.6M assets

Prospect flagsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$3.7M

+6.0% from 2015

Total participants

146

-19.8% from 2015

Average account balance

$76,490

+59.0% from 2015

Annual return

6.73%

+8.86 pp from 2015

Benchmarks

See 2,382 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,382 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.99M

Not enough data

1 years with asset history on file

Average account balance

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

$134K

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.

49.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.07M

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

+11.30%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1864

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

Top 3 by compensation

Provider	Service type	Compensation
JOHN HANCOCK LIFE INSURANCE COMPANY1 year Filed as: SIGNATOR INSURANCE AGENCY INC Service code 49 · EIN 04-3283827 197 CLARENDON STREET · BOSTON, MA 021165010	Other Services	$14,009
ASSOCIATED PENSION CONSULTANTS1 year Service code 49 · EIN 11-3271022 6800 JERICHO TURNPIKE · SYOSSET, NY 11791	Other Services	$7,500
PRINCIPAL LIFE INSURANCE COMPANY1 year Filed as: PRINCIPAL LIFE INSURANCE CO Service code 13 · EIN 42-0127290 P.O. BOX 9394 · DESMOINES, IA 503069394	Contract Administrator	$3,907

Plan features & details

Pension benefit codes2E2J2F2G3D3H2T

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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$4K

$32 / participant

Contract admin$4K100.0%

% of EOY assets

0.116%

all-in expense ratio

Categories reported

1 / 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: POLLAN MAUNER & WESS
Auditor EIN: 112992489
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$76,490

$52,884+44.6%

$84,753-9.7%

$55,167+38.7%

Participation rate

27.4%

67.5%-40.1pp

76.6%-49.2pp

69.0%-41.6pp

Annual return

6.73%

18.03%-11.3pp

22.78%-16.0pp

169.23%-162.5pp

Employer contribution / active EE

$2,233-100.0%

$3,574-100.0%

$1,963-100.0%

Participant deferral / active EE

$2,914

$2,644+10.2%

$3,712-21.5%

$3,054-4.6%

Admin fee / account holder

$89

$581-84.7%

$5,333-98.3%

$504-82.4%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY1 year

Filed as: SIGNATOR INSURANCE AGENCY INC

Service code 49 · EIN 04-3283827

197 CLARENDON STREET · BOSTON, MA 021165010

Other Services

$14,009

ASSOCIATED PENSION CONSULTANTS1 year

Service code 49 · EIN 11-3271022

6800 JERICHO TURNPIKE · SYOSSET, NY 11791

Other Services

$7,500

PRINCIPAL LIFE INSURANCE COMPANY1 year

Filed as: PRINCIPAL LIFE INSURANCE CO

Service code 13 · EIN 42-0127290

P.O. BOX 9394 · DESMOINES, IA 503069394

Contract Administrator

$3,907

AG SHIP MAINTENANCE CORP. 401(K) PROFIT SHARING PLAN - UNION

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AG SHIP MAINTENANCE CORP. 401(K) PROFIT SHARING PLAN - UNION

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