Retirement plan

CIRCLE LINE 401(K) RETIREMENT PLAN

Name: CIRCLE LINE SIGHTSEEING YACHTS, INC. - CIRCLE LINE 401(K) RETIREMENT PLAN (2022) Form 5500
Creator: CIRCLE LINE SIGHTSEEING YACHTS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CIRCLE LINE 401(K) RETIREMENT PLAN, CIRCLE LINE SIGHTSEEING YACHTS, INC.

CIRCLE LINE SIGHTSEEING YACHTS, INC.EIN 13-1581477Plan #003PY 2022

PIER 81, W 41ND STREET - NEW YORK, NY 10036212-630-8135circleline42.comLinkedIn51-200 employeesmaritime

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$8.7M

-30.7% from 2021

Total participants

+16.7% from 2021

Average account balance

$248,609

-34.6% from 2021

Annual return

-23.80%

-40.19 pp from 2021

Benchmarks

See 4,203 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants25-99

Cohort4,203 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.66M

Not enough data

1 years with asset history on file

Average account balance

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

$258K

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.

84.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$589K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+18.36%

Not enough data

1 years with return on file

Admin fee / account holder

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

$10833

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 codes2E2F2G2J2T3D

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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$1.3M

$38770 / participant

Other / not subdivided$1M100.0%

% of EOY assets

14.704%

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

$248,609

$48,267+415.1%

$68,808+261.3%

$68,486+263.0%

Participation rate

78.8%

60.7%+18.1pp

69.0%+9.8pp

67.9%+10.9pp

Annual return

-23.80%

-12.70%-11.1pp

-6.37%-17.4pp

-7.85%-15.9pp

Employer contribution / active EE

$3,427

$1,829+87.3%

$2,656+29.0%

$2,597+32.0%

Participant deferral / active EE

$8,998

$2,867+213.9%

$3,942+128.3%

$4,028+123.4%

Admin fee / account holder

$36,555

$4,362+737.9%

$4,936+640.6%

$5,404+576.5%

CIRCLE LINE 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CIRCLE LINE 401(K) RETIREMENT 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