Retirement plan

MASTERS MATES & PILOTS INDIVIDUAL RETIREMENT ACCOUNT PLAN

Name: BOARD OF TRUSTEES OF M.M.&P. INDIVIDUAL RETIREMENT ACCOUNT PLAN - MASTERS MATES & PILOTS INDIVIDUAL RETIREMENT ACCOUNT PLAN (2024) Form 5500
Creator: BOARD OF TRUSTEES OF M.M.&P. INDIVIDUAL RETIREMENT ACCOUNT PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MASTERS MATES & PILOTS INDIVIDUAL RETIREMENT ACCOUNT PLAN, BOARD OF TRUSTEES OF M.M.&P. INDIVIDUAL RETIREMENT ACCOUNT PLAN

BOARD OF TRUSTEES OF M.M.&P. INDIVIDUAL RETIREMENT ACCOUNT PLANEIN 13-3021839Plan #001PY 2024

700 MARITIME BLVD, SUITE A - LINTHICUM HEIGHTS, MD 210901996410-850-8500

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$523.2M

-5.6% from 2016

Total participants

4,737

-3.0% from 2016

Average account balance

$110,447

-1.8% from 2016

Annual return

15.62%

-7.25 pp from 2016

Benchmarks

See 265 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants1,000-4,999

Cohort265 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$523.19M

Not enough data

1 years with asset history on file

Average account balance

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

$110K

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.

4,737

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

$26.05M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+15.62%

Not enough data

1 years with return on file

Admin fee / account holder

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

$193

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

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

Service providers

Top 10 of 34 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL10+ years Filed as: FIDELITY INVESTMENTS Service code 37 · EIN 04-2647786	Loan Processing	$194,819
SLEVIN & HART, P.C.10+ years Filed as: SLEVIN & HART Service code 29 · EIN 52-1708613	Legal	$86,150
IOMM&P10+ years Service code 14 · EIN 13-6020335	Plan Administrator	$57,703
PATRICK MCCULLOUGH10+ years Service code 35 · EIN 13-6696938	Direct payment from the plan; Employe...	$25,158
MARINER LLC1 year Filed as: ANDCO CONSULTING (MARINER INST LLC) Service code 27 · EIN 59-3676225	Advisory (Plan)	$25,000
GORFINE SCHILLER & GARDYN PA10+ years Service code 10 · EIN 52-1231901	Accounting	$22,000
KENNETH RYAN10+ years Service code 35 · EIN 13-6696938	Direct payment from the plan; Employe...	$20,274
MICHAEL F. YATES & COMPANY, INC.10+ years Filed as: MICHAEL MCCULLOUGH Service code 35 · EIN 13-6696938	Direct payment from the plan; Employe...	$15,315
JOSEPH W. MCCARTHY & ASSOCIATES10+ years Filed as: JOSEPH GIUSTO Service code 35 · EIN 13-6696938	Employee (plan sponsor); Direct payme...	$12,674
DAVID ROMANO10+ years Service code 35 · EIN 13-6696938	Direct payment from the plan; Employe...	$12,220

Plan features & details

Pension benefit codes2H2J

Plan features

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.
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.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$914K

$421 / participant

Investment mgmt$223K24.4%
Legal$86K9.4%
Actuarial$3K0.3%
Other / not subdivided$602K65.9%

% of EOY assets

0.175%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: GORFINE, SCHILLER & GARDYN, P.A.
Auditor EIN: 521231901
Audit fees: $22,000
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$110,447

$81,301+35.8%

$76,030+45.3%

$200,096-44.8%

Participation rate

100.0%

70.1%+29.9pp

69.1%+30.9pp

72.0%+28.0pp

Annual return

15.62%

16.31%-0.7pp

361.54%-345.9pp

34.26%-18.6pp

Employer contribution / active EE

$6,260

$3,352+86.7%

$2,688+132.9%

$3,038+106.1%

Participant deferral / active EE

$5,747

$4,721+21.7%

$4,257+35.0%

$5,090+12.9%

Admin fee / account holder

$193

$145+33.0%

$6,421-97.0%

$269-28.4%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL10+ years

Filed as: FIDELITY INVESTMENTS

Service code 37 · EIN 04-2647786

Loan Processing

$194,819

SLEVIN & HART, P.C.10+ years

Filed as: SLEVIN & HART

Service code 29 · EIN 52-1708613

Legal

$86,150

IOMM&P10+ years

Service code 14 · EIN 13-6020335

Plan Administrator

$57,703

PATRICK MCCULLOUGH10+ years

Service code 35 · EIN 13-6696938

Direct payment from the plan; Employe...

$25,158

MARINER LLC1 year

Filed as: ANDCO CONSULTING (MARINER INST LLC)

Service code 27 · EIN 59-3676225

Advisory (Plan)

$25,000

GORFINE SCHILLER & GARDYN PA10+ years

Service code 10 · EIN 52-1231901

Accounting

$22,000

KENNETH RYAN10+ years

Service code 35 · EIN 13-6696938

Direct payment from the plan; Employe...

$20,274

MICHAEL F. YATES & COMPANY, INC.10+ years

Filed as: MICHAEL MCCULLOUGH

Service code 35 · EIN 13-6696938

Direct payment from the plan; Employe...

$15,315

JOSEPH W. MCCARTHY & ASSOCIATES10+ years

Filed as: JOSEPH GIUSTO

Service code 35 · EIN 13-6696938

Employee (plan sponsor); Direct payme...

$12,674

DAVID ROMANO10+ years

Service code 35 · EIN 13-6696938

Direct payment from the plan; Employe...

$12,220

MASTERS MATES & PILOTS INDIVIDUAL RETIREMENT ACCOUNT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MASTERS MATES & PILOTS INDIVIDUAL RETIREMENT ACCOUNT 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