Retirement plan

GREAT LAKES DREDGE & DOCK COMPANY, LLC HOURLY EMPLOYEES 401(K) SAVINGS PLAN

Name: GREAT LAKES DREDGE & DOCK COMPANY, LLC - GREAT LAKES DREDGE & DOCK COMPANY, LLC HOURLY EMPLOYEES 401(K) SAVINGS PLAN (2021) Form 5500
Creator: GREAT LAKES DREDGE & DOCK COMPANY, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GREAT LAKES DREDGE & DOCK COMPANY, LLC HOURLY EMPLOYEES 401(K) SAVINGS PLAN, GREAT LAKES DREDGE & DOCK COMPANY, LLC

GREAT LAKES DREDGE & DOCK COMPANY, LLCEIN 20-1354414Plan #008PY 2021

9811 KATY FREEWAY, SUITE 1200 - HOUSTON, TX 77024346-359-1010gldd.comLinkedIn1001-5000 employeesmaritime

Other plans on this EIN

1 filing

#005Retirement-$215.7M assets

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$8M

+23.0% from 2020

Total participants

258

+6.2% from 2020

Average account balance

$68,086

+6.3% from 2020

Annual return

22.00%

+11.43 pp from 2020

Benchmarks

See 2,980 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,980 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.18M

Not enough data

1 years with asset history on file

Average account balance

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

$69K

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.

118

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.

34.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$648K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+20.31%

Not enough data

1 years with return on file

Admin fee / account holder

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

$188

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
BAKER TILLY US, LLP2 years Filed as: BAKER TILLY Service code 10 · EIN 39-0859910	Accounting	$15,140
FIDELITY INVESTMENTS INSTITUTIONAL5 years Service code 37 · EIN 04-2647786	Loan Processing	$14,681

Plan features & details

Pension benefit codes2G2J2K2T3D

Plan features

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.
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.

Opportunity flags

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$30K

$145 / participant

Investment mgmt$4771.6%
Other / not subdivided$30K98.4%

% of EOY assets

0.377%

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: BAKER TILLY US, LLP
Auditor EIN: 390859910
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$68,086

$77,677-12.3%

$109,188-37.6%

$79,389-14.2%

Participation rate

33.0%

67.8%-34.8pp

75.9%-42.9pp

70.7%-37.7pp

Annual return

22.00%

23.44%-1.4pp

25.76%-3.8pp

116.89%-94.9pp

Employer contribution / active EE

$921

$2,798-67.1%

$3,723-75.3%

$2,428-62.1%

Participant deferral / active EE

$1,679

$3,517-52.3%

$4,654-63.9%

$4,046-58.5%

Admin fee / account holder

$257

$732-64.9%

$6,755-96.2%

$626-59.0%

Provider

Service type

Compensation

BAKER TILLY US, LLP2 years

Filed as: BAKER TILLY

Service code 10 · EIN 39-0859910

Accounting

$15,140

FIDELITY INVESTMENTS INSTITUTIONAL5 years

Service code 37 · EIN 04-2647786

Loan Processing

$14,681

GREAT LAKES DREDGE & DOCK COMPANY, LLC HOURLY EMPLOYEES 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GREAT LAKES DREDGE & DOCK COMPANY, LLC HOURLY EMPLOYEES 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