Retirement plan

MAHER TERMINALS LLC PROFIT SHARING AND 401(K) PLAN

Name: MAHER TERMINALS LLC - MAHER TERMINALS LLC PROFIT SHARING AND 401(K) PLAN (2023) Form 5500
Creator: MAHER TERMINALS LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MAHER TERMINALS LLC PROFIT SHARING AND 401(K) PLAN, MAHER TERMINALS LLC

MAHER TERMINALS LLCEIN 20-5929586Plan #002PY 2023

1210 CORBIN STREET - ELIZABETH, NJ 07201908-527-8200LinkedIn1-10 employeesarts and crafts

Other plans on this EIN

1 filing

#003Retirement-$90.3M assets

Prospect flagsHigh feesHigh assets / participantRecently reached 100 employeesCorrective distributions

How to read this page

Total assets (EOY)

$114.3M

+14.7% from 2022

Total participants

199

-3.4% from 2022

Average account balance

$574,280

-97.1% from 2022

Annual return

15.63%

+30.82 pp from 2022

Benchmarks

See 1,233 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants100-249

Cohort1,233 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$132.26M

Not enough data

1 years with asset history on file

Average account balance

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

$658K

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.

201

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.65M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$37K

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

+13.00%

Not enough data

1 years with return on file

Admin fee / account holder

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

$583

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
JOHN HANCOCK LIFE INSURANCE COMPANY9+ years Filed as: JOHN HANCOCK RETIREMENT PLAN SVCS Service code 15 · EIN 01-0233346	Recordkeeping	$72,717
WITHUMSMITH+BROWN, PC3 years Filed as: WITHUMSMITH + BROWN, PC Service code 10 · EIN 22-2027092	Accounting	$21,840
CAPFINANCIAL PARTNERS LLC9+ years Filed as: CAPFINANCIAL PARTNERS, LLC Service code 27 4208 SIX FORKS RD. · RALEIGH, NC 27609	Advisory (Plan)	$20,297

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3H

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

4 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$115K

$756 / participant

Investment mgmt$36K31.3%
Contract admin$57K49.7%
Other / not subdivided$22K19.0%

% of EOY assets

0.101%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WITHUM, SMITH & BROWN
Auditor EIN: 222027092
Audit fees: $21,840
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$574,280

$51,207+1021.5%

$70,565+713.8%

$71,529+702.9%

Participation rate

100.0%

59.4%+40.6pp

68.4%+31.6pp

67.9%+32.1pp

Annual return

15.63%

42.71%-27.1pp

32.79%-17.2pp

28.97%-13.3pp

Employer contribution / active EE

$19,863

$1,795+1006.6%

$2,976+567.5%

$2,590+667.0%

Participant deferral / active EE

$15,566

$3,033+413.2%

$4,568+240.7%

$4,291+262.7%

Admin fee / account holder

$577

$2,002-71.2%

$6,430-91.0%

$1,588-63.7%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY9+ years

Filed as: JOHN HANCOCK RETIREMENT PLAN SVCS

Service code 15 · EIN 01-0233346

Recordkeeping

$72,717

WITHUMSMITH+BROWN, PC3 years

Filed as: WITHUMSMITH + BROWN, PC

Service code 10 · EIN 22-2027092

Accounting

$21,840

CAPFINANCIAL PARTNERS LLC9+ years

Filed as: CAPFINANCIAL PARTNERS, LLC

Service code 27

4208 SIX FORKS RD. · RALEIGH, NC 27609

Advisory (Plan)

$20,297

MAHER TERMINALS LLC PROFIT SHARING AND 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MAHER TERMINALS LLC PROFIT SHARING AND 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