Retirement plan

NCLC 401(K) PLAN

Name: NCL BAHAMAS LIMITED - NCLC 401(K) PLAN (2016) Form 5500
Creator: NCL BAHAMAS LIMITED
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NCLC 401(K) PLAN, NCL BAHAMAS LIMITED

NCL BAHAMAS LIMITEDEIN 20-0470259Plan #002PY 2016

7665 CORPORATE CENTER DRIVE - MIAMI, FL 33126305-436-4000

Prospect flagsLow participationFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$125.2M

-12.1% from 2016

Total participants

3,300

-0.5% from 2016

Average account balance

$60,109

-11.0% from 2016

Annual return

6.97%

+6.11 pp from 2016

Benchmarks

See 243 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants1,000-4,999

Cohort243 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$330.33M

Not enough data

1 years with asset history on file

Average account balance

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

$66K

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.

5,009

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.

87.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$37.80M

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

+17.86%

Not enough data

1 years with return on file

Admin fee / account holder

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

$-6

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 5 by compensation

Provider	Service type	Compensation
SOLITIS INVESTMENT ADVISORS1 year Service code 27 · EIN 27-3188744	Advisory (Plan)	$42,555
BERKOWITZ POLLACK BRANT1 year Filed as: BERKOWITZ, POLLACK, BRANT Service code 17 · EIN 59-2742314	Pension Consulting	$37,375
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: GREAT-WEST LIFE & ANNUITY INS. CO Service code 15 · EIN 84-0467907	Recordkeeping	$9,850
CHARLES SCHWAB & CO., INC.2+ years Service code 33 · EIN 94-1737782	Securities brokerage; Direct payment ...	$957
GWL&A2+ years Filed as: GWL&A INSURANCE COMPANY Service code 15	Recordkeeping	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2R3H3D2T

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.
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.
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).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$90K

$31 / participant

Investment mgmt$43K47.4%
Other / not subdivided$47K52.6%

% of EOY assets

0.072%

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: BERKOWITZ POLLACK BRANT
Auditor EIN: 592742314
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$60,109

$168,231-64.3%

$67,836-11.4%

$63,975-6.0%

Participation rate

57.5%

66.8%-9.3pp

68.8%-11.3pp

71.1%-13.6pp

Annual return

6.97%

11.76%-4.8pp

138.49%-131.5pp

48.65%-41.7pp

Employer contribution / active EE

$2,191

$1,907+14.9%

$2,404-8.9%

$2,182+0.4%

Participant deferral / active EE

$3,547

$2,827+25.5%

$3,160+12.2%

$3,356+5.7%

Admin fee / account holder

$43

$81-46.5%

$4,621-99.1%

$70-38.8%

Provider

Service type

Compensation

SOLITIS INVESTMENT ADVISORS1 year

Service code 27 · EIN 27-3188744

Advisory (Plan)

$42,555

BERKOWITZ POLLACK BRANT1 year

Filed as: BERKOWITZ, POLLACK, BRANT

Service code 17 · EIN 59-2742314

Pension Consulting

$37,375

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: GREAT-WEST LIFE & ANNUITY INS. CO

Service code 15 · EIN 84-0467907

Recordkeeping

$9,850

CHARLES SCHWAB & CO., INC.2+ years

Service code 33 · EIN 94-1737782

Securities brokerage; Direct payment ...

$957

GWL&A2+ years

Filed as: GWL&A INSURANCE COMPANY

Service code 15

Recordkeeping

NCLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NCLC 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