Retirement plan

NYK GROUP AMERICAS INC. SAVINGS PLAN

Name: NYK GROUP AMERICAS INC. - NYK GROUP AMERICAS INC. SAVINGS PLAN (2020) Form 5500
Creator: NYK GROUP AMERICAS INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NYK GROUP AMERICAS INC. SAVINGS PLAN, NYK GROUP AMERICAS INC.

NYK GROUP AMERICAS INC.EIN 13-3800790Plan #003PY 2020

300 LIGHTING WAY - SECAUCUS, NJ 07094201-553-3931LinkedIn51-200 employeesmaritime

Other plans on this EIN

1 filing

#004Retirement-$55.2M assets

Prospect flagsLow participationHigh assets / participantFailed to transmit contributions

How to read this page

Total assets (EOY)

$100.8M

No prior year

Total participants

477

No prior year

Average account balance

$263,138

No prior year

Annual return

22.59%

No prior year

Benchmarks

See 659 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants250-999

Cohort659 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$69.49M

Not enough data

1 years with asset history on file

Average account balance

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

$251K

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.

277

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.

46.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.50M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+14.98%

Not enough data

1 years with return on file

Admin fee / account holder

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

$402

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 3 by compensation

Provider	Service type	Compensation
PORTFOLIO EVALUATIONS, INC.1+ years Filed as: PORTFOLIO EVALUATIONS INC Service code 16 15 INDEPENDENCE BLVD · WARREN, NJ 07059	Consulting	$29,852
ROSSI LLP1+ years Service code 10 400 OCEAN GATE · LONG BEACH, CA 90802	Accounting	$20,970
T ROWE PRICE RPS INC1+ years Service code 15 100 EAST PRATT STREET · BALTIMORE, MD 21202	Recordkeeping	$2,932

Plan features & details

Pension benefit codes2E2F2G2J2K3D3H

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$56K

$219 / participant

Investment mgmt$2K3.5%
Other / not subdivided$54K96.5%

% of EOY assets

0.055%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: BPM , LLP
Auditor EIN: 814234542
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$263,138

$51,288+413.1%

$81,991+220.9%

$73,412+258.4%

Participation rate

63.0%

64.0%-1.0pp

69.3%-6.3pp

72.2%-9.2pp

Annual return

22.59%

29.48%-6.9pp

41.31%-18.7pp

59.30%-36.7pp

Employer contribution / active EE

$1,922

$1,487+29.3%

$2,498-23.1%

$2,234-13.9%

Participant deferral / active EE

$6,655

$2,715+145.1%

$3,722+78.8%

$3,806+74.9%

Admin fee / account holder

$145

$125+16.0%

$5,665-97.4%

$158-7.9%

Provider

Service type

Compensation

PORTFOLIO EVALUATIONS, INC.1+ years

Filed as: PORTFOLIO EVALUATIONS INC

Service code 16

15 INDEPENDENCE BLVD · WARREN, NJ 07059

Consulting

$29,852

ROSSI LLP1+ years

Service code 10

400 OCEAN GATE · LONG BEACH, CA 90802

Accounting

$20,970

T ROWE PRICE RPS INC1+ years

Service code 15

100 EAST PRATT STREET · BALTIMORE, MD 21202

Recordkeeping

$2,932

NYK GROUP AMERICAS INC. SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NYK GROUP AMERICAS INC. SAVINGS 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