Retirement plan

CANTON PORT SERVICES 401(K) PLAN

Name: CANTON PORT SERVICES, LLC - CANTON PORT SERVICES 401(K) PLAN (2019) Form 5500
Creator: CANTON PORT SERVICES, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CANTON PORT SERVICES 401(K) PLAN, CANTON PORT SERVICES, LLC

CANTON PORT SERVICES, LLCEIN 20-5779564Plan #001PY 2019

3800 NEWGATE AVE STE 2 - BALTIMORE, MD 212246404410-633-1601cantonmaritime.comLinkedIn51-200 employeesmaritime

Prospect flagsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$4M

+20.0% from 2018

Total participants

258

+44.1% from 2018

Average account balance

$32,761

+12.2% from 2018

Annual return

21.60%

+29.60 pp from 2018

Benchmarks

See 1,095 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants100-249

Cohort1,095 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.29M

Not enough data

1 years with asset history on file

Average account balance

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

$74K

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.

36.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$422K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+10.87%

Not enough data

1 years with return on file

Admin fee / account holder

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

$10635

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

Top 2 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY2 years Service code 13 · EIN 42-0127290	Contract Administrator	$15,130
S B H U LIFE AGENCY INC2 years Filed as: S B H U LIFE AGENCY INC. Service code 49 · EIN 13-2896238	Other Services	$0

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$15K

$62 / participant

Contract admin$15K100.0%

% of EOY assets

0.375%

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: JONES ADVISORY LLC
Auditor EIN: 462632469
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$32,761

$47,922-31.6%

$75,900-56.8%

$65,186-49.7%

Participation rate

45.1%

63.0%-17.9pp

69.3%-24.2pp

70.2%-25.1pp

Annual return

21.60%

24.12%-2.5pp

30.73%-9.1pp

29.39%-7.8pp

Employer contribution / active EE

$1,168

$1,557-25.0%

$2,501-53.3%

$2,177-46.3%

Participant deferral / active EE

$1,328

$2,550-47.9%

$3,604-63.1%

$3,514-62.2%

Admin fee / account holder

$123

$532-76.9%

$5,421-97.7%

$847-85.5%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY2 years

Service code 13 · EIN 42-0127290

Contract Administrator

$15,130

S B H U LIFE AGENCY INC2 years

Filed as: S B H U LIFE AGENCY INC.

Service code 49 · EIN 13-2896238

Other Services

CANTON PORT SERVICES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CANTON PORT SERVICES 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