Retirement plan

MARITIME ASSOCIATION OF THE PORT OF NEW YORK/NEW JERSEY 401(K) PLAN

Name: MARITIME ASSOCIATION OF THE PORT OF NEW YORK/NEW JERSEY - MARITIME ASSOCIATION OF THE PORT OF NEW YORK/NEW JERSEY 401(K) PLAN (2016) Form 5500
Creator: MARITIME ASSOCIATION OF THE PORT OF NEW YORK/NEW JERSEY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MARITIME ASSOCIATION OF THE PORT OF NEW YORK/NEW JERSEY 401(K) PLAN, MARITIME ASSOCIATION OF THE PORT OF NEW YORK/NEW JERSEY

MARITIME ASSOCIATION OF THE PORT OF NEW YORK/NEW JERSEYEIN 13-5229950Plan #002PY 2016

17 BATTERY PLACE, SUITE 913 - NEW YORK, NY 10004212-425-5704nymaritime.orgLinkedIn1-10 employeesmaritime

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$530K

-2.4% from 2015

Total participants

0.0% from 2015

Average account balance

$88,295

-2.4% from 2015

Annual return

1.66%

+0.40 pp from 2015

Benchmarks

See 30,914 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort30,914 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$363K

Not enough data

1 years with asset history on file

Average account balance

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

$121K

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.

75.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$38K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+15.16%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2E2G2J2R3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$56K

$11166 / participant

Other / not subdivided$56K100.0%

% of EOY assets

10.538%

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

$88,295

$90,486-2.4%

$78,676+12.2%

$273,972-67.8%

Participation rate

100.0%

76.5%+23.5pp

73.6%+26.4pp

83.0%+17.0pp

Annual return

1.66%

75.62%-74.0pp

62.19%-60.5pp

41.46%-39.8pp

Employer contribution / active EE

$2,312

$3,175-27.2%

$2,850-18.9%

$4,869-52.5%

Participant deferral / active EE

$4,493

$3,901+15.2%

$3,517+27.8%

$5,287-15.0%

Admin fee / account holder

$9,305

$5,263+76.8%

$4,510+106.3%

$10,133-8.2%

MARITIME ASSOCIATION OF THE PORT OF NEW YORK/NEW JERSEY 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MARITIME ASSOCIATION OF THE PORT OF NEW YORK/NEW JERSEY 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