Retirement plan

AMERICAN BOAT & YACHT COUNCIL 401(K) PROFIT SHARING PLAN & TRUST

Name: AMERICAN BOAT & YACHT COUNCIL - AMERICAN BOAT & YACHT COUNCIL 401(K) PROFIT SHARING PLAN & TRUST (2021) Form 5500
Creator: AMERICAN BOAT & YACHT COUNCIL
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AMERICAN BOAT & YACHT COUNCIL 401(K) PROFIT SHARING PLAN & TRUST, AMERICAN BOAT & YACHT COUNCIL

AMERICAN BOAT & YACHT COUNCILEIN 13-1939929Plan #002PY 2021

613 THIRD ST SUITE 10 - ANNAPOLIS, MD 21403410-990-4460

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.1M

+24.0% from 2020

Total participants

+14.3% from 2020

Average account balance

$51,460

+18.4% from 2020

Annual return

13.33%

-2.02 pp from 2020

Benchmarks

See 37,602 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort37,602 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.80M

Not enough data

1 years with asset history on file

Average account balance

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

$69K

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.

144.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$199K

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

+11.01%

Not enough data

1 years with return on file

Admin fee / account holder

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

$849

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

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

$14K

$783 / participant

Other / not subdivided$14K100.0%

% of EOY assets

1.245%

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

$51,460

$109,905-53.2%

$98,506-47.8%

$167,553-69.3%

Participation rate

88.9%

75.8%+13.1pp

73.3%+15.5pp

82.1%+6.8pp

Annual return

13.33%

1960.20%-1946.9pp

1494.92%-1481.6pp

478.89%-465.6pp

Employer contribution / active EE

$1,755

$3,226-45.6%

$2,961-40.7%

$4,840-63.7%

Participant deferral / active EE

$3,736

$4,674-20.1%

$4,277-12.7%

$6,343-41.1%

Admin fee / account holder

$641

$6,760-90.5%

$5,955-89.2%

$12,316-94.8%

AMERICAN BOAT & YACHT COUNCIL 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AMERICAN BOAT & YACHT COUNCIL 401(K) PROFIT SHARING PLAN & TRUST

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