Retirement plan

SEAFARERS INTERNATIONAL UNION AGLIW 401(K) PLAN

Name: BOARD OF TRUSTEES SEAFARERS INTERNATIONA UNION AGLIW 401(K) PLAN - SEAFARERS INTERNATIONAL UNION AGLIW 401(K) PLAN (2024) Form 5500
Creator: BOARD OF TRUSTEES SEAFARERS INTERNATIONA UNION AGLIW 401(K) PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SEAFARERS INTERNATIONAL UNION AGLIW 401(K) PLAN, BOARD OF TRUSTEES SEAFARERS INTERNATIONA UNION AGLIW 401(K) PLAN

BOARD OF TRUSTEES SEAFARERS INTERNATIONA UNION AGLIW 401(K) PLANEIN 26-1527179Plan #002PY 2024

5201 CAPITAL GATEWAY DRIVE - CAMP SPRINGS, MD 207464211301-899-0675

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$80.4M

+19.6% from 2023

Total participants

2,469

-84.7% from 2023

Average account balance

$35,876

+13.2% from 2023

Annual return

15.52%

-1.54 pp from 2023

Benchmarks

See 265 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants1,000-4,999

Cohort265 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$80.43M

Not enough data

1 years with asset history on file

Average account balance

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

$36K

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.

2,242

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.

90.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$8.43M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+15.52%

Not enough data

1 years with return on file

Admin fee / account holder

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

$73

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 6 by compensation

Provider	Service type	Compensation
MORGAN STANLEY SMITH BARNEY4 years Filed as: MORGAN STANLEY WEALTH MGMT Service code 27 · EIN 26-4310632	Advisory (Plan)	$81,053
SEAFARERS VACATION PLAN8 years Service code 99 · EIN 13-5602047	Other Fees	$51,602
WEAVER AND TIDWELL, LLP1 year Service code 10 · EIN 75-0786316	Accounting	$21,925
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ANNUITY INS CO OF AMERICA Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$18,926
THE SEGAL COMPANY10+ years Filed as: BUCHBINDER TUNICK & CO LLP Service code 10 · EIN 13-1578842	Accounting	$7,880
NGL GROUP LLC2 years Service code 53	Insurance Commissions	$2,417

Plan features & details

Pension benefit codes2E2F2G2J2T3H

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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$163K

$69 / participant

Trustee / custodial$7K4.3%
Investment mgmt$81K49.8%
Other / not subdivided$75K45.9%

% of EOY assets

0.202%

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: WEAVER AND TIDWELL, LLP
Auditor EIN: 750786316
Audit fees: $29,805
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$35,876

$81,301-55.9%

$76,089-52.8%

$199,921-82.1%

Participation rate

90.3%

70.1%+20.3pp

69.1%+21.2pp

72.0%+18.3pp

Annual return

15.52%

16.31%-0.8pp

360.94%-345.4pp

34.28%-18.8pp

Employer contribution / active EE

$3,352-100.0%

$2,690-100.0%

$3,035-100.0%

Participant deferral / active EE

$3,591

$4,721-23.9%

$4,259-15.7%

$5,089-29.4%

Admin fee / account holder

$73

$145-49.9%

$6,418-98.9%

$269-73.0%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY4 years

Filed as: MORGAN STANLEY WEALTH MGMT

Service code 27 · EIN 26-4310632

Advisory (Plan)

$81,053

SEAFARERS VACATION PLAN8 years

Service code 99 · EIN 13-5602047

Other Fees

$51,602

WEAVER AND TIDWELL, LLP1 year

Service code 10 · EIN 75-0786316

Accounting

$21,925

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ANNUITY INS CO OF AMERICA

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$18,926

THE SEGAL COMPANY10+ years

Filed as: BUCHBINDER TUNICK & CO LLP

Service code 10 · EIN 13-1578842

Accounting

$7,880

NGL GROUP LLC2 years

Service code 53

Insurance Commissions

$2,417

SEAFARERS INTERNATIONAL UNION AGLIW 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SEAFARERS INTERNATIONAL UNION AGLIW 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