Retirement plan

MARINE INDUSTRY RETIREMENT PLAN

Name: NATIONAL MARINE MANUFACTURERS ASSOCIATION, INC. - MARINE INDUSTRY RETIREMENT PLAN (2024) Form 5500
Creator: NATIONAL MARINE MANUFACTURERS ASSOCIATION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MARINE INDUSTRY RETIREMENT PLAN, NATIONAL MARINE MANUFACTURERS ASSOCIATION, INC.

NATIONAL MARINE MANUFACTURERS ASSOCIATION, INC.EIN 36-2369301Plan #333PY 2024

10 S LASALLE STREET, SUITE 3500 - CHICAGO, IL 60603312-946-6220LinkedIn1-10 employees

Prospect flagsLow participationFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed March 17, 2009 (most recent of 4 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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How to read this page

Total assets (EOY)

$136.2M

+13.5% from 2023

Total participants

5,065

-9.1% from 2023

Average account balance

$39,939

+8.1% from 2023

Annual return

12.93%

+0.46 pp from 2023

Benchmarks

See 290 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants1,000-4,999

Cohort290 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$136.19M

Not enough data

1 years with asset history on file

Average account balance

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

$40K

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.

3,410

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.

59.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$15.80M

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

+12.93%

Not enough data

1 years with return on file

Admin fee / account holder

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

$264

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

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Service providers

Top 6 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS7 years Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 36-6071399	Recordkeeping	$245,953
PINNACLE FINANCIAL SERVICES, INC.7 years Service code 15 · EIN 59-2438373	Recordkeeping	$166,573
MERRILL LYNCH PIERCE FENNER & SMITH1 year Filed as: MERRILL LYNCH LIFE AGENCY, INC Service code 27 · EIN 13-2808480	Advisory (Plan)	$106,159
NPPG2 years Filed as: NPPG FIDUCIARY SERVICES Service code 14 · EIN 30-0835405	Plan Administrator	$63,271
SERVANT SPIRIT SERVICES LLC1 year Filed as: SERVANT SPIRIT SERVICES Service code 99 · EIN 93-4904307	Other Fees	$44,716
360 PAYROLL INTEGRATION CORP2 years Filed as: 360 PAYROLL INTEGRATION Service code 99 · EIN 83-3880266	Other Fees	$22,987

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H2A

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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

$902K

$222 / participant

Contract admin$665K73.7%
Other / not subdivided$237K26.3%

% of EOY assets

0.662%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: TEMPLETON & COMPANY
Auditor EIN: 141918990
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$39,939

$55,331-27.8%

$81,812-51.2%

$199,593-80.0%

Participation rate

59.3%

62.5%-3.2pp

72.3%-13.0pp

72.0%-12.7pp

Annual return

12.93%

19.59%-6.7pp

773.79%-760.9pp

34.25%-21.3pp

Employer contribution / active EE

$1,221

$2,101-41.9%

$2,912-58.1%

$3,034-59.7%

Participant deferral / active EE

$2,663

$3,283-18.9%

$4,319-38.3%

$5,087-47.6%

Admin fee / account holder

$264

$346-23.5%

$7,386-96.4%

$269-1.6%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS7 years

Filed as: TRANSAMERICA LIFE INSURANCE COMPANY

Service code 15 · EIN 36-6071399

Recordkeeping

$245,953

PINNACLE FINANCIAL SERVICES, INC.7 years

Service code 15 · EIN 59-2438373

Recordkeeping

$166,573

MERRILL LYNCH PIERCE FENNER & SMITH1 year

Filed as: MERRILL LYNCH LIFE AGENCY, INC

Service code 27 · EIN 13-2808480

Advisory (Plan)

$106,159

NPPG2 years

Filed as: NPPG FIDUCIARY SERVICES

Service code 14 · EIN 30-0835405

Plan Administrator

$63,271

SERVANT SPIRIT SERVICES LLC1 year

Filed as: SERVANT SPIRIT SERVICES

Service code 99 · EIN 93-4904307

Other Fees

$44,716

360 PAYROLL INTEGRATION CORP2 years

Filed as: 360 PAYROLL INTEGRATION

Service code 99 · EIN 83-3880266

Other Fees

$22,987

MARINE INDUSTRY RETIREMENT PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MARINE INDUSTRY RETIREMENT PLAN

Top hat statement on fileNQDC

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