Retirement plan

AMERICAN MARITIME OFFICERS PENSION PLAN

Name: THE BOARD OF TRUSTEES AMERICAN MARITIME OFFICERS PENSION PLAN - AMERICAN MARITIME OFFICERS PENSION PLAN (2017) Form 5500
Creator: THE BOARD OF TRUSTEES AMERICAN MARITIME OFFICERS PENSION PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AMERICAN MARITIME OFFICERS PENSION PLAN, THE BOARD OF TRUSTEES AMERICAN MARITIME OFFICERS PENSION PLAN

THE BOARD OF TRUSTEES AMERICAN MARITIME OFFICERS PENSION PLANEIN 13-1936709Plan #001PY 2017

2 WEST DIXIE HIGHWAY - DANIA BEACH, FL 33004954-922-7428

Prospect flagsHigh retiree %High feesLow participation

How to read this page

Total assets (EOY)

$532.8M

-10.8% from 2017

Total participants

5,092

+1.7% from 2017

Average account balance

$132,791

-5.5% from 2017

Annual return

13.62%

-5.28 pp from 2017

Benchmarks

See 8 peers

Peer group

Industryany (size+type match)

Plan typeDB + DC

Participants1,000-4,999

Cohort8 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$730.90M

Not enough data

1 years with asset history on file

Average account balance

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

$163K

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.

4,494

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$25.06M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$27K

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

+19.16%

Not enough data

1 years with return on file

Admin fee / account holder

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

$699

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

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Service providers

Top 10 of 20 by compensation

Provider	Service type	Compensation
AMO MASTER OPERATING TRUST1 year Service code 12 · EIN 20-0406498	Claims processing; Direct payment fro...	$1,111,705
MORGAN STANLEY SMITH BARNEY1 year Filed as: MORGAN STANLEY SMITH BARNEY LLC Service code 19 · EIN 26-4310632	Securities Custodian	$373,937
ALLIANZ GLOBAL INVESTORS2+ years Service code 28 1633 BROADWAY · NEW YORK, NY 10019	Investment Management	$216,404
METROPOLITAN WEST ASSET MANAGEMENT1 year Filed as: TCW ASSET MANAGEMENT COMPANY LLC Service code 28 · EIN 95-3703295	Investment Management	$179,817
NEWPORT GROUP, INC.2+ years Filed as: NEWPORT RETIREMENT SERVICES Service code 12 · EIN 27-2037969	Direct payment from the plan; Partici...	$162,524
HORIZON ACTUARIAL SERVICES, LLC1 year Filed as: HORIZON ACTUARIAL SERVICES LLC Service code 11 · EIN 26-1370698	Actuarial	$136,389
BOND BROTHERS2+ years Filed as: BOND BEEBE P.C. Service code 10 · EIN 52-1044197	Accounting	$133,600
WINSLOW CAPITAL MANAGEMENT2+ years Filed as: WINSLOW Service code 28 · EIN 41-1719690	Investment Management	$115,333
RIDGEWORTH2+ years Filed as: MONTAG & CADWELL Service code 28 3455 PEACHTREE RD NE · ATLANTA, GA 30326	Investment Management	$69,846
TECH PLUS SYSTEMS, INC.1 year Filed as: TECH PLUS SYSTEMS INC Service code 15 · EIN 13-3599440	Recordkeeping	$68,352

Enrolled actuary

1 attachment

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Plan features & details

Pension benefit codes1A1I2C2H

Plan features

1A
Benefits are primarily pay related
Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
1I
Frozen plan
As of the last day of the plan year the plan provides that no participant will get any new benefit accrual whether because of service or compensation.
2C
Money purchase plan
Money purchase pension plan other than a target benefit plan.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$3.2M

$2056 / participant

Investment mgmt$1M35.0%
Other / not subdivided$2M65.0%

% of EOY assets

0.597%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WITHUMSMITH & BROWN
Auditor EIN: 222027092
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$132,791

$66,783+98.8%

$132,7910%

$66,783+98.8%

Participation rate

30.2%

58.4%-28.2pp

15.1%+15.1pp

58.4%-28.2pp

Annual return

13.62%

10.67%+3.0pp

-16.82%+30.4pp

10.67%+3.0pp

Employer contribution / active EE

$20,617

$7,829+163.3%

$11,404+80.8%

$7,829+163.3%

Participant deferral / active EE

Admin fee / account holder

$793

$203+291.6%

$7930%

$203+291.6%

Provider

Service type

Compensation

AMO MASTER OPERATING TRUST1 year

Service code 12 · EIN 20-0406498

Claims processing; Direct payment fro...

$1,111,705

MORGAN STANLEY SMITH BARNEY1 year

Filed as: MORGAN STANLEY SMITH BARNEY LLC

Service code 19 · EIN 26-4310632

Securities Custodian

$373,937

ALLIANZ GLOBAL INVESTORS2+ years

Service code 28

1633 BROADWAY · NEW YORK, NY 10019

Investment Management

$216,404

METROPOLITAN WEST ASSET MANAGEMENT1 year

Filed as: TCW ASSET MANAGEMENT COMPANY LLC

Service code 28 · EIN 95-3703295

Investment Management

$179,817

NEWPORT GROUP, INC.2+ years

Filed as: NEWPORT RETIREMENT SERVICES

Service code 12 · EIN 27-2037969

Direct payment from the plan; Partici...

$162,524

HORIZON ACTUARIAL SERVICES, LLC1 year

Filed as: HORIZON ACTUARIAL SERVICES LLC

Service code 11 · EIN 26-1370698

Actuarial

$136,389

BOND BROTHERS2+ years

Filed as: BOND BEEBE P.C.

Service code 10 · EIN 52-1044197

Accounting

$133,600

WINSLOW CAPITAL MANAGEMENT2+ years

Filed as: WINSLOW

Service code 28 · EIN 41-1719690

Investment Management

$115,333

RIDGEWORTH2+ years

Filed as: MONTAG & CADWELL

Service code 28

3455 PEACHTREE RD NE · ATLANTA, GA 30326

Investment Management

$69,846

TECH PLUS SYSTEMS, INC.1 year

Filed as: TECH PLUS SYSTEMS INC

Service code 15 · EIN 13-3599440

Recordkeeping

$68,352

AMERICAN MARITIME OFFICERS PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AMERICAN MARITIME OFFICERS PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

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