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 (2023) 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 2023

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

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$464.3M

-5.6% from 2016

Total participants

4,701

-3.0% from 2016

Average account balance

$98,776

-1.8% from 2016

Annual return

19.07%

-7.25 pp from 2016

Benchmarks

See 268 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants1,000-4,999

Cohort268 peers

Snapshot2023

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

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Service providers

Top 10 of 33 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL9+ years Filed as: FIDELITY INVESTMENTS Service code 37 · EIN 04-2647786	Loan Processing	$207,911
IOMM&P9+ years Service code 14 · EIN 13-6020335	Plan Administrator	$64,655
SLEVIN & HART, P.C.9+ years Filed as: SLEVIN & HART Service code 29 · EIN 52-1708613	Legal	$58,730
GORFINE SCHILLER & GARDYN PA9+ years Service code 10 · EIN 52-1231901	Accounting	$27,730
ANDCO CONSULTING8 years Service code 27 · EIN 59-3676225	Advisory (Plan)	$25,000
PATRICK MCCULLOUGH9+ years Service code 35 · EIN 13-6696938	Direct payment from the plan; Employe...	$24,250
KENNETH RYAN9+ years Service code 35 · EIN 13-6696938	Direct payment from the plan; Employe...	$20,789
ANN MARIE MCCULLOUGH9+ years Service code 35 · EIN 13-6696938	Employee (plan sponsor); Direct payme...	$17,718
PAULA PHILLIPS9+ years Service code 35 · EIN 13-6696938	Direct payment from the plan; Employe...	$17,539
MICHAEL F. YATES & COMPANY, INC.9+ years Filed as: MICHAEL MCCULLOUGH Service code 35 · EIN 13-6696938	Employee (plan sponsor); Direct payme...	$13,507

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

$905K

$417 / participant

Investment mgmt$236K26.1%
Legal$59K6.5%
Other / not subdivided$610K67.4%

% of EOY assets

0.195%

all-in expense ratio

Categories reported

2 / 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: $27,730
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$98,776

$70,115+40.9%

$70,589+39.9%

$80,187+23.2%

Participation rate

100.0%

71.7%+28.3pp

68.4%+31.6pp

72.9%+27.1pp

Annual return

19.07%

134.51%-115.4pp

32.80%-13.7pp

40.40%-21.3pp

Employer contribution / active EE

$5,689

$3,021+88.3%

$2,977+91.1%

$2,980+90.9%

Participant deferral / active EE

$5,346

$4,495+18.9%

$4,569+17.0%

$5,016+6.6%

Admin fee / account holder

$192

$112+71.5%

$6,430-97.0%

$145+32.7%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL9+ years

Filed as: FIDELITY INVESTMENTS

Service code 37 · EIN 04-2647786

Loan Processing

$207,911

IOMM&P9+ years

Service code 14 · EIN 13-6020335

Plan Administrator

$64,655

SLEVIN & HART, P.C.9+ years

Filed as: SLEVIN & HART

Service code 29 · EIN 52-1708613

Legal

$58,730

GORFINE SCHILLER & GARDYN PA9+ years

Service code 10 · EIN 52-1231901

Accounting

$27,730

ANDCO CONSULTING8 years

Service code 27 · EIN 59-3676225

Advisory (Plan)

$25,000

PATRICK MCCULLOUGH9+ years