Retirement plan

OOCL (USA) INC. LOCAL 63 401(K) SAVINGS PLAN

Name: OOCL (USA) INC. - OOCL (USA) INC. LOCAL 63 401(K) SAVINGS PLAN (2023) Form 5500
Creator: OOCL (USA) INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OOCL (USA) INC. LOCAL 63 401(K) SAVINGS PLAN, OOCL (USA) INC.

OOCL (USA) INC.EIN 13-4934630Plan #008PY 2023

10913 SOUTH RIVER FRONT PARKWAY,, SUITE 200 - SOUTH JORDAN, UT 84095801-302-6777

Other plans on this EIN

2 filings

#006Retirement-$149.4M assets #009Retirement-$90.1M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$7.2M

-7.6% from 2016

Total participants

+2.8% from 2016

Average account balance

$211,564

-10.4% from 2016

Annual return

14.36%

-6.20 pp from 2016

Benchmarks

See 4,598 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants25-99

Cohort4,598 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.10M

Not enough data

1 years with asset history on file

Average account balance

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

$238K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$414K

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

+11.66%

Not enough data

1 years with return on file

Admin fee / account holder

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

$10384

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 codes2E2F2G2J2R2T3H

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$812K

$22549 / participant

Other / not subdivided$812K100.0%

% of EOY assets

11.285%

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

$211,564

$51,213+313.1%

$70,589+199.7%

$75,184+181.4%

Participation rate

88.9%

61.0%+27.9pp

68.4%+20.5pp

67.2%+21.7pp

Annual return

14.36%

30.06%-15.7pp

32.80%-18.4pp

160.78%-146.4pp

Employer contribution / active EE

$2,504

$1,827+37.0%

$2,977-15.9%

$2,671-6.3%

Participant deferral / active EE

$8,718

$2,850+205.9%

$4,569+90.8%

$4,127+111.3%

Admin fee / account holder

$23,876

$4,091+483.7%

$6,430+271.3%

$5,652+322.5%

OOCL (USA) INC. LOCAL 63 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OOCL (USA) INC. LOCAL 63 401(K) 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