Retirement plan

IN MOCEAN GROUP, LLC 401(K) PLAN

Name: IN MOCEAN GROUP, LLC - IN MOCEAN GROUP, LLC 401(K) PLAN (2024) Form 5500
Creator: IN MOCEAN GROUP, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, IN MOCEAN GROUP, LLC 401(K) PLAN, IN MOCEAN GROUP, LLC

IN MOCEAN GROUP, LLCEIN 13-4139533Plan #001PY 2024

463 SEVENTH AVENUE, 21ST FLOOR - NEW YORK, NY 10018732-960-2410inovelink.comLinkedIn1-10 employeesapparel & fashion

Prospect flagsLow participationLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$19.1M

+9.3% from 2023

Total participants

215

+0.9% from 2023

Average account balance

$132,587

+13.1% from 2023

Annual return

13.18%

-4.16 pp from 2023

Benchmarks

See 2,344 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,344 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$19.09M

Not enough data

1 years with asset history on file

Average account balance

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

$133K

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.

144

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.

56.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.34M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+13.18%

Not enough data

1 years with return on file

Admin fee / account holder

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

$38

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 2 by compensation

Provider	Service type	Compensation
WORLD INVESTMENT ADVISORS LLC1 year Filed as: WORLD INVESTMENT ADVISORS, LLC Service code 99 · EIN 61-1758632	Other Fees	$33,038
ASSOCIATED PENSION CONSULTANTS4 years Filed as: ASSOCIATED PENSION CONSULTANTS, INC Service code 49 · EIN 11-3271022 401 BROADHOLLOW ROAD · MELVILLE, NY 11747	Other Services	$8,721

Plan features & details

Pension benefit codes2A2E2F2H2J3B3D3H

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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).
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$6K

$34 / participant

Investment mgmt$2K28.0%
Contract admin$4K65.0%
Other / not subdivided$3867.0%

% of EOY assets

0.029%

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: GELTRUDE & COMPANY, LLC
Auditor EIN: 223363665
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$132,587

$88,203+50.3%

$165,100-19.7%

$74,478+78.0%

Participation rate

56.7%

73.1%-16.4pp

78.6%-21.9pp

67.2%-10.5pp

Annual return

13.18%

17.13%-3.9pp

70.21%-57.0pp

1370.56%-1357.4pp

Employer contribution / active EE

$2,601-100.0%

$4,348-100.0%

$2,626-100.0%

Participant deferral / active EE

$8,197

$4,505+82.0%

$6,035+35.8%

$4,350+88.4%

Admin fee / account holder

$38

$2,235-98.3%

$12,696-99.7%

$1,946-98.0%

Provider

Service type

Compensation

WORLD INVESTMENT ADVISORS LLC1 year

Filed as: WORLD INVESTMENT ADVISORS, LLC

Service code 99 · EIN 61-1758632

Other Fees

$33,038

ASSOCIATED PENSION CONSULTANTS4 years

Filed as: ASSOCIATED PENSION CONSULTANTS, INC

Service code 49 · EIN 11-3271022

401 BROADHOLLOW ROAD · MELVILLE, NY 11747

Other Services

$8,721

IN MOCEAN GROUP, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

IN MOCEAN GROUP, LLC 401(K) 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