Retirement plan

NORTH SAILS GROUP,LLC 401K PLAN

Name: NORTH SAILS GROUP, LLC 401K PLAN - NORTH SAILS GROUP,LLC 401K PLAN (2024) Form 5500
Creator: NORTH SAILS GROUP, LLC 401K PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NORTH SAILS GROUP,LLC 401K PLAN, NORTH SAILS GROUP, LLC 401K PLAN

NORTH SAILS GROUP, LLC 401K PLANEIN 36-4376973Plan #001PY 2024

837 SEAVIEW AVENUE - BRIDGEPORT, CT 066071607203-877-7621

Prospect flagsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$49.8M

+2.9% from 2023

Total participants

359

-4.8% from 2023

Average account balance

$170,000

+10.6% from 2023

Annual return

13.55%

-5.29 pp from 2023

Benchmarks

See 942 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort942 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$49.81M

Not enough data

1 years with asset history on file

Average account balance

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

$170K

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.

293

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.

70.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.84M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+13.55%

Not enough data

1 years with return on file

Admin fee / account holder

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

$476

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
T ROWE PRICE RPS INC8 years Filed as: T. ROWE PRICE Service code 15 · EIN 52-1481931 100 EAST PRATT STREET · BALTIMORE, MD 21202	Recordkeeping	$45,566
RESOURCES INVESTMENT ADVISORS LLC5 years Filed as: RESOURCES INVESTMENT ADVISORS Service code 16 4860 COLLEGE BLVD · OVERLAND PARK, KS 66211	Consulting	$40,000

Plan features & details

Pension benefit codes2E2G2J2K

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$139K

$623 / participant

Contract admin$139K100.0%

% of EOY assets

0.280%

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: SIMIONE MACCA & LARROW LLP
Auditor EIN: 061586075
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$170,000

$62,146+173.6%

$81,438+108.7%

$74,546+128.0%

Participation rate

70.5%

64.1%+6.5pp

69.5%+1.0pp

67.2%+3.3pp

Annual return

13.55%

16.49%-2.9pp

24.74%-11.2pp

1366.03%-1352.5pp

Employer contribution / active EE

$2,287

$1,883+21.5%

$2,460-7.0%

$2,624-12.9%

Participant deferral / active EE

$5,930

$3,229+83.6%

$3,883+52.7%

$4,347+36.4%

Admin fee / account holder

$476

$1,922-75.2%

$5,764-91.7%

$1,944-75.5%

Provider

Service type

Compensation

T ROWE PRICE RPS INC8 years

Filed as: T. ROWE PRICE

Service code 15 · EIN 52-1481931

100 EAST PRATT STREET · BALTIMORE, MD 21202

Recordkeeping

$45,566

RESOURCES INVESTMENT ADVISORS LLC5 years

Filed as: RESOURCES INVESTMENT ADVISORS

Service code 16

4860 COLLEGE BLVD · OVERLAND PARK, KS 66211

Consulting

$40,000

NORTH SAILS GROUP,LLC 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NORTH SAILS GROUP,LLC 401K 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