Retirement plan

OOCL (USA) INC. DEFINED CONTRIBUTION PENSION PLAN

Name: OOCL USA INC. - OOCL (USA) INC. DEFINED CONTRIBUTION PENSION PLAN (2023) Form 5500
Creator: OOCL USA INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OOCL (USA) INC. DEFINED CONTRIBUTION PENSION PLAN, OOCL USA INC.

OOCL USA INC.EIN 13-4934630Plan #009PY 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 #008Retirement-$7.2M assets

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$90.1M

-3.0% from 2016

Total participants

617

-6.1% from 2016

Average account balance

$153,532

-0.1% from 2016

Annual return

13.47%

-6.48 pp from 2016

Benchmarks

See 664 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants250-999

Cohort664 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$97.35M

Not enough data

1 years with asset history on file

Average account balance

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

$171K

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.

569

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.

92.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.77M

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

+9.48%

Not enough data

1 years with return on file

Admin fee / account holder

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

$46

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
MILLIMAN, INC.9+ years Service code 15 · EIN 91-0675641	Recordkeeping	$26,673
CHARLES SCHWAB & CO., INC.9+ years Service code 19 · EIN 94-1737782	Securities Custodian	$3
CHARLES SCHWAB & CO., INC.4 years Filed as: CHARLES SCHWAB BANK TRUST Service code 19 · EIN 82-3967259	Securities Custodian	$0

Plan features & details

Pension benefit codes2C2F2G2A2T3H

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).
2C
Money purchase plan
Money purchase pension plan other than a target benefit 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.
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

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$27K

$56 / participant

Recordkeeping$27K100.0%

% of EOY assets

0.030%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PLANTE& MORAN, PLLC
Auditor EIN: 381357951
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$153,532

$49,763+208.5%

$70,589+117.5%

$74,478+106.1%

Participation rate

93.7%

64.6%+29.0pp

68.4%+25.3pp

70.7%+22.9pp

Annual return

13.47%

21.21%-7.7pp

32.80%-19.3pp

34.37%-20.9pp

Employer contribution / active EE

$7,860

$1,776+342.7%

$2,977+164.0%

$2,637+198.1%

Participant deferral / active EE

$3,379-100.0%

$4,569-100.0%

$4,530-100.0%

Admin fee / account holder

$45

$316-85.6%

$6,430-99.3%

$347-86.9%

Provider

Service type

Compensation

MILLIMAN, INC.9+ years

Service code 15 · EIN 91-0675641

Recordkeeping

$26,673

CHARLES SCHWAB & CO., INC.9+ years

Service code 19 · EIN 94-1737782

Securities Custodian

CHARLES SCHWAB & CO., INC.4 years

Filed as: CHARLES SCHWAB BANK TRUST

Service code 19 · EIN 82-3967259

Securities Custodian

OOCL (USA) INC. DEFINED CONTRIBUTION PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OOCL (USA) INC. DEFINED CONTRIBUTION PENSION 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