Retirement plan

SEA TOW SERVICES INTERNATIONAL INC. 401(K) PLAN

Name: SEA TOW SERVICES INTERNATIONAL INC. - SEA TOW SERVICES INTERNATIONAL INC. 401(K) PLAN (2021) Form 5500
Creator: SEA TOW SERVICES INTERNATIONAL INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SEA TOW SERVICES INTERNATIONAL INC. 401(K) PLAN, SEA TOW SERVICES INTERNATIONAL INC.

SEA TOW SERVICES INTERNATIONAL INC.EIN 11-2654495Plan #001PY 2021

P.O. BOX 1178 - SOUTHOLD, NY 11971631-765-3660seatow.comLinkedIn51-200 employeesmaritime

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$4.6M

+19.0% from 2020

Total participants

-6.3% from 2020

Average account balance

$77,317

+21.0% from 2020

Annual return

23.09%

+11.03 pp from 2020

Benchmarks

See 3,885 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants25-99

Cohort3,885 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.66M

Not enough data

1 years with asset history on file

Average account balance

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

$121K

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.

131.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$407K

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

+13.55%

Not enough data

1 years with return on file

Admin fee / account holder

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

$8658

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 codes2E2G2J2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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

2 tripped

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

$430K

$11612 / participant

Other / not subdivided$430K100.0%

% of EOY assets

9.262%

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

$77,317

$62,592+23.5%

$85,709-9.8%

$85,847-9.9%

Participation rate

100.0%

61.1%+38.9pp

69.9%+30.1pp

69.3%+30.7pp

Annual return

23.09%

23.77%-0.7pp

21.49%+1.6pp

318.61%-295.5pp

Employer contribution / active EE

$2,284

$1,755+30.1%

$2,619-12.8%

$2,565-11.0%

Participant deferral / active EE

$4,963

$2,802+77.1%

$3,924+26.5%

$3,952+25.6%

Admin fee / account holder

$7,161

$4,643+54.2%

$6,876+4.1%

$6,261+14.4%

SEA TOW SERVICES INTERNATIONAL INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SEA TOW SERVICES INTERNATIONAL INC. 401(K) 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