Retirement plan

EGA 401(K) PROFIT SHARING PLAN (UNION)

Name: EVERGREEN SHIPPING AGENCY (AMERICA) CORPORATION - EGA 401(K) PROFIT SHARING PLAN (UNION) (2020) Form 5500
Creator: EVERGREEN SHIPPING AGENCY (AMERICA) CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EGA 401(K) PROFIT SHARING PLAN (UNION), EVERGREEN SHIPPING AGENCY (AMERICA) CORPORATION

EVERGREEN SHIPPING AGENCY (AMERICA) CORPORATIONEIN 13-3373601Plan #002PY 2020

ONE EVERTRUST PLAZA - JERSEY CITY, NJ 07302201-761-3116evergreen-shipping.usLinkedIn201-500 employeesmaritime

Other plans on this EIN

3 filings

#001Retirement-$170.9M assets #004Retirement-$96.2M assets #003Retirement-$876K assets

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$26.7M

-9.0% from 2016

Total participants

0.0% from 2016

Average account balance

$356,169

-11.5% from 2016

Annual return

16.51%

-6.40 pp from 2016

Benchmarks

See 3,734 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants25-99

Cohort3,734 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$39.81M

Not enough data

1 years with asset history on file

Average account balance

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

$538K

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.

112.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.44M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$22K

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

+25.70%

Not enough data

1 years with return on file

Admin fee / account holder

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

$39694

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.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$153K

$2125 / participant

Other / not subdivided$153K100.0%

% of EOY assets

0.573%

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

$356,169

$59,804+495.6%

$81,988+334.4%

$79,859+346.0%

Participation rate

98.6%

61.6%+37.0pp

69.3%+29.3pp

69.6%+29.0pp

Annual return

16.51%

17.56%-1.1pp

41.32%-24.8pp

31.71%-15.2pp

Employer contribution / active EE

$1,438

$1,713-16.1%

$2,499-42.5%

$2,471-41.8%

Participant deferral / active EE

$14,286

$2,695+430.0%

$3,723+283.8%

$3,741+281.9%

Admin fee / account holder

$2,040

$4,288-52.4%

$5,666-64.0%

$5,307-61.6%

EGA 401(K) PROFIT SHARING PLAN (UNION)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EGA 401(K) PROFIT SHARING PLAN (UNION)

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